Illinois home foreclosure rate rises 6 percent
CHICAGO (AP) – Illinois' home foreclosure rate rose 6 percent in October compared to the previous month and was 19 percent higher than in October of last year.
A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 14,899 foreclosure filings in October. That represents one in every 356 housing units — the third-highest rate in the nation.
Filings include default notices, auction-sale notices and bank repossessions.
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