Foreclosures

Chicago Teachers Union president Karen Lewis speaks about education reform at a City Club of Chicago luncheon. (Credit: CBS)

Lewis Points Finger At ‘Rich White People’ For School Problems

A day before the first set of school closings was set to begin, Chicago Teachers Union President Karen Lewis had some harsh words about how the Chicago Public Schools are funded and managed, blaming much of the district’s problems on racism.

CBS Chicago–06/19/2013

Home Foreclosure (Photo by Joe Raedle/Getty Images)

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.

WBBM Newsradio–02/13/2013

File Photo Of Foreclosure Sign (AP Photo)

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.

02/07/2013

October Foreclosures Rise 20 Percent In Illinois

New figures show October home foreclosures up nearly 20 percent in Illinois, compared with a year ago.

11/15/2012

Home for sale, file. (Scott Olson/Getty Images)

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.

10/11/2012

File Photo Of Foreclosure Sign (AP Photo)

Illinois Tops The Nation For Home Foreclosures

The state of Illinois now claims an unenviable distinction – it now leads the nation in home foreclosures.

WBBM Newsradio–09/13/2012

Occupy Chicago demonstrators march downtown to draw attention to the foreclosure crisis. (Credit: Mike Krauser/WBBM Newsradio)

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.

CBS Chicago–05/16/2012

File Photo Of Foreclosure Sign (AP Photo)

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.

03/31/2012

File Photo Of Foreclosure Sign (AP Photo)

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.

WBBM Newsradio–03/15/2012

File Photo Of Foreclosure Sign (AP Photo)

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.

WBBM Newsradio–02/16/2012

R. Kelly

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.

12/14/2011

Home for sale, file. (Scott Olson/Getty Images)

Illinois Home Foreclosures Rise Nearly 10 Percent In October

Illinois home foreclosure activity rose 9.7 percent in October compared to the previous month.

11/10/2011

File Photo Of Foreclosure Sign (AP Photo)

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.

WBBM Newsradio–08/25/2011

Mayor Rahm Emanuel announces  a new inititative to help revitalize neighborhoods. (Credit: Craig Dellimore/WBBM Newsradio)

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.

CBS Chicago–08/17/2011

A new city ordinance will obligate banks to secure and maintain abandoned properties they seize in foreclosures. (CBS)

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.

08/11/2011

Banks and other lenders would be forced to maintain vacant foreclosed buildings like these under a proposed ordinance backed by Mayor Rahm Emanuel. (Credit: CBS)

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.

CBS Chicago–07/28/2011

File Photo Of Foreclosure Sign (AP Photo)

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.

WBBM Newsradio–07/28/2011

Home Foreclosure (Photo by Joe Raedle/Getty Images)

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.

07/14/2011

Banks and other lenders would be forced to maintain vacant foreclosed buildings like these under a proposed ordinance backed by Mayor Rahm Emanuel. (Credit: CBS)

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.

CBS Chicago–07/06/2011

Mosquito file image (Getty Images)

Why Foreclosures Are Causing Mosquito Spike

You may want to blame the economy if your house is swarmed by mosquitoes.

CBS Chicago–06/30/2011

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