CHICAGO
11/23/2008 05:12 am ET Updated May 25, 2011

Nearly 1 In 500 Homes Under Foreclosure In Illinois

One in 510 homes in Illinois were in some stage of foreclosure in September, a slight improvement from August but almost 24 percent higher than in a year earlier, according to data by RealtyTrac.

During the month, 5,863 homeowners got the first notices that they were in default on their mortgages, and lenders owned almost 3,400 homes that had been foreclosed, the data shows. Compared with the third quarter of 2007, Illinois foreclosures were up 49.55 percent.

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