Foreclosure Research - Press
By Maureen Foertsch McKinney
Tristian Ellis’ test scores in reading and math dropped dramatically this fall from last. The difference: the Ellis family had its own apartment last year. Now, the family of four stays in a shelter on Chicago’s far north side.
By Dan Weissman
Homes that are underwater — mortgaged for more than they’re worth — represent a much smaller fraction of the housing market than they did a few years ago, according to a new report from RealtyTrac, a real estate data company. However, some parts of the country are doing much better than others.
By James Fuller
The millions lost by expelling federal inmates from Kane County jail can all be balanced out with corresponding expense cuts, according to Kane County Sheriff Don Kramer. But he's still going to need an additional $800,000 to stay out of the red this year.
By Cara Ball
James Woods is enjoying the renovations recently made to his Austin home.
The 45-year resident of Austin was one of dozens of West Siders whose homes got special attention April 25 from Rebuilding Together Metro Chicago, a volunteer organization that works to revitalize low-income housing and communities.
By John Gamino
322 South Laflin is a brick, two-story apartment building with broken windows and an unlocked front door. It wouldn’t look inhabited save for a few bottles of shampoo visible in one of the windows of the upper floor. It completed foreclosure in June of last year, when, like most foreclosures, it was sold back to the mortgage lender, Selene Finance LP.
By Teresa Puente
From an antique mall on the far North Side’s Edgewater to Mexican restaurants in the Lower West Side’s Pilsen and homes on the SouthSide’s Marquette Park, where the Rev. Martin Luther King Jr. once marched for housing justice, there are “Chuy” signs.
By Shawn Davis
RSI started running three foreclosure mediation programs in 2014, which means we’ve spent a lot of time over the last year thinking about how to make mediation services more accessible and increase program usage rates. Such issues can be a challenge and often require creativity, especially with limited resources. Here’s what we’ve learned:
By Alana Semuels
CHICAGO—When he moved back to Chicago after being away for 15 years, Maurice Samuels, 40, never thought he’d live in Woodlawn. He grew up in the area on the South Side of Chicago, and remembered its deterioration well. When he left in his twenties, Woodlawn "used to be run down," he said. There were vacant homes and walking around, he said, you didn't feel safe.
By Amie Schaenzer
As the Chicago area continues to dig itself out from a housing crisis that has hit the suburbs hard in recent years, the first half of 2014 did bring some good news.
By Jessica Wenck
Imagine coming home from work one day to a note on your front door saying your home was no longer yours because it had gone into foreclosure.
By Michael Romain
The detrimental effects of foreclosed properties in neighborhoods is well-documented. They often drag down the real and assessed values of properties within their vicinity; they put a strain on municipal budgets in various ways, such as the necessity of extra policing and upkeep; and they taint a community’s overall appeal.
By Ellyn Fortino
Chicago's six-county region recorded 13,916 new foreclosure filings in the first half of 2014, a nearly 38 percent drop from a year ago and the lowest level reached since 2007, according to a report by the Woodstock Institute.
By Steven Jack
Foreclosures in the Chicago area continue to decline, according to newly released real estate research that indicates foreclosure filings in the first half of 2014 decreased nearly 40 percent from the same time one year ago.
By Robin Amer
When James Kpoto bought his house in Minneapolis’ Jordan neighborhood in 2001, he knew he had made a terrible mistake. He moved to the 2300 block of Ilion Avenue North at the advice of his uncle, also an immigrant from Liberia. But his uncle didn’t tell him how bad crime was there — worse than in most other areas according to police data.
“There were shootings and killings almost every day,” Kpoto recalls. “It was scary.”
By Brian Honea
The number of foreclosure filings in a six-county region in Illinois that includes Chicago dropped by nearly 38 percent from the first half of 2013 to the first half of 2014, falling to its lowest level since 2007, according to data released by the Woodstock Institute on September 4.
By Mary Ellen Podmolik
Initial foreclosure filings during the first half of the year were at their lowest level in the Chicago area since 2007, new data shows, but getting homes through the process and out on the other side continues to slow the local housing market's recovery in some communities more than others.
By Steve Sadin
Lake County Circuit Judge Mitch Hoffman of Highland Park has been stemming the tide of foreclosure suits one home at a time, taking his message about the court’s Mortgage Foreclosure Mediation Program on the road.
Cook County is currently home to 55,000 vacant properties with 33,000 of them in Chicago alone.
A group of community organizers worked from the end of 2012 into the spring of 2013 cleaning out an abandoned two-flat at 4824 W. Van Buren St.