2007 Foreclosure Report: Foreclosures In the Chicago Region Continue to Grow At An Alarming Rate
Publication Date: March 2008
Publisher(s): Woodstock Institute (Chicago, Ill.)
Author(s): Geoff Smith
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Property values; Subprime mortgages; Economic inequality
Foreclosures spiked in the last quarter of 2007 in nearly every community in the Chicago region, based on foreclosure filings analyzed by Woodstock Institute. This report also found that foreclosure filings have increased in suburban areas that have not traditionally been associated with high foreclosure levels.