| Aug 27, 2013
A federal court ruling has dealt a setback to Chicago's efforts, and to potentially those of municipalities around the country, to maintain some of the vacant properties caught in the limbo of the foreclosure process.
Chicago's ordinance, which took...
| Sep 10, 2013
| 4:29 PM
The state of Illinois is suing the nation's largest privately held firm that maintains foreclosed homes, alleging it illegally broke into the occupied homes of people behind on their mortgage payments or in foreclosure, locked them out and removed their...
| Sep 12, 2013
In the first 10 days of September, city of Chicago operators logged 359 calls about problems at vacant buildings, ranging from reports of open or missing front or back doors to pried-off plywood panels to trespassers.
The city is trying to lessen that...
| Sep 14, 2013
| 7:00 AM
Never let a crisis go to waste, says an old rule of politics.
For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
| Sep 17, 2013
| 10:01 PM
Single-family-home prices rose strongly in Chicago and suburban Cook County during the year's second quarter, according to a local home price index, validating the sentiment that a housing recovery has taken hold in the Chicago area.
However, the pace...
| Sep 23, 2013
| 7:59 AM
More than four years after the Federal Housing Finance Agency established a mortgage refinancing program, the effort has been losing steam.
Now the agency is looking for underwater but current borrowers, including almost 60,000 homeowners in the Chicago...
| Dec 1, 2013
| 5:00 AM
The shortage of houses for sale has changed the real estate landscape in numerous ways.
One is that finding just the right place has supplanted obtaining financing and wading through the necessary paperwork as the most difficult aspect of the buying...
| Dec 5, 2013
| 12:04 PM
A former longtime Chicago police lieutenant pleaded guilty today to participating in a mortgage fraud scheme involving a Northwest Side real estate mogul and a crooked former suburban police chief.
Erroll Davis, 52, choked up as he entered his guilty...
| Dec 12, 2013
| 7:39 AM
The value of single-family homes in Cook County sold during the third quarter rose 12.7 percent from a year earlier, the biggest year-over-year gain in at least 16 years, data released Thursday show.
Year-over-year, third-quarter home prices rose 13.3...
| Dec 12, 2013
| 1:21 PM
WASHINGTON — Mayor Rahm Emanuel today joined the chair of JPMorgan Chase as the firm announced a five-year, $250 million effort to close the “skills gap” to curb unemployment in urban areas in the U.S. and Europe.
Chicago is among...
| Dec 15, 2013
The new homeowners on your block could be from out of town — Wall Street.
After amassing significant rental portfolios elsewhere, deep-pocketed institutional investors are descending on the Chicago area, buying up thousands of single-family homes...