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: Loan Modification & Home Loan News

New Chicago ordinance would require security at foreclosed buildings

By Moe Bedard

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The City Council Buildings Committee today unanimously passed an ordinance that would make banks hire security guards at buildings seized during foreclosure proceedings. The vote came after veteran Aldermen Richard Mell and Bernard Stone ripped the banks who take over the city?s increasing number of foreclosed buildings. ?Banks are not reporting all their vacant buildings,? said Stone. [...]

Full post as published by Loan Modification & Home Loan News on May 26, 2010 (boomark / email).

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