Posts tagged "delinquencies"

Underwater Mortgages And Higher Delinquency Rates

Underwater Mortgages And Higher Delinquency Rates
In case you needed to hear more bad news about the Chicago real estate market two reports came out yesterday that continue to paint a rather grim picture of area homeowners.   46.2% Of Chicago Area Homes Are Underwater Zillow issued their 3rd quarter home value report and it showed that nationally 28.6% of homes... Read more »

Is Chicago's Housing Market As Bad As Detroit's?

I find it hard to believe that Chicago’s real estate market is anywhere near as bad as Detroit but I was shocked to learn that the serious delinquency rate for first liens in the broader Chicago metro area at the end of 2010 was in excess of 11% and actually slightly higher than Detroit. I... Read more »