Chicago Illinois Real Estate Blog

Prospective home buyers with an open mind and a good credit history are finding there are plenty of diamonds in the rough in the foreclosure market.
But you have to be prepared to look, both at multiple properties and their potential and at your own wherewithal to get through the process and move into what in [...]

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Foreclosure sales have spawned new services.
Jon Maddux is co-founder of YouWalkAway.com, which offers a kind of do-it-yourself kit and information to help those in trouble get through foreclosure while staying in the home as long as legally possible.
For a $995 fee, the Carlsbad, Calif., firm arranges a consultation with a licensed attorney and unlimited access [...]

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The sweep, code named Operation Malicious Mortgage, was the third major action that the Department of Justice has headed up since 2004 against mortgage fraud and related crimes. The most recent activity has resulted in 144 mortgage fraud cases in which 406 defendants have been charged since March 1. Cases were brought in every region [...]

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Economists expect defaults to keep rising as housing crisis deepens
WASHINGTON - Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis’ mounting damage to homeowners and the economy.
The latest snapshot of the mortgage market showed that the proportion [...]

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