Left Behind | Troubled Foreclosed Properties and Servicer Accountability in Chicago

Executive Summary

The following report illustrates the relationship between foreclosures and vacant properties in the City of Chicago. It combines data from the City of Chicago on vacant and potentially vacant buildings with data on foreclosure filings, completed foreclosure auctions, and property transfers to better understand the number of vacant properties that have at some point been part of the foreclosure process. It identifies a group of ―red flag‖ properties which are troubled vacant properties where a foreclosure has been filed, but no outcome has been reached. For such vacant properties, particularly those that have been in the foreclosure process for many years, there are concerns that the servicer has chosen to ―walk away‖ from the property leaving no clear accountable party for problems that may arise there. The report also identifies a group of lender-owned, foreclosed properties that most likely are vacant and not in compliance with the City of Chicago’s vacant building regulations.

Full report below…

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4closureFraud.org

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Left Behind
Troubled Foreclosed Properties and Servicer Accountability in Chicago

Comments
2 Responses to “Left Behind | Troubled Foreclosed Properties and Servicer Accountability in Chicago”
  1. l vent says:

    Where is President Obama? This is his hometown. This is a disgraceful, blatant disregard for the people and their PROPERTY RIGHTS as well as their CONSTITUTIONAL RIGHTS. NO ONE in OUR GOVERNMENT has ANYTHING TO SAY about this? This is making our Government look like they are ALL IN on the FINANCIAL TERRORISM OF AMERICA. If this is not properly addressed by our Government ASAP in the form of a NATIONWIDE MORATORIUM ON ALL FORECLOSURES no one should vote for any of them next time. The banks know they are HO– USE STEALING and FRAUDCLOSURES are illegal. They know they CANNOT GIVE A LOAN MOD on a MORTGAGE THAT NEVER EXISTED. That would be more FRAUD. Is our Government the GUILTY PARTY who is FORCING THE BANKS TO FRAUDCLOSE or IMPOSE FAKE DEBT SLAVERY via FAKE DEBT MORTGAGE LOAN MOD for MORTGAGE LOANS THAT DO NOT EXIST? Looks the BANKS are CALLING OUT THE GOVERNMENT TO COME AND TAKE AT LOOK AT ALL OF THIS and they are BEING IGNORED BY OUR “ELECTED LEADERS” and are being FORCED by OUR GOVERNMENT to COMMIT FRAUD against ALL OF US? I think the BANKS are sick of being IGNORED by our Government trying to PRETEND this is not a problem and are trying to CALL THEM OUT.

    • erkme73 says:

      “This is making our Government look like they are ALL IN on the FINANCIAL TERRORISM OF AMERICA.”

      Uh… that’s BECA– USE THEY ARE! Can’t wait until Wikileaks drops the BoA bomb that proves how crooked our government is.

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