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The foreclosure rates are at an all time high at this time nationwide as well as in Chicago. In 2007 the foreclosure rate in Chicago was up to 50%. That is way too high for a great economy.

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13y ago

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What can be done about foreclosure in Chicago?

Slowly the foreclosure rate is slowing in Chicago. The economy is picking up and so are job outlooks for the unemployed. Both of these things will help people who want to buy homes or to buy foreclosed homes and will stem the amount.


What is the rate of foreclosure in the Miami area?

The rate of foreclosure in Miami is uncertain. This question's answer would also vary based on the year you were curious of.


What is the foreclosure rate in Miami Florida?

The foreclosure rate in southern Florida has fallen to 60% within the past year. With 1 out of 65 homes receiving a foreclosure filing. It currently ranks as 30th in the nation.


What is the rate of foreclosure on Indianapolis homes?

Indianapolis has a fairly high foreclosure rate. As of first quarter 2011 the rate was about 1 in 500 homes. That's one of the highest rates in the country.


What information do I need to have together before contacting a foreclosure attorney in Chicago?

Here's a website that has information on forclosures: http://www.dfi.wa.gov/consumers/education/foreclosure/prevent_foreclosure.htm. It may be able to help you in Chicago.


What is the foreclosure rate in Inglewood California?

1 in 3267 homes in Inglewood, CA received a foreclosure filing in August 2009.


What is the Sacramento Residential Foreclosure Rate?

According to RealtyTrac.com, 1 in every 2,747 homes in Sacramento County is in foreclosure as of Aug 2009


Where can one find information on foreclosures in Chicago?

One could find information on foreclosures in Chicago online at websites like RealtyTrac, Foreclosure, Equator, HomePath, HomeSteps and HomeSales. Other places one can find information on this are RealEstate, ChicagoNow and Trulia.


What is the foreclosure rate on Phoenix homes?

The foreclosure rate in Phoenix has fallen under 30% for the first time since early 2009. As of July 2011 the rate has been 29%. Also, as of July it is reported that there are more than 2,500 single-family home foreclosures.


Is the home foreclosure rate up or down for the past year in Omaha, NE?

Home foreclosure rates are higher than that of the previous year in Omaha, NE.


Foreclosure can you buy a new home with cosigner?

You can buy a home after foreclosure without a cosigner as soon as 6 months after a foreclosure 12 months if it's also a bankruptcy. The issue is the interest rate. Unfortunately a cosigner doesn't seem to help much in getting the interest rate better. The good news is that in the current market, you are bound to find plenty of homes for rent very cheap. Many times below what the interest rate is. If you are younger you still have many years to rebuild your credit and hopefully you can get back into your own home with a reasonable rate in 7-8 years after your foreclosure. You can buy a home after foreclosure without a cosigner as soon as 6 months after a foreclosure 12 months if it's also a bankruptcy. The issue is the interest rate. Unfortunately a cosigner doesn't seem to help much in getting the interest rate better. The good news is that in the current market, you are bound to find plenty of homes for rent very cheap. Many times below what the interest rate is. If you are younger you still have many years to rebuild your credit and hopefully you can get back into your own home with a reasonable rate in 7-8 years after your foreclosure.


What to expect in foreclosure of condo not primary home?

The foreclosure of a condominium unit upon which you hold a mortgage should proceed like any other foreclosure.