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State and Nation Business

Ill. foreclosure activity dips 6 percent in August

CHICAGO — Illinois home foreclosure activity fell 6 percent in August compared to July, and has fallen almost 60 percent in the last year.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 7,289 foreclosure filings in August. That represents a rate of one in every 725 housing units — the eighth-highest in the nation.

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

Nevada had the highest foreclosure rate in August — one in every 359 housing units. Other states with foreclosure rates worse than Illinois were Delaware, Florida, Indiana, Maryland, Ohio and Utah.

Nationally, the foreclosure rate in August was almost 2 percent lower than in July and 34 percent lower than August of 2012.

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