According to a new report from Chicago Crain 12,681 homeowners in Illinois have received a foreclosure-notice last month. This represents one (1) foreclosure notice for every 410 homeowner. According to Realty Track figures, Illinois is ranked as the ninth (9) highest among other states. Other states in the top 10 were California, Colorado, Georgia, Michigan, New Jersey, and Ohio. The Top three states are -Nevada, Arizona, and Florida.

With Wednesdays news by Treasury Secretary Paulson  stating that the Fed does not intend to use the TARP money to buy risky  mortgage assets it is the opinion of this writer that the housing market will continue to suffer until a new administration can come in with a new plan.