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Illinois foreclosures rise 29 percent in May

Nationally, May was the first month since January 2010 that the number of homes starting on the foreclosure path rose on an annual basis

Associated Press 6:01 a.m. CDT, June 14, 2012
Illinois home foreclosure activity rose 29 percent in May compared to the previous month and is 54 percent higher than May of 2011.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 16,318 foreclosure filings last month. Filings include default notices, auction-sale notices and bank repossessions.

The filings represent one in every 325 housing units in the state, fifth highest nationally.

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