Cook County foreclosure filings rose along with the summer heat as Chicago — and Illinois as a whole — became the nation’s hottest foreclosure spots.
Lenders started 675 foreclosure court proceedings in May, and in June that number rose to 747 before falling to 504 in July, public records show. The total value of the 1,926 mortgages that lenders began foreclosing upon over the past three months is more than $637 million, according to The Real Deal’s analysis of foreclosure data.
By comparison, lenders started 482 foreclosure proceedings in April and 912 in March, with those underlying mortgages totaling more than $280 million.
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