Illinois Foreclosures Climb 32.6 Percent in 2012

    Comments: 0  | Leave A Comment

    (AP) — Illinois home foreclosure activity rose 32.6 percent in 2012 compared to the previous year. But it was almost 10 percent lower than in 2010.

    A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 136,603 foreclosure filings last year. That represents a rate of one in every 39 housing units, or 2.58 percent of all homes. It’s the fifth-highest rate in the nation.

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

    Florida had the nation’s highest foreclosure rate — one in every 32 housing units. Other states with foreclosure rates worse than Illinois were Nevada, Arizona and Georgia.

    Nationally, last year’s foreclosure activity fell almost 3 percent from 2011. That was 36 percent lower than in 2010.

    Leave a Comment