New foreclosure filings swell 27 percent in Chicago area
(MCT) — Foreclosure filings in seven Chicago-area counties swelled during June and the second quarter, keeping pressure on a local housing market trying hard to find a bottom.
Another 6,952 homes started the foreclosure process in Cook, DuPage, Kane, Kendall, Lake, McHenry and Will counties, RealtyTrac data showed. That's a 27 percent increase from June 2011 when initial filings of foreclosure in the seven counties totaled 5,485. The number declined from May 2012, when 7,595 homes entered foreclosure.
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