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HomeIllinois NewsIllinois leads the nation in foreclosures in 2022

Illinois leads the nation in foreclosures in 2022




Illinois homeowners are most likely in the nation to be in foreclosure. The looming $2,100 property tax hike from Amendment 1 would make housing even more unaffordable.

Illinois experienced over 14,000 foreclosures in the first six months of 2022, the highest rate in the nation.

One in every 385 housing units – or about 0.26% of homes – either received a default notice, had an auction scheduled or was repossessed by the bank. Instances of foreclosures in Illinois have nearly tripled from last year and are up 12% from two years ago.



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