RealtyTrac: Illinois among states with highest foreclosure activity

One in 141 housing units in Illinois are in foreclosure, according to RealtyTrac’s monthly report. Illinois joins California and Florida with the highest numbers of foreclosures in the nation.

According to the report:

Illinois foreclosure activity increased 17 percent from the previous quarter and was up 14 percent from the first quarter of 2011, helping the state post the nation’s third highest state foreclosure total in the first quarter: 37,660 properties with foreclosure filings.”

Other interesting finding: Illinois is in the top four states when it comes to the length of time it takes to foreclose on a property at 628 days.

Look at the chart below. The release from RealtyTrac is here.

 

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About Jon Broadbooks

Jon Broadbooks is Vice President/Communications for Illinois REALTORS®. He serves as editor of online and print content for the association’s communications including the Illinois REALTOR® magazine and e-newsletters. He conducts spokesperson training seminars and oversees website development for the Association.

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