Community Corner
Cary Foreclosure Rate Among Lowest in McHenry County
According to a report from RealtyTrac, foreclosures are on the rise in Illinois.
In McHenry County, May foreclosures were down from April and March.
McHenry had the highest foreclosure count in May with 71, followed by Crystal Lake, 58; Lake in the Hills, 42; Woodstock, 36; Algonquin, 35; Wonder Lake, 32; Huntley, 31; Cary 26; Spring Grove 19; and Marengo, 14.
The count is based on the total number of properties that received a foreclosure filing including default notice, foreclosure auction notice or bank repossession.
Find out what's happening in Crystal Lake-Carywith free, real-time updates from Patch.
The rate is calculated by dividing the total number of housing units in a zip code by the total number of properties that received foreclosure filings.
McHenry County’s foreclosure rate at .33 percent is higher than the Illinois average of .2 percent and higher than the national average of .17 percent.
Find out what's happening in Crystal Lake-Carywith free, real-time updates from Patch.
Filings, which include default notices, auction-sale notices and bank repossessions, represent one in every 306 housing units in McHenry County.
Nationwide, foreclosures are down 2 percent from April and 33 percent from May of 2010, according to RealtyTrac’s U.S. Foreclosure Market Report.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
