Unfortunately, Chicago has received the dubious honor of
having the largest inventory of bank-owned foreclosure
properties on the market in April, according to RealtyTrac. This is just part
of a wider movement of the foreclosure plague, on which real estate expert
Steve Cook offers insight in the recent Equifax Finance Blog Post, “Foreclosures Move North to Changing Markets.”
Midwest and Northeastern areas are where foreclosures are clustering.
Kansas City posted the highest foreclosure discount in April and New Jersey
posted the highest rise in foreclosures for the same time period. Eleven of the
nation’s 20 largest metro areas that posted increased foreclosures were in the
East or Midwest.
