CBS 2 Chicago wbbm7801059 670 The Score


Illinois Foreclosures Fall 24 Percent In November

File Photo Of Foreclosure Sign (AP Photo)

File Photo Of Foreclosure Sign (AP Photo)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

CHICAGO (AP) – Illinois home foreclosure activity fell almost 24 percent in November compared to the previous month.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 12,941 foreclosure filings last month. Filings include default notices, auction-sale notices and bank repossessions.

The filings represent one in every 408 housing units in the state. That rate is 21 percent lower than in November last year and ninth-highest nationally.

RealtyTrac says much of the decrease can be attributed to lenders and servicers halting foreclosures while they revamp procedures following a controversy over questionable paperwork.

Nevada continued to have the nation’s highest foreclosure rate — one in every 99 housing units.

Other states with foreclosure rates higher than Illinois were Arizona, California, Florida, Georgia, Idaho, Michigan and Utah.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)