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Send Illinois Foreclosures Climb 32.6% in 2012
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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.
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