New Data Show Logjam in Chicago Area Foreclosures
September 23, 2011 | From the field | MacArthur Award for Creative & Effective Institutions, Community & Economic Development

Chicago region foreclosure cases are taking longer to complete, resulting in a dramatic drop in foreclosure completions from the first half of 2010 to the first half of 2011, according to foreclosure data from MacArthur grantee Woodstock Institute. As fewer cases complete the foreclosure process, Woodstock believes it is likely that the number of homes tied up in the foreclosure process is growing.

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