Foreclosures up in Illinois - WREX.com – Rockford’s News Leader

Foreclosures up in Illinois

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CHICAGO (WREX) -

Foreclosures rose 32.6 percent in 2012 compared to 2011, but that number was 10 percent lower than in 2010.

According to a study by RealtyTrac, there were 136,603 filings for foreclosure in the state in 2012, accounting for 2.58 percent of all homes. Default notices, auction-sale notices, and bank repossessions are all included under filings.

Illinois had the fifth-highest foreclosure rate in the nation, but Florida came in first with a rate of one in every 32 housing units. Nevada, Arizona, and Georgia also had higher rates than Illinois.

 

 

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