2012-09-18ritholtz.com

``Illinois, Florida, California post highest state foreclosure rates Illinois posted the nation's highest state foreclosure rate in August thanks to a 29 percent jump in overall foreclosure activity from the previous month. A total of 17,781 Illinois properties had a foreclosure filing in August, one in every 298 housing units and an increase of 42 percent from August 2011. Illinois foreclosure activity was up across the board -- foreclosure starts increased 18 percent annually, scheduled foreclosure auctions were up 116 percent annually, and bank repossessions were up 41 percent annually. August marked the eighth consecutive month where Illinois foreclosure activity increased on a year-over-year basis.

Florida foreclosure activit in August increased on a year-over-year basis for the seventh time in the last eight months, helping the state post the nations' second highest foreclosure rate: one in every 328 housing units with a foreclosure filing. Florida foreclosure starts increased 26 percent annually while scheduled foreclosure auctions were up 4 percent and bank repossessions were up 12 percent.''


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