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Foreclosured Homes Still Problem In Illinois

Posted by wlpo on May 31, 2012

CHICAGO (AP) – Almost 31 percent of homes sold in Illinois in the first quarter of the year were in foreclosure or owned by a bank.

The statistics were released Thursday by RealtyTrac. The company says the total number of foreclosures sold from January through March totaled 8,592, and the average sale price was $127,530.

The number of foreclosure sales was 22 percent higher than during the same period last year, and almost 12 percent higher than the last three months of 2011.

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