Affordable rental housing is a critical, but increasingly limited, resource throughout the Chicago region. As more families lose their homes to foreclosure, more families are in need of rental housing. Additionally, an increasing number of rental buildings are disappearing...

By Carolyn Rusin March 29, 2011 The number of foreclosures jumped last year in Palatine, according to a Chicago organization that tracks such data, with the vacancies traditionally affecting property values, sense of community and opening the door to...

By Darryl Holliday March 28, 2011 Owners of neglected and abandoned buildings in Chicago—many of which are the result of foreclosure—could face time in jail if the properties aren’t safely secured when left vacant, despite banks’ and third party...

Our latest research identified a phenomenon of vacant homes in the foreclosure process that are likely poorly maintained and have an unclear foreclosure outcome. Some of these homes may have ended up in this condition because their loan servicers...

By Micah Maidenberg March 22, 2011 One of the striking moments during a legislative hearing about home foreclosures that State Rep. Karen Yarbrough (D-Broadview) convened in Chicago yesterday occurred when panelists representing the banking industry took questions from the...

Dory Rand, President of Woodstock Institute, paraphrased the court’s ruling: “The plaintiff did not show irreparable injury would result from surrender of a PLRA or CILA license and there was no showing of a likelihood of success on the...

By Micah Maidenberg March 18, 2011 Foreclosures have hit Illinois hard. More than 151,304 properties across the state received a foreclosure notice in 2010, the fourth-highest total in the country and an increase of more than 15 percent over...

By Diana Olick March 18, 2011   CNBC’s Diana Olick takes a look at a new twist on foreclosure walkaways in Chicago. Apparently, banks are walking away from foreclosed properties, leaving them to be boarded up or bulldozed. Video...