Foreclosures in January 2013 Up From December

for January 2013 in the 6 county Chicago region increased 10% over December 2012. A total of 3,778 homes in Will, Cook, DuPage, Kane, Kendal and Lake counties received default notices in January. These numbers are substantial and tell us that it’s not over yet. Housing in this area is improving but with unemployment remaining around 8% people are still left with few options but to let their home enter into foreclosure.

The tax and spend philosophy, coupled with the mass of regulations, that drive the cost of doing business up and up under the current administration continues to do very little to actually stimulate the economy. Also with Obama-care looming large companies are cutting back full time employees to part time. I doubt that this administration will ever get it, it being how to effectively stimulate the economy…. more on this subject later….

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