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Foreclosures on the Rise in Algonquin, LITH

RealtyTrac.com reports a total of 1,428 new foreclosure filings in Algonquin and Lake in the Hills over the past six months.

Illinois, and in particular, the Chicago suburbs have been following an unfavorable trend lately as foreclosure rates remain high throughout the state.

While an average of one in every 730 housing units received a foreclosure filing in September throughout the country, one in 376 housing units received foreclosure filings in Illinois last month.

In August, the state had the highest foreclosure rate in the country, according to a BusinessWeek article.

RealtyTrac currently ranks Chicago as the highest foreclosure city in the nation.  

Closer to home, McHenry County had one of the highest per capita rates for foreclosures in the state last month, with one in every 195 housing units receiving a foreclosure filing. 

Foreclosures have been on the rise over the past six months in Algonquin and Lake in the Hills, according to RealtyTrac.com.

From April to September, there were 1,428 new foreclosures in Algonquin and Lake in the Hills while there were 624 new foreclosure in the six-month period before that (from October 2011 to March 2012). 


 

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