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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.
