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.
Florida had the nation's highest October foreclosure rate — one in every 312 housing units, followed by Nevada with one in every 352 housing units. Also in the top five were Arizona and California.
Nationally, October's foreclosure activity rose 3 percent from last month but fell 19 percent from October of 2011.
