Mt. Vernon Register-News

State News

June 11, 2009

Illinois home foreclosure filings slow in May

CHICAGO (AP) — The number of home foreclosure filings in Illinois fell in May, though they still were higher than a year ago.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows 10,942 foreclosure filings in Illinois last month. Filings include default notices, auction-sale notices and bank repossessions.

The Illinois filings dropped 20 percent from April’s level, but were almost 10 percent higher than May of last year.

One in every 479 housing units in the state received a foreclosure filing in May. That’s below the national average, but high enough to rank Illinois 11th nationally.

Nevada again had the nation’s highest foreclosure rate — one in every 64 housing units, which is six times the national average.

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