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Chicago Foreclosures

Report: Vacant Buildings Ordinance Nets City $600K In Bank Fines

Posted 05.03.2012 | Chicago

An ordinance approved last fall by the Chicago City Council that required financial institutions to maintain and secure foreclosed, vacant homes in th...

Why Is It Tough To Stabilize Chicago's Neighborhoods?

WBEZ | By: Ashley Gross | Posted 06.09.2012 | Chicago

Banks filed foreclosure on fewer homes in Chicago last year, so it's easy to think the problem is fading. But five years into the crisis, a lot of nei...

The Chicago Region's Vacant Property Problem: A Data Snapshot

Dory Rand | Posted 03.25.2012 | Chicago
Dory Rand

Just how serious is the vacant property problem in the Chicago region? A look at the data can give us a sense of the scope of the challenges our communities face.

Feds Defend Mortgage Giants In Suit Against Chicago

The Huffington Post | Jen Sabella | Posted 12.15.2011 | Chicago

This summer, residents and community organizers called on Chicago's City Council to do something about the vacant, foreclosed properties that were bec...

Upholding The Promise Of Government

Will Guzzardi | Posted 10.24.2011 | Chicago
Will Guzzardi

Every day, as I talk to people in the 39th District, I'm reminded that we all share the same concerns about the way things look these days. It's those shared concerns that I will advocate for every day.

Can Emanuel Plan Help Chicago Communities Torn Apart By Foreclosures?

Posted 10.17.2011 | Chicago

A new recovery program will rely on community groups to identify viable foreclosed properties in nine Chicago neighborhoods hard-hit by the foreclosur...

Will Guzzardi

'Banks Got Bailed Out, We Got Sold Out'

HuffingtonPost.com | Will Guzzardi | Posted 10.10.2011 | Chicago

Marsha Godard is an outspoken, 52-year-old woman from the Lawndale neighborhood on Chicago's West Side and a customer at Bank of America. On the morni...

Five Protesters Arrested For Trying To Fend Off Eviction Of Single Mom

Posted 10.01.2011 | Chicago

Five protesters from a Chicago-based foreclosure fighting group -- including its spokeswoman, who is six months pregnant -- were arrested in the west ...

Chicago Has Most Foreclosed Homes Of Any City In America

Chicago News Cooperative | Posted 09.07.2011 | Chicago

Although it never shared the notoriety of Miami, Los Angeles and Phoenix during America's foreclosure crisis, the Chicago area now has the nation's la...

In the Wake of the Recession, Bankruptcies Hit Women, Communities of Color Hard

Dory Rand | Posted 07.06.2011 | Chicago
Dory Rand

Every year in Cook County, thousands of women are facing tough choices and making the difficult decision to declare bankruptcy, a decision that has the potential to dramatically change someone's life.

Will Guzzardi

Giving Back: How You And The Chicago Community Can Help Struggling Families

HuffingtonPost.com | Will Guzzardi | Posted 05.25.2011 | Chicago

Today, as HuffPost and AOL unite to launch the Huffington Post Media Group, we're celebrating by making a statement about the importance of giving bac...

Foreclosures Surge In Cook County: 2010 Could Be Worst Ever

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Elizabeth Cabral-Arreola vacillates between resignation and nervous chatter about the accumulation of problems -- ill health, bad luck and some regret...

HOUSING NIGHTMARES: Cities With Highest Foreclosure Rates In The Nation

Posted 05.25.2011 | Business

LOS ANGELES (BY ALEX VEIGA, AP) -- ; The foreclosure crisis intensified across a majority of large U.S. metropolitan areas this summer, with Chicago a...

Allerton Hotel Faces Foreclosure: Downtown Hotel 'Tapped Out'

Crain's Chicago Business | This Week's in Other News | Posted 05.25.2011 | Chicago

After loading up on debt near the top of the market, the owner of the landmark Allerton Hotel is all tapped out at the bottom. A joint venture led ...

Illinois Foreclosures Jump: Filings Up 38 Percent From 2009

Chicago Sun-Times | Posted 05.25.2011 | Chicago

The number of homes hit with foreclosure filings in Illinois spiked 38.3 percent in April from a year earlier and 32.9 percent from March, according t...

Chicago Foreclosures: Rentals Hit Harder Than Single-Family Homes

Chicago Sun-Times | Posted 05.25.2011 | Chicago

More than 125 multi-family buildings in Chicago went into foreclosure each week last year, according to a new report that showed Chicago renters were ...

Bank Of America Accused Of Neglecting West Side Residents Facing Foreclosure

HuffPost Eyes&Ears Local | Kelsey Duckett | Posted 05.25.2011 | Chicago

This story was originally published on AustinTalks, a community news site featuring in-depth coverage of Austin, Chicago's largest neighborhood locate...

Illinois Legislature Passes Bill to Protect Homeowners

Samantha M. Tuttle | Posted 05.25.2011 | Chicago
Samantha M. Tuttle

Homes are being lost to foreclosure even while homeowners are still trying to modify their loans under the federal the Home Affordable Modification Program, in violation of the program.

Ald. Mell: Abandoned Chicago Buildings Are 'The Same Type Of Disaster' As Gulf Oil Spill

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Foreclosed and abandoned Chicago buildings are "the same type of disaster as the BP oil slick" in Louisiana, a Northwest Side alderman said today, dem...

Mayor Daley: What Can We Do For The 'Forgotten' Middle Class?

Posted 05.25.2011 | Chicago

Chicagoans have been badly beaten by the recession. With thousands of workers out of jobs and foreclosures still on the rise, Mayor Daley decided to r...

Chicago Foreclosure Report Paints Dismal Picture: Foreclosures Up 16 Percent In 2009, Unemployment Forcing People Out Of Their Homes

Posted 05.25.2011 | Chicago

On Monday, a non-profit organization that has been researching foreclosure trends in Chicago released a report that painted a dismal picture for Chica...

City Officials Call On Bankers To Testify About Foreclosure Mess

Progress Illinois | Posted 05.25.2011 | Chicago

Ald. Ray Suarez (31st Ward) and State Sen. Iris Martinez (D-Chicago) called a joint meeting in Chicago on Monday to pressure the banks to do a better ...

Cook County Foreclosure Filings Down Almost 10% In August

Chicago Sun-Times | FRANCINE KNOWLES | Posted 05.25.2011 | Chicago

Foreclosure filings in Cook County dropped 9.5 percent in August from a year ago and plummeted 32 percent from July, according to a report from Realty...

Foreclosed Homeowners Are Owed $18M In Mortgage Surplus Money: Clerk

ABC7 Chicago | Posted 05.25.2011 | Chicago

Cook County Circuit Court Clerk Dorothy Brown says her office has found more than $18 million in mortgage surplus money that belongs to people who los...

1 In 59 Chicago Area Homes In Foreclosure

AP | Posted 05.25.2011 | Chicago

CHICAGO (AP) -- The Chicago-Naperville-Joliet metropolitan area had the highest home foreclosure rate in Illinois for the first half of the year. A r...