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IL forecloses up

Thu, 17 Jan 2013 04:29:23 CST
By: AP

Illinois home foreclosure activity rose 32.6 percent in 2012 compared to the previous year. But it was almost 10 percent lower than in 2010. A report yesterday by RealtyTrac shows Illinois with 136,603 foreclosure filings last year. That represents a rate of one in every 39 housing units, or 2.58 percent of all homes. It's the fifth-highest rate in the nation. Filings include default notices, auction-sale notices and bank repossessions. Florida had the nation's highest foreclosure rate _ one in every 32 housing units. Other states with foreclosure rates worse than Illinois were Nevada, Arizona and Georgia. Nationally, last year's foreclosure activity fell almost 3 percent from 2011. That was 36 percent lower than in 2010.

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