Chicago foreclosure rate third-highest among large metros in October

Chicago had the third-highest foreclosure rate among the 20 largest metropolitan areas in October, according to data just released by RealtyTrac. One in every 427 homes in Chicago had a foreclosure filing during October.

Chicago foreclosure activity fell for the 11th consecutive month on a year-over-year basis, but the metro area saw a 30 percent month-over-month jump in foreclosure starts.

The full report is available at RealtyTrac.