WJBD Radio

Images

Now Playing

Local News

WJBD - Local News - Illinois Home Foreclosure Rate Rises Six-Percent

Illinois Home Foreclosure Rate Rises Six-Percent

By The Associated Press

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.

See other LocalNews news:

Two Mt. Vernon Teens Injured after Saturday Crash
Bond Set for Salem Woman Who Allegedly Attempted to Run Over Husband
Illinois Law Enforcement Agency Found to Have Violated State Public Records Laws
Two Riders Injured on Route 15 Motorcycle Crash
Hoffman Man Wrecks Motorcycle on Birthday




This Site logo