On any given day, the Cook County Jail holds hundreds of inmates picked up on criminal charges who also happen to be wanted for an immigration violation. Sheriff Tom Dart’s office keeps them up to 48 hours beyond when the criminal cases would allow them out.
When you are the nation's largest owner of foreclosed homes, even little things can get expensive fast. Such is the case for mortgage giant Fannie Mae, which as of March 31 had a mind-boggling 153,000 foreclosed homes on its books.One example — mowing the lawn.
The role of fraud in the housing crisis is getting attention this week at a Chicago gathering of attorneys general from states across the country.Since last year, the AGs have been looking into procedures of the nation’s largest mortgage servicers, led by Bank of America, Wells Fargo and JPMorgan Ch
The number of homes entering foreclosure in the United States continues to decline. California-based RealtyTrac's monthly report of foreclosure filings shows that foreclosures fell during the month of May and are down 33 percent from the same period one year ago.But Illinois foreclosure activit
More than 10 percent of the rental units in some of Chicago’s community areas are at risk of foreclosure, and those neighborhoods are mostly in African-American and Hispanic communities, according to a new study.The Lawyers’ Committee for Better Housing’s Tenants in Foreclosure Intervention Project
One of the nation’s largest banks Friday provided details about an agreement with some nonprofit groups in Chicago-area neighborhoods devastated by foreclosures. The deal, revealed Wednesday by WBEZ, stems from the collapse of Oak Park-based banking chain FBOP Corp.