Explore our content

All types | All dates | All authors
robo-signing
Quick Hit
by Matthew Blake
2:45pm
Thu Aug 16, 2012

Foreclosures Surge In Several South Side Communities

Foreclosure filings increased by exactly one percent in the city of Chicago between the first six months of 2011 and first half of 2012, according to data compiled by the Woodstock Institute. But the jump in foreclosures was more dramatic in a handful of struggling, mostly black neighborhoods on the South Side.

Filings in West Pullman were up 58.7 percent from 155 to 246 in the first half of this year compared to 2011. The number of foreclosures jumped in Englewood 24.1 percent from 141 to 175 and climbed in Calumet Heights 54 percent from 50 to 77. Read more »

Quick Hit
by Steven Ross Johnson
12:53pm
Mon Aug 13, 2012

Cook County Residents Ask Preckwinkle, Dart For Foreclosure Eviction Moratorium (VIDEO)

Homeowners and tenants frustrated by the impending threat of foreclosure called on county leaders to put in place a one year-stay on evictions.

Cook County Board President Toni Preckwinkle along with Cook County Sheriff Thomas Dart met with a crowd of more than 100 residents at a community meeting held Thursday on the city's near West Side.  Organizers said the event was intended to give individuals the opportunity to tell officials their own experiences with facing the threat of losing their homes, and to explain how delaying the eviction process could provide some with much-needed — albeit temporary — relief.

Read more »

Quick Hit
by Matthew Blake
2:56pm
Fri Aug 10, 2012

Housing Advocates Converge Against FHFA Head DeMarco

Housing advocates in Chicago and across the country have begun to channel their frustration with the sprawling foreclosure crisis toward one man: Ed DeMarco (pictured), acting director of the Federal Housing Finance Agency (FHFA).

The National Community Reinvestment Coalition (NCRC), which includes several Chicago groups, fired off a letter yesterday to President Barack Obama demanding that he make a recess appointment for a new FHFA director. Meanwhile, the Chicago area foreclosure rate is on the rise. Read more »