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Illinois Foreclosure Rate Rises 6%

Illinois' home foreclosure rate rose 6% in October compared to the previous month, and was 19% higher than in October of last year.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 14,899 foreclosure filings in October. That represents one in every 356 housing units - the third-highest rate in the nation.

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

Florida had the nation's highest October foreclosure rate - one in every 312 housing units - followed by Nevada, with one in every 352 housing units. Also in the top five were Arizona and California.

Nationally, October's foreclosure activity rose 3% from last month but fell 19% from October of 2011.

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