News Headlines

Share to Twitter

Click the link below to share this story to Twitter.

Share to Twitter | Login to Twitter

Please note: If you are not logged in to Twitter on this device already, the story will not be shared. You may click the "Login" link to login to Twitter.

Back to Home

Illinois Foreclosures Climb 32.6% in 2012

Posted: 8:52 PM Jan 17, 2013
Reporter: The AP

CHICAGO (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 released Thursday by Irvine, Calif.-based 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.