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Foreclosure Fallout: An Analysis of Foreclosure Auctions in the Chicago Region
Publication Date: August 2008
Publisher(s): Woodstock Institute (Chicago, Ill.)
Author(s): Geoff Smith; Sarah Duda
Funder(s): John D. and Catherine T. MacArthur Foundation; Chicago Community Trust; Woods Fund of Chicago; Heron Foundation
Funder(s): John D. and Catherine T. MacArthur Foundation; Chicago Community Trust; Woods Fund of Chicago; Heron Foundation
Special Collection: John D. and Catherine T. MacArthur Foundation
Topic: Banking and finance (Banking operations and services)
Social conditions (Housing)
Keywords: Subprime mortgages; Real estate owned (REO) properties
Type: Report
Coverage: Illinois
Abstract:
This report examines the results of foreclosure auctions in the Chicago region held between 2005 and first half 2008 for regional municipalities, Chicago community areas and Chicago wards. The analysis provides the total number of properties going to auction, changes in the share of properties going to auction that become lender-owned, the auction values of these properties, and the property types of lender-owned properties in the City of Chicago.