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Foreclosure Filings Jump in 2008

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Foreclosure Filings Jump in 2008

From RealtyTrac

A new report says nearly 1 in 50 homes in Illinois received a foreclosure notice in 2008.

According to Realty Trac, a group that tracks foreclosures, about 1 point 8 percent of homes nationwide received a foreclosure filing last year….including default notices, auction sale notices and bank repossessions.

Illinois’s percentage was a touch higher than the national average and the ninth highest in the country. Nevada topped the list. There, more than 7 percent of homes received a foreclosure filing last year.

2008’s foreclosure filing totals were well over 2007’s. Nationwide, the total number of filings rose by about 80 percent. Notices in Illinois jumped by nearly 55 percent.

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