One in every 445 Madison County households and one in every 484 St. Clair County households are in some stage of foreclosure, according to the website Realtytrac.com which provides foreclosure statistics nationwide.
The site indicated that for the month of August, there were 263 new foreclosure filings in Madison County and 240 new foreclosure filings in St. Clair County.
Citing Realtytrac.com figures, the Associated Press reported that Illinois had the highest foreclosure rate in the nation in August, a rate of one in every 298 households.
In the Chicago area last month:
- Cook County: There were 9,087 new foreclosures with a ratio of one in every 240 households;
- Lake County: There were 1,501 new foreclosures with a ratio of one in every 173 households; and
- Will County: There were 1,208 new foreclosures with a ratio of one in every 197 households.