Durbin: New Report Shows Foreclosure Crisis Has Rising Impact on Middle Class

Foreclosures not limited to predatory lending as more homeowners are “underwater”. CHICAGO, IL - March 15, 2010 - (RealEstateRama) -- More homeowners across Chicago find themselves at risk of foreclosure as property values drop and families struggle with unemployment, U.S. Senator Dick Durbin (D-IL) said today at a news conference to release National People’s Action’s 2009 Chicago Foreclosure Report.

Durbin Discusses Next Steps to Address Foreclosure Crisis

CHICAGO, IL - September 3, 2009 - (RealEstateRama) -- U.S. Senator Dick Durbin (D-IL) today met with members of the Southwest Organizing Project (SWOP) to discuss the state of the foreclosure crisis on Chicago’s southwest side and to discuss a several legislative proposals he is considering introducing in the Senate this fall. One proposal would give homeowners facing foreclosure the right to temporarily remain in their homes by paying fair-market rent to the bank, another would provide funding to support mandatory arbitration programs in which homeowners and banks sit down face to face to work out loan modifications, and a third would extend the tax credit for first time home buyers enacted earlier this year to further reduce excess housing inventory that is dragging down sale prices.

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...


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.


Make Your Garage Door Quieter

How to Make Your Garage Door Quieter

Did you know that the structural noise from a garage can be anywhere from 5 decibels to 20 decibels above the background noise levels? And if you are wondering how much change would a 20-decibel increase make, then consider this – with a rise of 20 decibels, the sound energy increases by a factor of 100!