LogoA Picture of Chicago Foreclosures
January 2010
DON'T MISS THESE PUBLIC HEARINGS ON FORECLOSURES!
Thursday, March 11
A public hearing on the progress of the Neighborhood Stabilization Program.

Where: City Hall Council Chambers, 2nd Floor, 121 North LaSalle
When: 10:00 am (arrive at 9:00 am if you wish to testify)

Monday, March 15
Key bankers have been asked to testify at a Joint Hearing with Committee on Housing and Real Estate and State Senator Iris Y. Martinez on the foreclosure crisis in Chicago and throughout Cook County.

Where: City Hall Council Chambers, 121 North LaSalle, 2nd Floor
When: 10:00 am
Resources
CRN on YouTube
CRN News Feed
Housing Fact Sheets
Empowerment Series Workshops
Join Our List
Join Our Mailing List
At the start of the New Year, over 2,500 foreclosures were filed in the City of Chicago, according Chicago Rehab Network's monthly foreclosure report, A Picture of Chicago Foreclosures for January 2010. 

The January numbers represent a continuing upward trend in foreclosure filings despite the county-wide moratorium on foreclosure filings and the federal government's effort to increase loan modifications for troubled homeowners.

Completed Foreclosures
CRN's report also provides an analysis of completed foreclosures. In January, sales from auctions resulted in 362 properties being repossessed by a bank as REO. CitiMortgage held the highest number of REO properties received at auction followed by Deutsche Bank.

Foreclosure Filings By Ward
Also new in this report are foreclosure filings by Chicago wards.  In January, the 2nd (Fioretti), 17th (L. Thomas), and 24th (Dixon) wards reported the highest numbers of new filings.

Previous monthly foreclosure reports are available by visiting http://chicagorehab.org/ForeclosureReports.aspx
Become a FAN of CRN on Facebook!
facebookBecome a Fan and receive up-to-date information about affordable housing issues and CRN activities.