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Thursday June 14th, 2012, 10:57am
Illinois foreclosure filings shot up 29 percent in May compared to the previous month and are 54 percent higher than May 2011, according to data provided by Irvine, California-based RealtyTrac. Illinois has the fifth-highest foreclosure rate nationally.
The discouraging month-by-month figures follow a relatively more encouraging report from the Chciago-based Woodstock Institute that foreclosure filings declined between the end of 2010 and 2011.
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