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Illinois foreclosures rising

Updated: Friday, 14 Sep 2012, 2:57 PM EDT
Published : Thursday, 13 Sep 2012, 11:14 PM EDT

Michael Clouse

Illinois (WTHI) - Nationally, one in every 681 homes received a foreclosure notice in August. Locally, those numbers are much worse.

Illinois has the worst rate in the country, with one in every 298 homes receiving a notice.

Just over 8,500 homes statewide received a foreclosure notice in August.

These numbers are up 18% from last year and 37% from July.

In all, scheduled foreclosure auctions rose 116% and bank repossessions increased 41% from last year.

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