More bad news emerged on the Illinois foreclosure front today. The number of homeowners slapped with bank repossessions, foreclosure, default or auction sale notices came to 12,681 in October -- a 24 percent increase from September and a 31 percent increase over the same month last year.
Homeowners in Cook County fared the worst. They made up more than half of the total foreclosure filings in the Prairie State. From the Sun-Times:
Some 6,885 homes received foreclosure notices in Cook County, representing one in every 313 homes. In Will County, the number was 990 homes, or 1 in every 226 homes. In DuPage County, the number was 807 homes, or one in every 441, and in Lake County it was 815 homes, or one in every 307 homes.
For more on what certain banks are doing to stem the tide of foreclosures -- here in Illinois and nationwide -- check out this post from yesterday.
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