According to Daily Real Estate News www.dailyrealestatenews.com, Thursday, September 15, 2011, 1 in every 424 Illinois households — a total of 12,493 — are in the foreclosure assembly line as of August, 2011.
We suburbanites assume foreclosures, like homelessness, are solely a city reality. Realty Trac www.realtytrac.com begs to differ:
SUBURB # OF FORECLOSED PROPERTIES AVG. SALES PRICE (if given)
Arlington Hts. 298
Buffalo Grove 476 $220,709
Highland Park 199
Lake Forest 126
Long Grove 377 $373,314
Mt. Prospect 483 $202,700
Palatine 373 $252,600
While these numbers might surprise, we're really only talking about .024 of local folks in these dire straights. But if you or someone you know is affected, that's one person too many. They don't have to go it alone.
If you have a neighbor, family member, or friend who is facing foreclosure, feel free to contact me directly at www.jenniespallonerealtor.com or www.coldwellbanker.com for a list of experts in the foreclosure field. I'll steer you in the right direction, at no charge to you.