Illinois home foreclosure rate rises 6 percent


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Posted Online: Nov. 15, 2012, 9:34 am
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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.














 



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  Today is Thursday, April 24, the 114th day of 2014. There are 251 days left in the year.

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1889 -- 125 years ago: The gates of Oklahoma were swung open at noon today, and a throng of more than 30,000 settlers started over its soil.
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1939 -- 75 years ago: Plans are being discussed for resurfacing the streets in the entire downtown district of Rock Island.
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