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.
The rate of foreclosure in Miami is uncertain. This question's answer would also vary based on the year you were curious of.
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.
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.
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.
1 in 3267 homes in Inglewood, CA received a foreclosure filing in August 2009.
According to RealtyTrac.com, 1 in every 2,747 homes in Sacramento County is in foreclosure as of Aug 2009
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.
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.
Home foreclosure rates are higher than that of the previous year in Omaha, NE.
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.
The foreclosure of a condominium unit upon which you hold a mortgage should proceed like any other foreclosure.