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Evanston foreclosures up, but increase is under metro average

Foreclosure filings in Evanston increased 34 percent in the first quarter this year compared to the same period of 2008.


Foreclosure filings in Evanston increased 34 percent in the first quarter this year compared to the same period of 2008.

The increase here was slightly less than the 36 percent increase shown for the six-county metro region.

A report from the Woodstock Institute says 83 properties went into foreclosure here in January through March this year compared to 62 a year ago.

For 2008 as a whole, 267 properties went into foreclosure in Evanston.

With roughly 20,000 residential properties in the city, that means about 1.3 percent of the properties in town were in the foreclosure process at some point in 2008.

The foreclosure problem is also hitting other nearby suburbs.

In Skokie, which has about 13 percent fewer residents than Evanston, foreclosures in the first quarter more than doubled to 118 from 55 in the same period a year ago. For all of last year Skokie had 346 properties in foreclosure.

Wilmette, with a population just a third that of Evanston, saw foreclosure filings grow from 6 in the first quarter of 2008 to 21 in this year’s first quarter, an increase of 250 percent.

And Glenview, with a population about 60 percent of Evanston’s had 34 filings in the first quarter of 2008 and 43 in this year’s first quarter, an increase of 26.5 percent.

On average, the Woodstock Institute says, suburbs in Northern Cook County showed a 67 percent increase in foreclosures in the first quarter, compared to a 40 percent increase for the county as a whole, and a 39 percent increase in Chicago.

A full list of foreclosures by community and Chicago neighborhood is available online.

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