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    Illinois foreclosures climb 32.6 percent in 2012

    Illinois foreclosure activity increases 32.6 percent in 2012, rate is 5th highest in nation

    Associated Press – Thu, Jan 17, 2013

    CHICAGO (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.

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