RealtyTrac, Inc. released its second quarter foreclosure figures on Friday. Like elsewhere in the country, the findings out of Illinois and Chicago were disconcerting to say the least:
Illinois’ foreclosure rate ranked it No. 10 in the country, with one foreclosure for every 193 households in the state. That marked a 16 percent increase from the previous quarter and a 58 percent jump from second-quarter 2007.
Chicago ranked 35 among the top 100 metro areas with 21,488 properties with foreclosure filings for a rate of one for every 144 households. That was up 22 percent from last quarter and 58 percent from second-quarter 2007.
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