The rise in the number of Sheriff house auctions and foreclosures last year has resulted in more people being ordered to leave their homes in Chicago, Illinois. According to housing analysts, the increased number of evictions not only harmed families, but also neighborhoods left with empty and abandoned properties.
With fewer people able or willing to buy foreclosures in Chicago, foreclosed properties remain vacant for long periods of time. This bothered non-profit groups and local officials as empty premises often result in neighborhood deterioration and higher crime rates. With 2011 being predicted as the peak of the housing market crisis, local advocacy groups are gearing up for more evictions, which will create further problems for the area, both socially and economically.
According to anti-eviction movements in the city, if there are more foreclosed homes in Illinois this year, they should expect eviction notices to also increase, although a foreclosure case does not always end up in eviction. However, these groups are preparing for the worst as they stated that evictions have a devastating impact on the whole community.
For one, they reported that homeless shelters are pushed to the limit as available spaces are not enough to accommodate all the families that have lost their homes to Sheriff house auctions and foreclosures. For the part of evicted residents, advocates stated that some have nowhere else to go and nowhere to live. For those who can find alternative housing arrangements, eviction will be very hard to remove from their records.
Local officials and nonprofits are worried that foreclosure properties will be even higher this year as notices of default in December 2010 showed a total of 9,134 for the whole state, the highest total recorded for a single month in 2010. The figure was just a fraction of the almost 50,000 properties repossessed by lenders last year in Illinois, with over 27,500 of these repossessions occurring in Cook County alone.
Several organizations are reportedly preparing for the flood of evictions that will result from the massive foreclosures and Sheriff house auctions that will happen this year in Chicago. Reports revealed that most are planning to organize protests to push for more housing programs in the area and to assert that housing is one of the fundamental social rights of Americans.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.
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