20,000 foreclosures filed in Ill. in Nov.

December 13, 2009 7:26:23 AM PST
Illinois ranks third in the nation in foreclosures based on a report by Realty Trac. Nearly 20,000 filings were reported last month. November was the highest monthly total for Illinois since January 2005.

Experts blame high risk mortgages, negative equity, and high employment. Number one and two on the list were California and Florida.