Illinois foreclosures climb 32.6 percent in 2012
CHICAGO – 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.
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