Illinois foreclosure activity up 19% from a year ago
(MCT) — Two reports issued Thursday show that the Chicago area's housing market remains challenged and its recovery lags behind the nation's.
Mortgage foreclosure notices were issued against 12,212 properties in the six-county Chicago area last month, an increase of 3.6 percent from September and 18.6 percent from October 2011, Realty Trac reported. During October, 3,117 homes in Cook, DuPage, Kane, Kendall, Lake and Will counties were repossessed by lenders.
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