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July 26, 2008

Foreclosure Filings Increase

It’s not a surprise that Chicago is seeing the number of foreclosures on the rise. What is a surprise is the rate at which they are increasing. Second quarter comparative data was release yesterday: Illinois’ foreclosure rate ranked it No. 10 in the country, with one foreclosure for every 193 households in the state. That marked a 16 percent increase from the previous quarter and a 58

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