Posts tagged "Mortgages"

Are strategic defaulters facing jail time?

Thinking about strategically defaulting on your mortgage, and seeing how long you can live in your home without paying? Long enough to save up a down payment for your next home? Long enough to pay for that first-class flight to Cabo? Think about what Heath Wolfe, a government official has to say in Lew Sichelman’s... Read more »

Foreclosure, delinquency rates rise in Chicago metro area

Foreclosure rates in the Chicago-Joliet-Naperville CMSA have increased for the month of January over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Chicago-Joliet-Naperville area foreclosures among outstanding mortgage loans is 6.35 percent for the month of January 2012, an increase of 0.57 percentage... Read more »