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Illinois Home Foreclosures On The Rise

Posted by wlpo on November 10, 2011

Illinois home foreclosure activity rose 9.7 percent in October compared to the previous month.

A report released by RealtyTrac shows Illinois with 12,522 foreclosure filings last month. Filings include default notices, auction-sale notices and bank repossessions.

The filings represent one in every 423 housing units in the state. That rate is 26.2 percent lower than in October of last year but seventh-highest nationally.

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