By Fabiola Pomareda November 30, 2008   "La idea es que la gente sepa cuáles son sus opciones cuando les empiecen a llegar las cartas", dijo William Smirniotis, del Programa para Dueños de Casa de la Illinois Housing Development...

By Kirsten Srinavasan November 30, 2008   Months after a $700 million federal bailout package was approved, local municipal officials say the foreclosure crisis doesn’t seem to be getting any better. It’s frustrating watching the news about the bailout...

November 24, 2008   Julia Zhanay y su familia cuentan que su propiedad se encuentra "en la cuerda floja". Es por eso que el pasado fin de semana, Zhanay, de 41 años, junto a docenas de personas, asistieron a...

By Dennis Rodkin  November 19, 2008   Two recent reports from expert analysts of the Chicago housing scene shed new light on the impact of the recent troubles affecting the local residential real-estate market. One report shows that renters...

  By Geoff Smith and Sarah Duda Woodstock Institute previously reported that the number of foreclosed properties reverting to bank ownership, or becoming Real Estate Owned (REO), in the Chicago region increased dramatically between 2005 and 2007.i These types...

By Tasha Flournoy November 11, 2008 Citigroup announced today a moratorium on some home foreclosures. The news comes as foreclosures in the Chicago region continue to skyrocket. Over the next 6 months, Citigroup plans to reach out to a...

By Angela Caputo November 3, 2008   Long before the mortgage meltdown, renters were struggling to secure affordable housing in a Chicago market turned upside down by years of gentrification. A faltering economy has only intensified this challenge. And...