Thursday, January 22, 2009

Cook County foreclosure cases up 36% last year

The number of foreclosure cases filed last year in Cook County climbed 36%, a slower pace than in 2007, when the residential mortgage crisis was seemingly at full throttle.

Almost 44,000 foreclosure suits were filed in Cook County Circuit Court in 2008, according to office of Circuit Court Clerk Dorothy Brown. In 2007, the number of cases rose about 71%, to nearly 32,300, compared to 2006.

The current statistics stand in dramatic contrast to 1999, when nearly 13,000 foreclosure cases were filed, the earliest year for in which figures are readily available. The numbers include residential and commercial filings.

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