Illinois leads US in home foreclosures
Daren Blomquist, vice president of RealtyTrac, told Bloomberg’s Businessweek that foreclosure filings in Illinois will likely increase every month for the rest of 2012 and exceed the previous high set in 2009. “More Illinois homeowners are entering the foreclosure process, and more are losing their homes,” he said. “It’s going to get worse before it gets better.”
The region of Southern Illinois that I once lived in outside of St. Louis became chock full of what I came to call "Beanfield Subdivisions". And there was no shortage of the the above types to gobble up the housing produced along with all the trappings of debt serfdom homeownership.
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