Illinois foreclosure filings down in June

Real estate foreclosure filings in Illinois fell 16% in June from May, and the state had the 13th-highest foreclosure rate in the country, according to a report released Thursday.
The 8,157 foreclosure filings in Illinois last month was still 42% higher than the total for June 2007, according to the report by RealtyTrac, an Irvine, Calif.-based research firm. The filings, which includes default notices, auction sales and bank repossessions, covers both residential and commercial properties.
Foreclosure filings nationally fell 3% in June from the previous month but were still 53% higher than June 2007, a sign “we have not yet reached the top of this foreclosure cycle,” RealtyTrac CEO James Saccacio says in a news release.
With one filing per 637 households, Illinois’ June foreclosure rate ranked 13th in the country. Nevada had the highest foreclosure rate for the month, with one filing per 122 households, followed by California at 192 and Arizona at 201. The U.S. foreclosure rate was one filing per 501 households....more