Two noted Gold Coast development sites under Mark Hunt of Chicago are being sued for unpaid loans amounting to $50 million. Foreclosure is imminent. One of the sites is the shut down Esquire Theatre. Two suits have been filed. Anglo Irish Bank Corporation is targeting collection of $33.2 million for the Esquire area that covers [...]

There has been a dramatic increase in foreclosures in Chicago during the first quarter of 2009. The sub-prime mortgage crisis is not connected with this new flood. The reason is massive job losses that have compelled borrowers to default in their mortgage payments and suffer foreclosures. In the first quarter of the current year foreclosure [...]

Those who are planning to buy a house today should get set to hard digging for diamonds in foreclosure mines. The first requisite is a good credit history. There is much talk going on about the mounting number of foreclosed houses begging to be sold at discounts but before being carried away it is well [...]

Owning Denver Foreclosure Homes promises to be a great and enduring experience. Denver is the most populated and the capital city of the state of Colorado. By living in Denver, you can remain close to the mountains as it is located in the River Valley of South Platter, on the High Plains to the East [...]

The South Side Bank, Shore Bank is a bank with a difference. It lays great stress on community welfare. It has started a new high-interest account on the Internet to attract those savers who are socially committed. Long-term gains are tied to the health of the land and the people who live on it. It [...]

Hundreds and thousands of Iowans are ruing the day they took sub-prime loans. The situation is so alarming and grim that the state’s attorney general, Miller, has set up a hot line and sketched out a plan of action to help borrowers negotiate with the lenders for new terms. It is reminiscent of the 1980 [...]

Abandoned homes and ‘For Sale’ signs dotting the landscape send shivers down the community. Elected representative are humming and hawing about finding funds to fight the menace but others in the locality are not willing to buckle under without giving a fight. Mayors in the Chicago region consisting of 272 members recently held a meeting [...]