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Illinois Foreclosure Rates Still On The Rise

Illinois Foreclosure Rates Still On The Rise

Home foreclosures in the Chicago suburbs and outer lying counties have risen sharply in the past three months, according to the Chicago Tribune. While home foreclosures within Cook County have decreased by five percent this financial quarter, "collar counties" like Will and Kane saw an increase in filings of at least 53% when compared to last year. The Woodstock Institute, a Chicago based economic research group, attributes the increase partly to the Illinois Homeowner Protection Act and the Home Affordable Modification Program. more ›

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