Note: new foreclosure auction results are no longer being added to EveryBlock Chicago.
About foreclosure auction results
In this section of EveryBlock, we publish results of foreclosure auctions in Chicago, so you can see how the collapsing housing market is affecting your neighborhood.
Each report includes the block where the foreclosed property is located, the date the property was sold at auction or reverted to the lender, the type of property involved (single-family structure, multi-unit structure, condominium) and a case number unique to each filing.
Also included is the date the foreclosure was filed in the Circuit Court of Cook County Chancery Court. The auctioning of the property is one result that comes after the foreclosure papers are filed. In Illinois, the average time between an auction and the first filing is 13 months.
The data is provided by Woodstock Institute, which, in turn, gets its data from the Foreclosure Report of Chicago. Note that figures on EveryBlock differ from Woodstock's figures and analysis reports. That's because Woodstock looks at foreclosures throughout the Chicago region, whereas EveryBlock only tracks filings in Chicago proper.
Note that the data from Woodstock doesn't include all property types (such as industrial and commercial). Woodstock's focus is on residential property.
Source
The data comes from Woodstock Institute, which buys the data from the Record Information Services. The data is updated every two weeks.
Before sending the information to EveryBlock, Woodstock screens the data to remove duplicate entries. Woodstock also performs research to identify each property's type.
What is the partnership between EveryBlock and Woodstock Institute?
Woodstock Institute is a research, policy development, and advocacy organization working to improve access to safe and affordable financial products and services in underserved markets. EveryBlock and Woodstock Institute forged a partnership to provide the public more information about the foreclosure crisis in Chicago.
Woodstock gets its data from the Record Information Services and issues regular reports on the housing crisis, including a report about Chicago City and Regional Foreclosure Activity for the first half of 2008. Woodstock routinely adds new reports on its foreclosure updates page.
As noted above, Woodstock's figures differ from totals you will find on EveryBlock. The main reason is that EveryBlock focuses only on the city of Chicago proper, while Woodstock tracks foreclosures information throughout the metro area.
Summary
- Source Woodstock Institute
- Updated No longer updated