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.
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