State

Illinois Q3 foreclosures up 31 percent over 2011

CHICAGO — Illinois' third-quarter home foreclosure activity rose 31 percent compared to the same period last year.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 42,176 foreclosure filings from July through September. That represents one in every 126 housing units — the fourth-highest rate in the nation.

That rate is almost 4 percent higher than in the second quarter of this year. On a monthly basis, Illinois foreclosures dropped 20 percent in September compared to August.

Filings include default notices, auction-sale notices and bank repossessions.

Florida had the nation's highest third-quarter foreclosure rate — one in every 117 housing units. Arizona and California also have foreclosure rates higher than Illinois.

Nationally, third-quarter foreclosure activity fell 13 percent compared to 2011.

Loading more

Digital Access

Digital Access
Access nwherald.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.