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    Illinois Q3 foreclosures up 31 percent over 2011

    Associated Press – Thu, Oct 11, 2012

    CHICAGO (AP) — Illinois' third-quarter home foreclosure activity rose 31 percent compared to the same period last year.

    A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 42,176 foreclosure filings from July through September. That represents one in every 126 housing units — the fourth-highest rate in the nation.

    That rate is almost 4 percent higher than in the second quarter of this year. On a monthly basis, Illinois foreclosures dropped 20 percent in September compared to August.

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

    Florida had the nation's highest third-quarter foreclosure rate — one in every 117 housing units. Arizona and California also have foreclosure rates higher than Illinois.

    Nationally, third-quarter foreclosure activity fell 13 percent compared to 2011.

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