By Bob Uphues
February 12, 2013
After experiencing a sharp increase in foreclosure filings during the first half of 2012, Riverside and Brookfield ended the year with the number of foreclosures slowing considerably.
Through June 30, Riverside was socked with 38 foreclosure filings, which represented an 81 percent increase over the same time period in 2011. While the entire suburban Chicago region saw a jump in foreclosure filings during 2012, Riverside was hit particularly hard during the first half of the year.
However, just 14 filings were reported during the second half of 2012, according to the Woodstock Institute, a nonprofit organization that tracks foreclosure activity in northeast Illinois.
Riverside ended 2012 with 52 foreclosure filings. That’s a 30 percent increase compared to 2011, when Riverside reported 40. It also makes 2012 the worst year for foreclosure filings in Riverside since the recession began. The previous high-water mark was in 2010, when 51 foreclosures were filed in Riverside.