The financial health of community members has a strong impact on the overall economy of a city. According to FDIC, 1 in 4 families turn to fringe financial services for their daily needs because they are credit invisible, said Charlie Corrigan,Relationship Manager, JPMorgan Chase in Chicago.
Yet in the last few years, these mortgages have reappeared as an option for some homebuyers. Should you consider getting an interest-only mortgage? , you make a set payment over a set period of time, and the payment is applied to both the principal and interest . Foreclosure News
ABA Journal Daily News
Notwithstanding its name, the Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act , or Financial Choice Act, will be terrible for consumers. It will gut the Consumer Financial Protection Bureau and return us to the Wild West days of the early 2000s where predatory lenders could prey on the elderly and the…
Horizon Farm in Barrington Hills has closed to the public again as part of an ongoing legal tussle between the owners who fell into foreclosure and the Forest Preserve District of Cook County. An Illinois appellate court order has thrown the scenic 400-acre estate's future into question. Foreclosure News
ATTOM Data Solutions has released its 2017 U.S. Residential Vacant Property and Zombie Foreclosure Report, which shows nearly 1.4 million U.S. residential properties were vacant as of the end of the third quarter of 2017 – representing 1.58 percent of all U.S. residential properties. The 1.58 percent vacant property rate nationwide … You may have…
This week in bizarre Detroit real estate news, a group called Home Team Detroit has been in the spotlight. To recap, on Monday, the Detroit News reported that the group had big plans for buying up all the auction properties headed to the foreclosure auction this fall. Foreclosure News
