Foreclosures
Aldermen Backing Ordinance To Protect Renters After Foreclosures
Several aldermen have joined community activists in calling for passage of a measure designed to prevent more buildings from becoming vacant.
South Suburban Company Transforms Foreclosures Into Rentals
Jim McClelland’s company has bought more than 1,000 foreclosed houses, renovated them and rented them out to new tenants.
October Foreclosures Rise 20 Percent In Illinois
New figures show October home foreclosures up nearly 20 percent in Illinois, compared with a year ago.
Home Foreclosures Taking Nearly Two Years In Illinois
It’s taking longer than ever for Chicago area lenders to work through the state’s backlog of home foreclosures.
Illinois Tops The Nation For Home Foreclosures
The state of Illinois now claims an unenviable distinction – it now leads the nation in home foreclosures.
Protesters March In Loop, Demand Freeze On Foreclosures
With just four days to go before the NATO Summit, protesters have already been making their presence known for three days.
Foreclosure Prevention Workshop Gets ‘Tremendous Response’
In Chicago, 97,000 homes were foreclosed last year – the second-highest foreclosure rate in the nation. Statewide, more than 103,000 homes had a foreclosure filing in 2011, the eighth-highest rate in the country.
Foreclosures Down From January, Up From Last Year
Home foreclosures in Illinois were down last month compared with January, but up significantly from the year before.
Illinois Ranked 7th Worst State For Foreclosures
Illinois has found its way onto the list of the top 10 states with the highest foreclosure rates.
Singer R. Kelly’s Olympia Fields Home On Market For $1.6 Million
Chicago-born singer R-Kelly’s suburban home is on the market following a foreclosure suit this summer.
Illinois Home Foreclosures Rise Nearly 10 Percent In October
Illinois home foreclosure activity rose 9.7 percent in October compared to the previous month.
Report: Foreclosed Homes Account For A Third Of All Sales
The latest figures from RealtyTrac show that in Illinois and nationwide, foreclosed homes now account for about a third of all home sales.
Emanuel Announces Program To Curb Damage Done By Foreclosures
Mayor Rahm Emanuel has revealed the second phase of the city’s assault on the home foreclosure crisis. First, Emanuel pushed through an ordinance making banks responsible for maintaining foreclosed properties. On Wednesday, he unveiled a strategy to keep those homes occupied.
New City Law: Banks Must Secure, Maintain Properties They Seize
A new Chicago law is supposed to force banks to secure and maintain buildings the day foreclosure papers are filed. A Chicago organization is focusing on a major financial institution, CBS 2′s Dana Kozlov reports.
Ordinance Holds Banks Responsible For Maintaining Vacant Buildings
The City Council on Thursday passed an ordinance that holds banks responsible for maintaining properties once they have foreclosed upon them and left them vacant.
Community, Government Leaders To Discuss Foreclosure Crisis
Community and government leaders and others are holding a summit meeting today on the foreclosure crisis in the Chicago area.
Foreclosures Down, But Housing Market Isn’t Recovering
Home foreclosures in Illinois and nationally dropped nearly 30 percent in the first half of this year. But the experts say it’s not because of an improving housing market.
Emanuel Backs Ordinance Requiring Upkeep Of Vacant Buildings
Mayor Rahm Emanuel on Wednesday threw his support behind a long-stalled measure that would force banks and other lenders to maintain the properties on which they foreclose.
Why Foreclosures Are Causing Mosquito Spike
You may want to blame the economy if your house is swarmed by mosquitoes.
Bill On Governor’s Desk Would Hasten Foreclosures
A bill making foreclosures quicker and easier for banks is on Gov. Pat Quinn’s desk. Critics say it will give homeowners less opportunities to save their properties.
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