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Home Loans

File Photo Of Foreclosure Sign (AP Photo)

Survive This Economy: Refinancing Your Home Loan

A recent survey reveals that nearly a third of Chicago area homeowners are still underwater – meaning they owe more money on their mortgage than their home is worth. CBS 2’s Dorothy Tucker reports, even if you don’t have equity in your home, there is help available if you want to refinance your home loan.

CBS 2–08/21/2012

Home Foreclosure (Photo by Joe Raedle/Getty Images)

Illinois Homeowners To Get $1B From Mortgage Settlement

As part of a $25 billion nationwide settlement with the country’s five largest banks, struggling Illinois homeowners are expected to get about $1 billion to settle allegations of fraudulent and improper foreclosure practices.

CBS Chicago–02/09/2012