Marilyn Kennedy Melia Special to the Chicago Tribune August 31, 2008 Just as the steepest retail discounts carry the caveat "no returns," some housing bargains are "final sale." Homes that have been foreclosed or languished on the market are...
EST Vittorio Hernandez AHN News Writer August 22, 2008 8:12 a.m. Chicago, IL (AHN) – Mortgage lenders are ending up with more white elephants on their hands as auctions in the Chicago area fail to dispose foreclosed properties. With...
Natalie Moore Friday, August 15, 2008 Englewood has one of the highest foreclosure rates in Chicago. So it may come as a surprise that one local developer is going out on a limb by marketing a new property...
Emily Flitter August 13, 2008 WASHINGTON – New laws and regulations designed to reform the mortgage brokerage industry missed at least two key problems, according to industry observers. Federal and state policymakers’ efforts "fall short of what is needed,"...
publicmeeting_august2008_CILAprinciples.PDFWritten testimony outlining the five key principles of the Monsignor Egan Campaign for Payday Loan Reform presented to a working group on Short-Term Installment Lending sponsored by State Representative Julie Hamos.
Mary Ellen Podmolik Chicago Tribune reporter August 24, 2008 Cece Edwards and her Chatham neighbors pride themselves on caring for their homes, but their block just doesn’t look like it once did. Three residences are abandoned. Neighbors take turns...
Chicago Sun-Times Blog Friday, August 22, 2008 One of the venues where real estate buyers and investors can grab the chance to enjoy considerable savings is at foreclosure auctions. Most of the time, lenders are able to unload their...
FOR IMMEDIATE RELEASE Thursday, August 21, 2008 Contact: Geoff Smith, Vice President, 312-368-0310 Investors Shun Chicago Region Foreclosure Auctions, Says New Report Huge inventory of foreclosed properties and fewer bidders means lenders on the hook for billions in...
Becky Yerak Chicago Tribune reporter August 21, 2008 The number of vacant eyesore homes in your neighborhood could be on the rise. The reason: At auctions, the last legal step in the home foreclosure process, a growing share are...
Becky Yerak Tribune Reporter August 27, 2008 Foreclosure fallout: Renters are likely being hurt by a growing share of foreclosures ending up back in the laps of lenders and headed for auction. A new Woodstock Institute study shows that...