According to ATTOM Data, a nationwide provider of housing data, there was an uptick in foreclosure activity in July of 2024. New foreclosure filings were up 18% over the prior month, and up 4% from a year ago. Among the fifty states, Illinois ranked fourth highest in new foreclosure filings, and the city of Chicago ranked second highest in the country after New York.

What does this mean?

This uptick in new foreclosure filings is signifcant, although more data over a greater period of time will be necessary to assess whether the increase is indicative of greater problems in the housing market.

For those facing a forecosure, there are options. At The Law Center, we are a team of specialists that are passionate and up to date about the foreclosure process from start to finish and helping businesses and owners at the highest level. Our staff and attorneys approach each client and each property as a new challenge, one that requires thorough analysis, zealous representation, and thoughtful strategy. It’s your investment, let The Law Center help you defend it.

Call us now and speak with a foreclosure expert on how you can make the foreclosure process work for you -- not against you. (312) 600-8815

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