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Foreclosures Shoot Up In Illinois

Posted by wlpo on February 16, 2012

Illinois home foreclosure activity rose 14 percent in January compared to the previous month as lenders resolve paperwork problems that had slowed the process.

A report by RealtyTrac shows Illinois with 14,349 foreclosure filings last month. Filings include default notices, auction-sale notices and bank repossessions.

The filings represent one in every 369 housing units in the state. That rate is also 9 percent higher than in January of last
year and seventh-highest nationally.

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