Foreclosure filings in the Chicago metro area jumped 43 percent in February from a year ago.The good news is that a jump in foreclosures means banks are working through their backlog and the end becomes closer in sight.
Foreclosure filings in Illinois jumped 18 percent from July to August, and that means the housing market still has a long slog ahead. The latest numbers from RealtyTrac show banks are starting to move ahead with foreclosures again.
A new report suggests Illinois' rate of home foreclosure fell 3.5 percent between June and July. The RealtyTrac Group said the foreclosure rate is now almost 50 percent lower than last year. But there's still some bad housing news: a report from the Illinois Association of Realtors sa