In 2006, the number of Chicago foreclosures increased considerably, and at one point it was twice that of the national foreclosure rate. Around September of 2007, there were almost 6,177 foreclosures in Chicago, which was a 5% increase from August and this was a major contribution to increasing the total number of foreclosures in the state of Illinois. The foreclosure rate in Chicago was one in 471 homes and this led to the increase in the number of Chicago foreclosure homes. If you are a first time homebuyer looking for a nice and cozy home in the heart of Chicago then your best bet is Chicago foreclosure homes. The 3rd largest city in the US, Chicago is situated between the Mississippi River watershed and the Great Lakes. One of the reason for people to relocate to Chicago is it’s GDP, which is the third highest in the country. Its balanced economy is supported by a distinctive level of diversification and as a result is one of the favorite real estate investment markets.
Chicago Foreclosure listings
Whether you are searching for a home in the downtown area along the Division Street and Roosevelt road or the densely populated north side, you will find that Chicago foreclosures offers you a home to suit your taste. The question is how you can find such a home. The answer is simple. Just take up our 7-day trial membership at ForeclosureConnections.com and search through a compilation of some of the top Chicago foreclosure listings. You will find some of the most modern homes as well as architecturally stimulating Chicago bank foreclosures for sale in our lists. Each of the Chicago bank foreclosures listed in our database offers a preview into the homes by including important details that will help you to make a good investment decision.
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