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Foreclosure wave abates a bit here

Foreclosure filings in Evanston dropped 16.2 percent in the third quarter this year compared to a year earlier.

That’s the word today from a Woodstock Institute study.

The report shows 62 foreclosures in the third quarter this year compared to 74 in the same period last year.

For the full year so fa,r Evanston has seen 211 foreclosure filings, compared to 200 at the same point last year.

Foreclosure filings reached a peak of 83 in this year’s first quarter and have been declining since.

If the drop recorded in the third quarter continues for the rest of the year, Evanston would end up having the same number of foreclosures in 2009 that it did in 2008.

The Woodstock Institute data shows that Evanston did far better than most other Chicago area communities in the third quarter. On average northern Cook County communities saw a 35.9 percent increase in foreclosures and the rate of increase was even higher in the collar counties.

Many Chicago neibhorhoods, especially on the south side, saw a drop in foreclosure filings as did suburban communities in southern Cook County.

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