Illinois home foreclosure rate rises 6 percent


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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