Category: eviction

Why do housing foreclosures have to take so much time?

Daniel Burrus Housing foreclosure filings fell in May, a decrease of 3 percent according to online foreclosure company RealtyTrac.com. That sounds good, but there are still a lot of foreclosures going on across the country. According to RealtyTrac’s numbers, one in every 400 U.S. housing units received a foreclosure filing — either a default notice,... Read more »

Would you walk away from your mortgage?

I was talking to a friend the other day. He lives in a close-in Chicago suburb, one that has high property taxes. This year, his property taxes jumped significantly, bumping up his mortgage payment by about $400 a month. At the same time, his house is worth less this year than it was last year... Read more »