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Foreclosures here shrink to pre-crisis levels

The foreclosure crisis, which cast an ominous shadow over the Chicago-area real estate market for much of a decade, has narrowed to a few lingering dark spots.

Only eight out of more than 250 Chicago-area ZIP codes had more than a sliver of their housing stock in foreclosure in February. That’s according to data provided to Crain’s yesterday by Attom Data Solutions, an online real estate data service based in Irvine, Calif.

Those eight ZIP codes, which make up a belt of south suburbs running from Dolton to Park Forest, are the only ones where more than one-half of 1 percent of the homes with mortgages were in some stage of foreclosure in February. None has more than 1 percent of its homes in foreclosure…Please click here to read Dennis Rodkin’s story in Crain’s.

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