Foreclosure Research - Press

May 10, 2010
By Sean Stillmaker May 10, 2010 There’s a blurry forecast for the Illinois housing market. Home sales have increased this first quarter, but so did home foreclosures. There was a 32 percent increase in March 2010 with 9,487 homes sold compared to the same period in 2009 with 7,142 sold, according...
May 7, 2010
By Ash-Har Quraishi May 7, 2010 Over that past few years, foreclosures have swept over the Chicago region. To stem this rising tide of board-ups, the city and the suburbs both applied for federal funding to rehabilitate foreclosed homes. However, the suburbs were denied foreclosure aid as Chicago...
May 7, 2010
By Juan-Pablo Velez May 7, 2010   When a federal housing agency asked dozens of suburban cities in the Chicago area to band together to request a share of a $2 billion federal fund to help renovate foreclosed homes, they did exactly that. But when the Department of Housing and Urban Development...
May 5, 2010
By Steve Hahn May 5, 2010 Empty houses are hard to survey, but that's the challenge facing census workers in the Chicago area, where foreclosures and vacancies are weighing down response rates. This isn't just a predicament for the U.S. Census Bureau, it's a problem for these communities and their...
May 3, 2010
By Angela Caputo May 3, 2010 Earlier this spring, we reported on the runaround that that Chicago-area homeowners have been getting from their lenders as they seek approval for mortgage modifications under the federal Home Affordable Modification Program. First, the setup: Through interviews with...
April 29, 2010
By Ashley Gross April 29, 2010 A new report shows a recent spike in foreclosed homes sold at auction in the Chicago region. The number of homes sold in foreclosure auctions jumped 56 percent in the Chicago area in the first quarter compared with last year. In Chicago, neighborhoods like Uptown and...
April 29, 2010
By Mary Ellen Podmolik April 29, 2010 More Chicago-area homeowners lost their homes to foreclosure in the first three months of the year than in any quarter in the past five years. This disturbing statistic raises doubts about the effectiveness of mortgage loan modification efforts and could put...
April 29, 2010
By Francine Knowles April 29, 2010 The number of Chicago metropolitan area homes lost to completed foreclosure auctions jumped 56 percent in the first quarter from a year earlier to the highest level since the beginning of the mortgage crisis in 2006. That is according to a Woodstock Institute...
April 7, 2010
By Micah MaidenbergApril 7, 2010 Three banks have filed foreclosure suits against Krzysztof Karbowski’s East Garfield Park and South Loop properties. The legal actions are part of a string of foreclosures banks have brought against Karbowski, a developer mostly active in Wicker Park and Bucktown,...
March 31, 2010
By Gloria Carr March 31, 2010 ELGIN -- Daniel Taylor worked for Chrysler for 27 years, had a family, had excellent credit, bought a house and never missed a house payment. Then he lost his job. Taylor has been getting unemployment, which just covers the mortgage and child support. He's been living...
March 22, 2010
By Jacquelyn RyanMarch 22, 2010 Justin Kawa is the new face of the depressed real estate market. The young marketing executive's two-bedroom condo in the upscale neighborhood of Lincoln Park, which he put on the market for $359,000 last month, is now offered at $349,000, and he may have to lower...
March 22, 2010
By Katherine Lucas-SmithMarch 22, 2010 “The borrowers werent risky so much as the loans were risky,” said Michael Calhoun, the president of the Center for Responsible Lending in offering a rebuttal to the argument that the foreclosure crisis was the result of government policies that allowed...
March 16, 2010
By Angela Caputo March 16, 2010   Clearly feeling the heat from their constituents, the Chicago City Council Housing Committee called bank officials down to City Hall yesterday to testify about the foreclosure mess. "Our problem is that we could lose our jobs because of you," Ald. Dick Mell (33rd...

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