Monday, January 17, 2011

Foreclosures Hit New High In 2010 In McHenry County

Foreclosure filings in 2010 in McHenry County topped the previous year by almost one third according to the latest report from the McHenry County Circuit Clerk's Office.  Filings during the year soared to 3,635, up from 2,746 in 2009.

Foreclosures began to take off in the middle of 2006 but really began to rocket in 2007 according to the Circuit Clerk's report.

The most recent monthly report from Internet real estate data site RealtyTrac.com shows McHenry with largest number of foreclosure filings in December, followed by, in order, Crystal Lake, Lake in the Hills, Huntley, Algonquin and Woodstock.

Another real estate data site, Trulia.com, claims there are 3,972 foreclosed homes listed on the McHenry County real estate market right now. That's in the four percent range.  Census estimates put McHenry County owner-occupied housing at 96,500 homes altogether.

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