Chicago Illinois Real Estate Blog

Two years ago, Jason Pietrucha read the foreclosure writing on the wall.
The mortgage broker saw California’s growing default rate and prepared for the home-loan tsunami to hit Illinois.
Switching to real estate sales, Pietrucha deals almost exclusively in properties in various stages of mortgage distress. He’s one of a growing number of agents and others who [...]

[Read more →]

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 [...]

[Read more →]