From Chicago Tribune
"Illinois and New Jersey trail only Florida as being the worst in the country, and they're getting worse," said Jay Brinkmann, the association's chief economist. "The rate in Illinois more than twice that of California. In the judicial states the problem continues to get worse in terms of the backlog of loans in the foreclosure process."
Added Miichael Fratantoni, the association's vice president of research and economics, "This is not a case that loans are entering foreclosure at a greater extent than in nonjudicial (states). It's that they're staying in foreclosure longer."
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