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Foreclosure Fallout: An Analysis of Foreclosure Auctions in the Chicago Region

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Publication Date: August 2008

Publisher(s): Woodstock Institute (Chicago, Ill.)

Author(s): Geoff Smith; Sarah Duda

Topic: Banking and finance (Banking operations and services)
Social conditions (Housing)

Keywords: Subprime mortgages; Real estate owned (REO) properties

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.

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