7am News, Sports and Obits

Latest WGIL news
Click to play or
Right click and "Save Target As" to download
Click for Galesburg, Illinois Forecast
Home - Cancellations - Community Events - Contact Us - Mornings - News - Obituaries - Pictures - Programs - Special Events Audio - Sports - Weather
Foreclosures Up Across U.S. Metro Areas
LOS ANGELES (AP) -- The foreclosure crisis intensified in many large U.S. metropolitan areas this summer, with Chicago and Seattle seeing a sharp increase in foreclosure warnings.

RealtyTrac Inc. says eleven out of the nation's 20 largest metropolitan areas saw foreclosure activity increase in the third quarter compared to the same period last year.

The Seattle-Tacoma-Bellevue metro area registered the sharpest annual increase at 71 percent.

The Chicago-Naperville-Joliet metropolitan area posted the second-highest annual jump, a 35 percent increase. That means one in every 84 households received a foreclosure notice.

Chicago also had the third highest number of homes repossessed by lenders during the quarter with 12,568. RealtyTrac says that puts Chicago behind the Phoenix metro area's 14,317 and the Miami metro area's 12,963.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
10 27 10 by Newsroom
News management powered by Xpression News

Click here for the WGIL News Archive

Click here for national news

The following provision applies to all visitors (which shall include persons and representatives of legal entities, whether such representatives are persons or digital engines of a kind that crawls, indexes, scrapes, copies, stores or transmits digital content). By accessing this Web site or digital service, you specifically acknowledge and agree that: (i) Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium; (ii) No Associated Press materials nor any portion thereof may be stored in a computer except for personal and non-commercial use; (iii) The Associated Press will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing; (iv) The Associated Press is an intended third party beneficiary of these terms and conditions and it may exercise all rights and remedies available to it; and (v) The Associated Press reserves the right to audit possible unauthorized commercial use of AP materials or any portion thereof at any time.