Foreclosure Research - Press

January 31, 2014
Thousands of Cook County residents are being haunted by their former homes. A recent study from the Woodstock Institute shows there are more than 11,700 “zombie properties,” or unresolved foreclosures, in the area, including 5,800 in Chicago.
January 28, 2014
Undead properties plague Cook County Illinois
January 22, 2014
Lower-income areas have the highest number of affected properties, study says
January 10, 2014
A new study by housing data provider RealtyTrac shows Illinois and Chicago remain particularly hard hit by the nation’s real estate crisis, with as many as a third of all homes considered “deeply underwater”.
Tags: foreclosures
December 2, 2013

Every six months, Dave McDowell rounds up a group of volunteers, hands them legal pads and pens, and sends them out to log the addresses of every vacant property they can find within a roughly three-square-mile area on Chicago’s Southwest Side.

November 12, 2013
Chicago's wealthy suburbs haven't escaped the housing cataclysm, leaving empty homes and town officials pondering how to address a problem many had regarded as one for grittier areas.
November 8, 2013
Since the collapse of the housing market and onset of the foreclosure crisis, the idea of and public policies to support homeownership have been under attack.Six years into the crisis, the housing market continues to struggle, and many influential policymakers have made it their goal to...
November 4, 2013
The U.S. Senate blocked the confirmation of two of President Barack Obama's nominations Thursday.The nomination of U.S. Rep. Melvin Watt (D-NC, 12) was four votes shy of moving forward, with the Senate voting 56 to 42. Forty-one Republicans voted against Watt's nomination and just two voted...
November 3, 2013
The Senate’s role in presidential nominations is usually described as “advise and consent,” not “obstruct and prevent.” And yet, continuing their extreme break with past Senatorial traditions and practice, Senate Republicans rejected another Presidential nomination on...
October 31, 2013
Ever since the collapse of the housing bubble, local officials around the country have had to deal with a massive problem of homes effectively abandoned by banks and other absentee owners.With the direct and indirect costs of this neglect running into the billions of dollars, scores of cities and...
Tags: mel watt, fhfa
October 24, 2013
 Original story 
Tags: foreclosures
September 12, 2013
Forty years ago Aaron and Sylvia Scheinfeld decided to take action since they were unhappy with redlining, predatory lending, and inequality in access to credit and financial services that plagued the Chicago region.
September 4, 2013
A federal court decision dealt a serious blow last week to Chicago's ability to revitalize communities hit hard by the foreclosure crisis.
September 3, 2013
Helene Pearson’s belief in homeownership was shattered in Roseland, the mostly black Chicago neighborhood where President Barack Obama got his start as a community organizer.
August 21, 2013
Home sales up nearly 32% from last year
July 25, 2013
Vacant and foreclosed properties in Madison are likely to get a facelift in coming months.The City Council recently approved an ordinance to require financial institutions to inspect, secure and maintain abandoned properties. The measure will require banks, lenders and other financial...
June 28, 2013
For more than 3 years, I have provided compelling evidence that all the talk about a housing recovery is nonsensical.
Tags: foreclosures
June 9, 2013

ROGERS PARK — Maria Delores Calvillo never expected her house to be a stop on a city bus tour.

Her modest three-bedroom duplex isn't a celebrity's birthplace or the site of some historical event. But on Saturday, her home in Rogers Park was the final stop on a citywide tour of vacant and foreclosed homes, put together by several community groups trying to prevent foreclosures and evictions.

Tags: foreclosures
June 6, 2013
On most days, the abandoned café at the corner of 75th and Dorchester might as well be any other. In many neighborhoods on the South Side, foreclosed properties like this one aren’t exactly hard to find. Pick a block—almost any block—and you’ll find an empty home, a boarded-up storefront. Maybe both. Maybe more. It’s a story people have long been familiar with.
Tags: foreclosures
June 6, 2013
Homeowners in certain neighborhoods who lived around foreclosed homes owned by Wells Fargo and U.S. Bancorp knew the institutions were discriminating against them and their neighbors. Now they're getting some payback.
Tags: foreclosures
May 30, 2013
WASHINGTON (Legal Newsline) — More than a dozen housing and consumer advocates, in a letter to a federal judge last week, questioned whether homeowner relief given under the requirements of a nationwide mortgage settlement is being given fairly to borrowers in communities hardest hit by the...
May 23, 2013
Local home prices have stabilized, but one Chicago lender is courting homeowners bracing for another downturn, offering mortgages that come with protection against falling prices.  1st Advantage Mortgage, a subsidiary of Chicago-based Draper & Kramer Inc., debuted a loan this month...
May 23, 2013
The last thing many Chicago neighborhoods need is another abandoned building. Now that Chicago Public Schools is officially closing 50 schools, that means 42 buildings will be shuttered in June. Many dot areas of the city that are already grappling with poverty and seeking economic development...
May 20, 2013
B.J. Tregoning is the reason you can't buy a house right now. Well, not exactly. But homeowners like Mr. Tregoning and his family on the Northwest Side would rather wait for home prices to rise than sell now and take a loss on properties purchased before the market imploded. That mindset...
May 13, 2013
With the real estate market as shaky as it is, homeowners can't afford to deal with more problems. And yet there's always something that pops up –– whether its noisy neighbors or an unfortunately-placed sinkhole. We've rounded up some of the biggest threats to the...
May 1, 2013
Last week Chicagoans joined a national protest action at the home of Federal Housing Finance Agency director Edward DeMarco, demanding his resignation.On Wednesday, President Obama responded to growing demands to replace DeMarco, naming U.S. Representative Mel Watt (D-NC) as his replacement.“...
April 16, 2013
If you’ve ever received a foreclosure notice or thought about walking away from your mortgage, you may think twice after you watch this story. If you get hit with a foreclosure notice, do not assume that you have to leave your home right away. In Illinois, the process could take up to two years to...
March 27, 2013
When it comes to mortgage loan approval rates, a new study says that women are rejected more often than men. Chicago-based Woodstock Institute found that women were 24% more likely to be rejected for a first mortgage loan and 39% less likely to be approved for a refinance. The study was based on 58...
March 26, 2013
In the sharpest criticism he's received since returning to work, a Chicago civic and research group is ripping U.S. Sen. Mark Kirk, R-Ill., over his opposition to President Barack Obama's pick to head the Consumer Financial Protection Bureau. “There's no two ways around it: A vote against (Richard...

Pages