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Illinois Quarter Three Foreclosures Up 31% Over 2011

Illinois' third-quarter home foreclosure activity rose 31% compared to the same period last year.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 42,176 foreclosure filings from July through September. That represents one in every 126 housing units - the fourth-highest rate in the nation.

That rate is almost 4% higher than in the second quarter of this year. On a monthly basis, Illinois foreclosures dropped 20% in September compared to August.

Filings include default notices, auction-sale notices and bank repossessions.

Florida had the nation's highest third-quarter foreclosure rate - one in every 117 housing units. Arizona and California also have foreclosure rates higher than Illinois.

Nationally, third-quarter foreclosure activity fell 13% compared to 2011.

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