Foreclosure Research - Research
This report summarizes some of the successes of the work of the organizations that participated in the Regional Housing Partnership (RHP), which was supported by the Chicago Community Trust.
This report examines the development, implementation, and modification of the Circuit Court of Cook County Mortgage Foreclosure Mediation Program as it related to the court process for handling foreclosure cases to learn lessons that may be applied to address the negative impacts of the next crisis.
Presented by Spencer Cowan at the South Side Builders Association
This fact sheet summarizes the Unresolved Foreclosures: Patterns of Zombie Properties in Cook County report, which examines the extent to which mortgage servicers are filing for foreclosure and then not pursuing the case to resolution in different types of communities in Cook County, Illinois. The report defines a zombie property as a property with a foreclosure filing that has not been resolved for more than three years. Because neither the borrower nor the servicer has clear control of the property, neither has an incentive to assume responsibility for the property. Zombie properties, therefore, are likely to threaten neighborhood stability by being poorly maintained or blighted, especially in lower-income neighborhoods, The report concludes with recommendations to reduce the negative impact of zombie properties on communities in Cook County.
This white paper compiles the lessons from a discussion on scattered site rental strategies convened by the Chicago Community Trust and the Regional Home Ownership Preservation Initiative.
This fact sheet highlights findings and recommendations from "Struggling to Stay Afloat: Negative Equity in Communities of Color in the Chicago Six County Region." It finds that negative equity is disproportionately concentrated in the Chicago region’s African American, Latino, and majority minority neighborhoods, and that borrowers in communities of color have much lower equity than do borrowers in predominantly white communities.