Foreclosure filings drop
By Cindy Wojdyla Cain email@example.com April 10, 2013 9:38PM
Updated: May 12, 2013 2:12PM
Will County foreclosure filings dropped 19 percent from February to March — from 1,072 to 868 — but the March number is about 9 percent higher than March 2012.
Will County ranked fourth in the state with one in every 272 households affected last month by either a default notice, scheduled auction or bank repossession, according to Irvine, Calif.-based RealtyTrac, which lists foreclosure properties at www.realtytrac.com.
Will County ranked sixth in the state for first quarter filings. The total of 2,414 was down 10.7 percent from the fourth quarter of 2012 but up 3.3 percent from the first quarter of last year.
Grundy County ranked 14th in the state for the first quarter with 87 foreclosure filings, down 59.5 percent from the previous quarter and up only 2.4 from the first quarter of 2012.
Kendall County ranked first in Illinois with 624 filings in the first quarter, down 4.7 percent from the last quarter and 17.4 percent from the first quarter last year.
For all of Illinois, first quarter foreclosure activity dropped 2 percent from the previous quarter and fell 5 percent from a year ago.
But the state ranked third nationwide with a foreclosure rate of one in every 147 households.
Nationwide, March foreclosure filings were down 1 percent from February and down 23 percent from March 2012. That decrease helped drop first-quarter foreclosure numbers to the lowest level since the second quarter of 2007, according to RealtyTrac.
Foreclosure filings nationally during the first quarter were down 12 percent from the previous quarter and down 23 percent from the first quarter of 2012.
“Although the overall national foreclosure trend continues to head lower, late-blooming foreclosures are bolting higher in some local markets where aggressive foreclosure prevention efforts in previous years are wearing off,” Daren Blomquist, vice president at RealtyTrac, said.