Foreclosures

Foreclosures

Madigan Bill Requires Lenders to Provide info to Help Struggling Homeowners Avoid Foreclosure

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...

Gov. Blagojevich Applauds Senate Committee Action on Landmark Homeowner Protection Legislation

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...

Chicago Foreclosure Activity Up 8 Percent in February

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...

JACKSON AND DALEY STRESS FORECLOSURE PREVENTION IN CHICAGO

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...

Credit Crunch Shifts Emphasis to Top-Notch Management Skills for Driving Commercial Property Values, Says...

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...

Bush/Paulson Plan is a Lump of Coal for Working Class Families

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...

New Illinois Law to Help Protect Homeowners From Foreclosures

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...

Governor Blagojevich signs anti-predatory lending law, announces borrower outreach initiative to help fight foreclosures

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...

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Investigation by CHA and HUD Inspectors General ends with guilty plea...

The Chicago Housing Authority will receive restitution for money stolen by a former contractor and her husband after the pair pleaded guilty to stealing funds intended for the Housing Choice Voucher (HCV) program, a crime that was exposed following an investigation by the CHA’s Office of the Inspector General.

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CHA’s outstanding work in Section 3 program prompts HUD to waive...

The U.S. Department of Housing and Urban Development (HUD) has waived the final year of a five-year agreement with the Chicago Housing Authority because of the agency’s outstanding performance and commitment to enhancing the Section 3 program that provides job and contracting opportunities to public housing residents.