Cook County is a struggling county in the state of Illinois. Many of its residents are struggling from foreclosure. However, there are ways for these people to get back on their feet through a new land bank and community services.
Back in February 2013, there was a protest consisting of two hundred people outside of Wells Fargo. The biggest mortgage lender in the country has recently come under fire for bad banking practices and mistreatment of minorities.
Your house may not be going into foreclosure and you may be having an easier time than some people are. However, it’s important to remember that foreclosure can befall other people besides you, which affects overall housing values.
If you aren’t going through foreclosure, you might not be too worried about people struggling to pay their mortgage payments or going through foreclosure. However, all this can affect you, especially if you own your own house. It’s best not to completely dismiss it.
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