Illinois foreclosures down 27% in 2013

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Foreclosures in Illinois were down 27 percent last year compared with 2012, but our state still ranked third highest in the nation.

RealtyTrac.com reports 99,666 Illinois properties had at least one foreclosure filing in 2013, giving the state a foreclosure rate of 1.89 percent. Only Florida and Nevada had higher rates in 2013.

Among metro areas, Rockford ranked eighth (2.59%) and Chicago ranked 11th (2.4%) nationally.

The counties of Will, McHenry, Kendall, Kane and Lake had the highest foreclosure rates statewide in December, the housing data company reported.

h/t ChicagoRealEstateDaily.com

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