Illinois home foreclosure rate rises 6 percent - Wandtv.com, NewsCenter17, StormCenter17, Central Illinois News-

Illinois home foreclosure rate rises 6 percent

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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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