June 14, 2012
Illinois foreclosure filings shot up 29 percent in May compared to the previous month and are 54 percent higher than May 2011, according to data provided by Irvine, California-based RealtyTrac. Illinois has the fifth-highest foreclosure rate nationally.
The discouraging month-by-month figures follow a relatively more encouraging report from the Chciago-based Woodstock Institute that foreclosure filings declined between the end of 2010 and 2011.
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