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Real Estate & Property Law

: The Home Equity Theft Reporter

Tenants Deal With Uncertainty In Chicago Apartment Buildings Facing Foreclosure; Residents In 20,000+ Rental Units Affected In 2009: Report

By r morris

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In Chicago, Illinois, the Chicago Tribune reports:More than 125 apartment buildings in Chicago on average went into foreclosure each week of 2009, affecting tenants living in almost 21,000 rental units, according to a new report. The study, by the nonprofit Lawyers' Committee for Better Housing, found that lenders began foreclosure proceedings against owners of 6,560 multiunit rental buildings

Full post as published by The Home Equity Theft Reporter on May 22, 2010 (boomark / email).

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