Ill. Foreclosure Activity Dips 6 percent in August

By: AP
By: AP

CHICAGO (AP) -- Illinois home foreclosure activity fell 6 percent in August compared to July, and has fallen almost 60 percent in the last year.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 7,289 foreclosure filings in August. That represents a rate of one in every 725 housing units -- the eighth-highest in the nation.

Filings include default notices, auction-sale notices and bank repossessions.

Nevada had the highest foreclosure rate in August -- one in every 359 housing units. Other states with foreclosure rates worse than Illinois were Delaware, Florida, Indiana, Maryland, Ohio and Utah.

Nationally, the foreclosure rate in August was almost 2 percent lower than in July and 34 percent lower than August of 2012.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 223435501 - wifr.com/a?a=223435501