A federal court filing indicates Jackson is closing on a home refinancing and will pay $550,000 through a wire transfer to U.S. Marshals by June 1. The court filing indicates that Jackson had already written a check to the feds for $200,000 last year.
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.