By Bob Uphues February 12, 2013 After experiencing a sharp increase in foreclosure filings during the first half of 2012, Riverside and Brookfield ended the year with the number of foreclosures slowing considerably. Through June 30, Riverside was socked...
By Kevin Wack February 11, 2013 The release of a long-awaited federal rule on housing discrimination is bad news for bankers who fear being targeted in fair-lending suits, according to lawyers who represent the defendants in those cases. The 83-page...
February 6, 2013 CHICAGO—The Chicago region saw the highest year-over-year growth in completed foreclosure auctions since the beginning of the foreclosure crisis, new 2012 data from Woodstock Institute show. Foreclosure auctions, which signal the completion of the foreclosure process,...
By Dory Rand February 8, 2013 New data from the Woodstock Institute show that completed foreclosure auctions in the Chicago area jumped to the highest level since the foreclosure crisis began in 2006. The newly released fact sheet shows...
By Ashlee Rezin February 7, 2013 Chicago has not reached the other side of the foreclosure crisis, a new report from the Woodstock Institute has revealed. But with new ordinances like the Cook County Land Bank Authority, the Windy...
Chicago area housing prices are not rising as fast as they are in other parts of the country; in some neighborhoods prices are not rising at all. Growing numbers of completed foreclosures continue to add vacant homes to...
Each year, the payday loan industry rakes in billions of dollars issuing loans with interest rates that can exceed 400 percent APR. Even worse, payday lenders have been found to prey disproportionately on communities of color and low-wealth families....
By Cal Skinner McHenry County Blog The Woodstock Institute, based in Chicago, has analyzed mortgage foreclosures and foreclosure auctions in the metropolitan area and released the results. The number of real estate auctions in McHenry County doubled. Most–90%–were...
By Mary Ellen Podmolik February 6, 2013 More than 35,000 homes and small multifamily buildings in the Chicago area completed the foreclosure process last year, the highest number since the housing crisis began, and the vast majority of...
Download the report Register for our briefing on 2012 foreclosure trends The vast majority of properties sold at auction become lender-owned, or real estate owned (REO), and are likely vacant. In 2012, 91.2 percent of auctions...