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Foreclosures Up in Illinois

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CHICAGO (AP) — Illinois home foreclosure activity rose 4 percent in June compared to the previous month, but was down 25 percent from one year earlier.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 6,541 homes receiving initial foreclosure filings last month.

Another 1,944 properties were scheduled for auction sale and 2,529 properties were repossessed by banks.

Looking at the first six months of the year, Illinois foreclosure activity fell 29 percent compared to the same period last year.

Nevada had the nation’s highest foreclosure rate during 2011’s first six months, with nearly 5 percent of all Nevada housing units receiving a foreclosure filing.

Illinois also ranked in the nation’s top 10, following Arizona, California, Utah, Georgia, Idaho, Michigan, Florida and Colorado.

Copyright Associated Press

 

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