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Chicago area foreclosure filings drop as auctions rise

The number of initial foreclosure filings recorded in Chicago fell during the month of June, the Chicago Tribune reports.

The paper noted:

The 2,225 foreclosure auctions started in the Chicago area last month was down 39 percent from May and almost 70 percent from a year earlier.

At the same time, however, foreclosure auctions rose almost 70% year-over-year in Cook County, which includes Chicago, reaching 5,674 in June, up from 2,588 a year ago.

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