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There Ain't No Foreclosures in the Suburbs — Um, Wrong!

Hundreds of foreclosures exist in the north and northwest suburbs.

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

Deerfield                            201

Highland Park                    199

Lake Forest                       126

Lincolnshire                         51

Long Grove                       377                                           $373,314

Mt. Prospect                     483                                           $202,700

Northbrook                       265

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.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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