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» VISIT US ONLINE @ DSNEWS.COM 83 Illinois RANK: 7 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2014 2.30% 2.60% 6.7 YEAR AGO 3.15% 4.06% 9.2 YEAR-OVER-YEAR CHANGE -26.9% -35.9% -2.5 Top County HANCOCK COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 6.27% 5.99% YEAR AGO 2.90% 6.03% YEAR-OVER-YEAR CHANGE 116.2% -0.5% Top Core-Based Statistical Area TAYLORVILLE, IL 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 2.24% 5.15% YEAR AGO 2.75% 4.88% YEAR-OVER-YEAR CHANGE -18.4% 5.6% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary July 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Illinois Re/Max Professionals 630.768.5175 Office 630.768.5175 Cell edjrsellsreos@wearepros.com 484 W. Boughton Rd., Suite C Bolingbrook, IL 60440 Follow my listing on Twitter: twitter.com/Ed_Lukasik_Jr Edward Lukasik Jr. Broker/ Owner IN THE NEWS Foreclosure Starts Sink to Pre-Recession Level in Chicago Area e number of foreclosure filings in a six- county region in Illinois that includes Chicago dropped by nearly 38 percent from the first half of 2013 to the first half of 2014, falling to its lowest level since 2007, according to data released recently by the Woodstock Institute. IN THE NEWS Carrington Plans Expansion Into Central Indiana, Creating 360 Jobs Santa Ana, California-based Carrington Mortgage Services announced in recent weeks its intention to expand into the Central Indi- ana city of Westfield. e expansion will create up to 360 high- wage jobs by 2019, the company announced. Carrington plans to invest $3.17 million to renovate a 77,000-square-foot facility in Westfield and have it operational by the end of the year. "As a reputable mortgage company, Car- rington Mortgage knows the importance of making sound investments," Indiana Gov. Mike Pence said in a statement. "Home to a balanced budget and triple-A credit rat- ing, Indiana's business environment is stable and strong. We are excited that Carrington Mortgage recognizes our talented workforce and commitment to keeping taxes low and has Foreclosure filings, also called foreclosure starts, are the first step toward foreclosure. While filings took a dramatic drop, how- ever, foreclosure auctions—the final step in the foreclosure process—experienced a less drastic year-over-year decline, according to the data. e exact number of filings for the first half of 2013 for the six-county region was 22,342, according to Woodstock. is number of filings for the same period in 2014 was 13,916, a decline of 37.7 percent year-over-year. Woodstock reported 16,332 foreclosure auc- tions for the six counties in the first half of 2013, a number that declined to 13,602 for the first half of 2014—a drop of 16.7 percent. "e decreasing number of new proper- ties entering the foreclosure pipeline means policymakers will need to adjust the tools they are using to address the foreclosure crisis and its aftermath," said Spencer Cowan, VP of Woodstock Institute. "ere are still thou- sands of homeowners entering the foreclosure process who will need guidance on how to avoid losing their homes whenever possible, but there are also tens of thousands more who lost their homes and who are struggling to rebuild their lives. Vacant and blighted homes continue to plague neighborhoods, particularly low-wealth neighborhoods and communities of color." In the city of Chicago, the number of foreclosure filings declined by 34.4 percent year-over-year for the first half of 2014, while the number of foreclosure auctions fell by 20 percent. "e foreclosure crisis continues to impact homeowners who lost their homes, their neighbors, and their communities," Cowan said. "We need sustained support for policy interventions that can limit the ongoing negative impacts of foreclosures." e six Illinois counties for which the foreclosure data was compiled were McHen- ry, Lake, DuPage, Kane, Cook, and Will. Chicago is located in Cook County. Indiana RANK: 19 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2014 2.60% 1.93% 5.8 YEAR AGO 2.76% 2.85% 7.5 YEAR-OVER-YEAR CHANGE -5.8% -32.2% -1.7 Top County BENTON COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 1.84% 4.35% YEAR AGO 1.84% 4.80% YEAR-OVER-YEAR CHANGE 0.1% -9.3% Top Core-Based Statistical Area BEDFORD, IN 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 4.30% 3.39% YEAR AGO 4.32% 4.37% YEAR-OVER-YEAR CHANGE -0.4% -22.4% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary July 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. The number of borrowers in Illinois who reduced their monthly mortgage payment by 20 percent or more as a result of a loan modification in Q2 – the sixth highest total in the nation. Source: Office of the Comptroller of the Currency STAT INSIGHT 2,046

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