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Foreclosure filing pace slows

Foreclosure filings in Evanston dropped 20 percent in the second quarter of this year.

Data from the Woodstock Institute shows that filings by banks and other lenders dropped from 83 in the first quarter to 66 in the second quarter.

Filings in the second quarter were still up slightly from the level in the same period last year, when 64 Evanston properties went into foreclosure. And foreclosure filings in all of 2008 in Evanston were up 49 percent from the year before.

The drop in Evanston foreclosure filings closely mirrored the pattern for north suburban Cook County as a whole, where foreclosures dropped by 21 percent.

But the picture varied from town to town.

In Glenview they dropped 2 percent, from 43 to 42. In Skokie they dropped 8 percent, from 118 to 109. In Wilmette they dropped 29 percent, from 29 to 15.


Foreclosure filings in Evanston dropped 20 percent in the second quarter of this year.

Data from the Woodstock Institute shows that filings by banks and other lenders dropped from 83 in the first quarter to 66 in the second quarter.

Filings in the second quarter were still up slightly from the level in the same period last year, when 64 Evanston properties went into foreclosure. And foreclosure filings in all of 2008 in Evanston were up 49 percent from the year before.

The drop in Evanston foreclosure filings closely mirrored the pattern for north suburban Cook County as a whole, where foreclosures dropped by 21 percent.

But the picture varied from town to town.

In Glenview they dropped 2 percent, from 43 to 42. In Skokie they dropped 8 percent, from 118 to 109. In Wilmette they dropped 29 percent, from 29 to 15.

Data from BlockShopper.com on properties exiting the foreclosure process with a sale back to the lender show that such sales in Evanston hit their lowest level of the year in August.

Just three such sales occurred in August, compared to a count of five to nine sales in each previous month this year.

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