Foreclosure map: Cook County takeaways tick down

Foreclosure court filings fell in February, both in Cook County and nationwide.

Lenders initiated 317 Cook County foreclosure cases in February, down by three from January — but still up from 265 in December.

The total mortgaged value behind last month’s new foreclosure efforts totaled over $119 million, a drop from the previous months when January totaled $174 million, December $144 million and November’s $237 million.

Here’s where foreclosure court cases began in January:

Last month’s median mortgage amount subject to foreclosure was $166,822, almost $30,000 less than January’s median amount at $192,250. For comparison, December’s median amount was $170,100 and November’s $180,000.

The borrower facing the biggest foreclosure case started last month is LaSalle Towers Prop LLC, for a $26 million debt for the multifamily property at 1211 North La Salle Street. The entity is linked to Strategic Properties of North America, a major condo deconversion buyer. CoreVest is the lender.

U.S. Bank, once again, filed the most foreclosure lawsuits in Cook County last month — 35. That’s down from January, when U.S. Bank filed 48. Newrez LLC — sometimes called Shellpoint Mortgaging — filed 27.

U.S. Bank and Newrez frequently muscle each other out for the most foreclosure filings in any given month.

Nationally, foreclosure filings were down 1 percent from January, but up 8 percent from the same time last year, according to Irvine, California-based real estate data firm ATTOM. Out of 224 metropolitan areas with a population of at least 200,000, Chicago saw the greatest number of completed foreclosures at 207, followed by Philadelphia at 182 and New York City at 173, according to the report.

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