Foreclosures
Governor Blagojevich Renews Call for Foreclosure Protections for Illinois Homeowners
November 10, 2008 Posted by Illinois RealEstateRama
Governor Partners with Sen. Collins and Rep. Hamos to Introduce Foreclosure Moratorium of up to Three-months for Homeowners that Enter Counseling
CHICAGO, IL - November 10, 2008 - (RealEstateRama) — Standing with Ada Brown at the home she almost lost to an unaffordable adjustable rate mortgage, Governor Rod R. Blagojevich today renewed his call for legislation […]
Durbin Urges Federal Agencies to Use Newly Granted Powers to Prevent Foreclosures
October 6, 2008 Posted by Illinois RealEstateRama
WASHINGTON, D.C. - October 06, 2008 - (RealEstateRama) — United States Senator Dick Durbin (D-IL) sent a letter today asking the heads of the Federal Reserve, Federal Housing Finance Authority, Federal Deposit Insurance Corporation and the Secretary of the Treasury to aggressively and quickly work to minimize home mortgage foreclosures.
Illinois Attorney General Sues 14th Company for Mortgage Rescue Fraud
August 29, 2008 Posted by Illinois RealEstateRama
Madigan Alleges Florida Company Takes Advantage of Homeowners on the Verge of Losing their Homes to Foreclosure
Chicago, IL - August 29, 2008 - (RealEstateRama) — Illinois Attorney General Lisa Madigan today continued her aggressive legal fight against mortgage fraud by filing a lawsuit against a Clearwater, Fla., company which operates a rescue fraud scheme that […]
Businesses Honored for Contributions to Lower-Income Communities
August 20, 2008 Posted by Illinois RealEstateRama
Chicago, IL - August 20, 2008 - (RealEstateRama) —NeighborWorks® has announced the most generous contributors to its work in affordable housing, foreclosure intervention and community development for FY 2007. The organizations were presented with the annual NeighborWorks® Partner Awards at a ceremony in Chicago on August 19.
Madigan Bill Requires Lenders to Provide info to Help Struggling Homeowners Avoid Foreclosure
June 4, 2008 Posted by Illinois RealEstateRama
Legislation Headed to House Floor
Chicago – Attorney General Lisa Madigan, State Representative Marlow Colvin (D-33rd) and State Senator Jacqueline Collins (D-16th) have initiated new legislation to assist struggling homeowners to help save their homes.
Gov. Blagojevich Applauds Senate Committee Action on Landmark Homeowner Protection Legislation
April 23, 2008 Posted by Illinois RealEstateRama
New measure creates 60-day moratorium on foreclosure if families seek help
SPRINGFIELD – The Homeowner Protection Act, Senate Bill 1998, first announced by Governor Blagojevich last month and sponsored by Senator Jacqueline Collins (D-Chicago), cleared its first legislative obstacle earlier today when it was approved by the Senate Licensed Activities Committee.
Chicago Foreclosure Activity Up 8 Percent in February
April 7, 2008 Posted by Illinois RealEstateRama
Chicago Foreclosure Rate Second Highest Among Top 5 Metros
Illinois Foreclosure Activity Up 12 Percent
IRVINE, Calif. – March 28, 2008 — The eight-county Chicago metropolitan area reported 6,466 properties with foreclosure filings in February, an 8 percent increase from the previous month and a 20 percent increase from February 2007, according to the latest RealtyTrac U.S. […]
JACKSON AND DALEY STRESS FORECLOSURE PREVENTION IN CHICAGO
February 27, 2008 Posted by Illinois RealEstateRama
HUD Secretary and Mayor encourage at-risk homeowners to attend city’s “Borrower Outreach Day”
CHICAGO - Foreclosure does not have to be inevitable. That was the message from U.S. Housing and Urban Development Secretary Alphonso Jackson and Chicago Mayor Richard Daley today as they encouraged residents to attend a city-sponsored “Borrower Outreach Day.” Jackson and Daley visited […]
Credit Crunch Shifts Emphasis to Top-Notch Management Skills for Driving Commercial Property Values, Says IREM(R)
February 4, 2008 Posted by Illinois RealEstateRama
CHICAGO, Feb. 4 /PRNewswire-USNewswire/ — “As the sub-prime mortgage crisis depresses the commercial credit market, which until recently had fueled soaring real estate investment returns, emphasis now is shifting to improving operating results to drive property values,” said IREM(R) President Regina T. Mullins, CPM(R).
Bush/Paulson Plan is a Lump of Coal for Working Class Families
December 7, 2007 Posted by Illinois RealEstateRama
Chicago—The National Training and Information Center (NTIC) who released a study on Monday documenting new foreclosures in Chicago during the first half of 2007 says that the Bush Administration’s proposal does nothing to help families facing foreclosure right now.
New Illinois Law to Help Protect Homeowners From Foreclosures
November 7, 2007 Posted by Illinois RealEstateRama
AARP-Backed Law Will Toughen Standards for Mortgage Brokers Takes Aim at Consumer Protections from Predatory Loans
CHICAGO, Nov. 6 /PRNewswire-USNewswire/ — In the midst of the foreclosure crisis striking the nation, Illinois homeowners received some good news; Governor Rod Blagojevich has delivered a state law to help protect consumers from losing their homes.
Governor Blagojevich signs anti-predatory lending law, announces borrower outreach initiative to help fight foreclosures
November 5, 2007 Posted by Illinois RealEstateRama
Statewide ban on predatory mortgage products, counseling and face-to-face lenders’ meetings will help families keep their homes
SPRINGFIELD – As the nation’s foreclosure rate continues to rise, Governor Rod R. Blagojevich today took action to provide Illinois homeowners facing foreclosure with opportunities to meet directly with lenders, community housing counselors and local, state and federal housing […]