SPOTLIGHT ARTICLE 

Working the Foreclosure Market

Source:  Illinois REALTOR magazine, September 2007

Illinois foreclosure rate in July is one for every 930 homes. RealtyTrac's (www.realtytrac.com) July 2007 Foreclosure Market Report showed a total of 179,599 foreclosure filings (default notices, auction sale notices and bank reposessions) reported during the month, up 9 percent from the previous month and up 93 percent from July 2006. The national foreclosure rate was one foreclosure filing for every 693 households for the month. Illinois figures were down 3.91 from June 2007 and up 10.20 percent from July 2006.