An initial review suggests that Chicago’s revised vacant property ordinance is bringing in a lot cash to the city, and that it’s helping city officials keep better count of the number of homes sitting vacant.
Last Monday, I visited 2414 N. Marmora with people concerned about vacant buildings. The yard was piled with garbage and it reeked of urine.Vanessa Valentin of the Northwest Side Housing Center discovered squatters had pried the boards off the door."It’s easy," Valentin said.
Listen to this conversation Is demolition a solution to the housing crisis in some of the Chicago area's most depressed communities?Nowadays, many foreclosed homes end up in states of disrepair. Left vacant, they’re stripped of all valuable materials.
The $25 billion mortgage settlement with big banks means about 1$ billion in relief to Illinois homeowners.People who owe more than their homes are worth and have fallen behind on payments may qualify for loan reductions, while other people who are underwater but current on their loans may be able t