Illinois Foreclosures: 16 Percent Of Homes Sold In 3rd Quarter Were Foreclosures Huffington Post 01/26/12 11:50 AM ET AP CHICAGO — Sixteen percent of homes sold in Illinois in the third quarter of 2011 were in foreclosure or owned by a bank. That's according to a report released Thursday by Irvine, Calif.-based RealtyTrac.
Fannie Mae tries partnerships with investors to sell foreclosures Sun-Sentinel California had the largest number of Fannie Mae REOs, with 6987, followed by Michigan, Florida, Georgia and Illinois, as of Dec. 26, according to the FHFA. It will be difficult for private-equity funds to generate high returns renting foreclosures...
Housing market expected to improve in '12 Galesburg Register-Mail The president of the West Central Illinois Association of Realtors said the wild card is the inventory of foreclosures that still exists and how quickly those homes hit the market. The picture for this past year improved across the board from 2010.