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IL foreclosures up

Thu, 11 Oct 2012 06:17:58 CDT
By: AP

Illinois' third-quarter home foreclosure activity rose 31 percent compared to the same period last year. A report released by RealtyTrac shows Illinois with 42,176 foreclosure filings from July through September. That represents one in every 126 housing units, the fourth-highest rate in the nation.   That rate is almost 4 percent higher than in the second quarter of this year. On a monthly basis, Illinois foreclosures dropped 20 percent in September compared to August. Filings include default notices, auction-sale notices and bank repossessions. Florida had the nation's highest third-quarter foreclosure rate, one in every 117 housing units.   Arizona and California also have foreclosure rates higher than Illinois. Nationally, third-quarter foreclosure activity fell 13 percent compared to 2011.

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