Chicago Area Foreclosure Market Report



Foreclosures in the Chicago area this past May are showing a decrease in momentum, according to RealtyTrac, Inc., a California-based online data tracking service. 7,582 homes had a foreclosure or short sale related filing in May, dropping over 20 percent from the previous month of April and 49.7 percent from 2012 at the same time period.

Identifying a Serious Seller



When a seller fails to give a realistic asking price for their home, then the chances are good that they aren’t really that serious about selling it anyway, according to one real estate expert.

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