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5 Articles match "Chicago","Houses","September"
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Foreclosures Fade in World Series Spotlight
Detroit’s Wayne County reported 4,190 properties entering foreclosure in September, the second most only behind Chicago’s Cook County (whose fans didn’t have any team to cheer in the playoffs this year). But for at least five games, the city has pushed concerns about the housing market and the economy to the backburner and chosen to focus on baseball: “The local news media have started calling Detroit "Tiger Town." The Detroit Tigers are the feel-good story of this year’s World Series, having made it to baseball’s big dance only three years after posting 119 losses — one of the worst records in history.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
How Can Financially-Troubled Homeowners Prevent Foreclosure?
For the 112,210 Americans who entered the foreclosure pipeline in September, the answer is simple: Talk to your lender at the first sign of trouble. Or consider contacting the National Training and Information Center (NTIC) , a Chicago-based nonprofit community network. Department of Housing and Urban Development has a pamphlet called “How to Avoid Foreclosure” at: http://www.hud.gov/foreclosure/index.cfm . When you miss several mortgage payments and your lender sends you a notice of default, where do you turn for relief? Call immediately and ask to speak with the “loss
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Legislating Lower Foreclosure Rates?
An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New Illinois Housing Law Draws 2nd Suit
Two law suits have been filed against a controversial Illinois law that mandates financial counseling for certain consumers obtaining mortgages or refinancing loans in 10 ZIP code areas in Chicago. The suits — filed by eight consumers and the real estate community — seek to halt the implementation of Illinois House Bill 4050, which took effect September 1. "It's a discriminatory law," said Julie Santos, a Chicago Realtor and co-chair of the Coalition to Rescind HB 4050, a group formed from several community organizations who are collecting signatures in an attempt to repeal the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Legislating Lower Foreclosure Rates?
An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Fade in World Series Spotlight
Detroit’s Wayne County reported 4,190 properties entering foreclosure in September, the second most only behind Chicago’s Cook County (whose fans didn’t have any team to cheer in the playoffs this year). But for at least five games, the city has pushed concerns about the housing market and the economy to the backburner and chosen to focus on baseball: “The local news media have started calling Detroit "Tiger Town." The Detroit Tigers are the feel-good story of this year’s World Series, having made it to baseball’s big dance only three years after posting 119 losses — one of the worst records in history.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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How Can Financially-Troubled Homeowners Prevent Foreclosure?
For the 112,210 Americans who entered the foreclosure pipeline in September, the answer is simple: Talk to your lender at the first sign of trouble. Or consider contacting the National Training and Information Center (NTIC) , a Chicago-based nonprofit community network. Department of Housing and Urban Development has a pamphlet called “How to Avoid Foreclosure” at: http://www.hud.gov/foreclosure/index.cfm . When you miss several mortgage payments and your lender sends you a notice of default, where do you turn for relief? Call immediately and ask to speak with the “loss
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Mortgage Reform to Calm Foreclosure Storm
In an attempt to address the recent downturn in the real estate market — evidenced by rising foreclosures and falling home prices and which many believe may threaten to undermine the overall economy — the House of Representatives yesterday passed a bill that imposes more stringent regulatory oversight of the mortgage industry. The White House issued a Statement of Administration Policy on H.R. Called The Mortgage Reform and Anti-Predatory Lending Act of 2007, the bill ( H.R. 3915 ) claims to "amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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