October

Blog Posts in October, 2011

  • Walking Away Without Liability

    Don't be fooled by people who say that you can just walk away from a mortgage. While that may be a great plan in non-recourse states like California, Illinois homeowners may want to think twice before moving out and mailing their housekeys to ...
  • ProPublica: Who's Who of The Financial Crisis

    ProPublica has published a handy cheat sheet that outlines the people responsible for the financial crisis and what, if anything, has happened to them. On the whole, not much has been done to the major players in the financial crisis. Banks that ...
  • Chicago's City Council recently toned down the language of its abandoned building ordinance. As originally drafted, the ordinance would have considered mortgage lenders and servicers the owner of a property in foreclosure, even if a judicial sale ...
  • Zombie Mortgages Are "Back"

    The housing crash and foreclosure crisis news cycle doesn't move as quickly as the typical 24-hour news cycle, but it does have the same effect of burying relevant concerns when a new scandal or lawsuit breaks. Case in point: zombie mortgages. ...
  • NYT: Foreclosures Are Killing Us

    According to a study published by the National Bureau of Economic Research, foreclosures and health problems appear to be related. Does this mean that foreclosures themselves cause the health problems? The authors of the paper seem to think that ...