Overcast
40°FOvercastFull Forecast

Illinois foreclosures climb 32.6 percent in 2012

Published: Thursday, Jan. 17, 2013 9:53 a.m. CDT • Updated: Thursday, Jan. 17, 2013 10:48 a.m. CDT

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.

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.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Daily Chronicle.

Watch Now

Player embeded on all DDC instances for analytics purposes.

Oct. 30 Rod Carey press conference

More videos »

Reader Poll

Which Halloween candy runs out the quickest in your household?
Chocolate
Hard candy
Caramel
Smarties
Gummy candies