Foreclosure filings rise
By Cindy Wojdyla Cain email@example.com July 11, 2012 11:24PM
The Kane County sheriff may need to add personnel to handle the rise in foreclosures in the county. File Photo
Updated: August 13, 2012 1:50PM
Area foreclosure filings increased during the first six months of this year compared to last year.
In Will County there were 4,509 filings from January through June, up 15.56 percent from the second half of 2011 and up 7.92 percent from the first half of last year. Will County was ranked sixth in the state for filings.
In Kendall County, which ranked first in the state, filings totaled 1,392, up 60.55 percent from the second half of last year and 24.62 percent from the first half.
In Grundy County, filings totaled 160, up 31.15 percent from the second half of last year and 10.34 percent from the first half. Grundy County ranked 12th for filings in the state.
In comparison, U.S. foreclosure filings were up only 1.52 percent compared to the second half of last year and they fell 10.65 percent from the first half.
In Illinois, filings were up 28.23 percent from the second half of 2011 and up 22.46 percent from the first half.
The foreclosure filing statistics — which include default notices, auction sale notices and bank repossessions — were released Thursday by Irvine, Calif.-based RealtyTrac. The midyear 2012 report shows that 20 states experienced an increase of foreclosure filings compared to a year ago.
“The increases in foreclosure starts in the first half of the year will likely translate into more short sales and bank repossessions in the second half of the year and into next year,” RealtyTrac CEO Brandon Moore said.