Light Rain Fog/Mist
50°FLight Rain Fog/MistFull Forecast

Illinois home foreclosure rate rises 6 percent

CHICAGO — Illinois' home foreclosure rate rose 6 percent in October compared to the previous month and was 19 percent higher than in October of last year.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 14,899 foreclosure filings in October. That represents one in every 356 housing units — the third-highest rate in the nation.

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

Florida had the nation's highest October foreclosure rate — one in every 312 housing units, followed by Nevada with one in every 352 housing units. Also in the top five were Arizona and California.

Nationally, October's foreclosure activity rose 3 percent from last month but fell 19 percent from October of 2011.


Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Reader Poll

How many books have you read in the past year?
One or two
Three or four
Five or six
Seven or more