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Real Estate & Property Law

: The Home Equity Theft Reporter

Mortgage Servicer Neglect Adds To Blight In Chicago Neighborhoods As Vacant Homes Left Lingering In Legal Limbo

By r morris

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In Chicago, Illinois, the Chicago Tribune reports:A new type of property is adding to neighborhood blight: the bank walkaway. Research to be released Thursday, the first of its kind locally, identifies 1,896 "red flag" homes in Chicago ? most of them are in distressed African-American neighborhoods ? that appear to have been abandoned by mortgage servicers during the foreclosure process, the

Full post as published by The Home Equity Theft Reporter on January 15, 2011 (boomark / email).

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