Bankruptcy Attorney
Bankruptcy Lawyer Attorney Profiles Common Questions Bankruptcy Evaluation Office Locations

No Money Down on Chapter 13 Cases
For Qualified Wage Earners!
Chapter 7 Bankruptcy from $850

Information Center
Asset Protection
Bankruptcy Overview
Business Bankruptcy
Chapter 13
Chapter 11
Chapter 7
Creditor Harassment & Abuse
Debt Relief Options
Eliminating 2nd Mortgages
Fighting Foreclosure
Means Test
Rebuild Credit
Resources
Taxes & Bankruptcy
Bankruptcy Alternatives
Bankruptcy Exemptions
Bankruptcy Myths
Bankruptcy Process
Bankruptcy Time Line
Benefits of Bankruptcy
Chapter 7 vs. Chapter 13
Filing for Bankruptcy
Is Bankruptcy Right for Me?
Life After Bankruptcy
Why Hire a Bankruptcy Attorney
Will I Lose Anything?
Read our blog

Chicago Foreclosures Take Average of 359 Days to Complete

While foreclosure auctions in Chicago are declining, it is reported that foreclosures in the city are taking longer to process or complete.

According to one company, the first six months of 2011 saw a 51% decline in foreclosure completions. This amounted to 8,515 cases being completed, compared to 17,331 in 2010. While all six counties in Chicago saw a decline, Lake County saw the steepest drop at 55.2% this year. The second quarter of this year was notable in that it saw the foreclosure auctions drop to a record low, the lowest they have been since 2007.

One reason for delayed foreclosure auctions is longer processing times for existing foreclosure cases. The median length for foreclosure cases in Chicago was 359 days during the second quarter of last year, a higher-than-average figure for the area.

Are you in danger of losing your home? Were you served with a notice of foreclosure? Contact Bizar & Doyle, LLC now to get immediate help from an understanding Chicago bankruptcy attorney who may be able to help you save your home.

Categories: Bankruptcy, Foreclosure
Free Bankruptcy Evaluation
Eliminate Debt & Bills
123 W. Madison Street, Suite 205; Chicago, IL 60602
Attorney Web Design
The information on this website is for general information purposes only. Nothing on should be taken as legal advice for any individual case or situation.

Main Office: 123 W. Madison Street, Suite 205 Chicago, IL 60602
Phone Number: (312) 427-3100