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Illinois foreclosures rise 29 percent in May

Illinois home foreclosure activity rose 29 percent in May compared to the previous month and is 54 percent higher than May of 2011.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 16,318 foreclosure filings last month. Filings include default notices, auction-sale notices and bank repossessions.

Read more on Chicago Tribune.

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