November

Blog Posts in November, 2011

  • A recent analysis of Chicago foreclosure statistics found that foreclosure proceedings are taking an unusually long time to complete - almost a year on average. The Woodstock Institute, a Chicago-based research and policy non-profit organization, ...
  • Foreclosure Crisis Only Half Over

    According to a study by Center for Responsible Lending, we are likely only halfway through the foreclosure crisis. Based on the Center's numbers, 6.4% of loans made between 2004-2008 have ended in foreclosure so far. That represents 2.7 million ...
  • Late Mortgage Payments On The Rise

    Although market observers had initially predicted that the third quarter of 2011 would end with a decrease in mortgage delinquencies, the number of mortgages 60 days past due or more increased. This is the first time the rate of mortgage ...
  • Illinois' Right to Redemption During Foreclosure

    Illinois is still suffering from the worst housing market crisis in history; in fact, areas of Chicago are still experiencing a record number of foreclosures. Many homeowners feel helpless and trapped as they struggle to make mortgage payments - ...