robo-signing

Cook County Sees Spike in Foreclosure Activity

Remember the robo-signing controversy? If not, click here. The scandal, which temporary halted foreclosure activity, appears to be over, and as a result, foreclosures are back on the rise. In Cook County, nearly 3,000 properties have become vacant over the last three months. According to a report released Wednesday by the Woodstock Institute, a Chicago-based …

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Illinois Foreclosures are Up, But There is Help

The latest U.S. Foreclosure Market Report was released today with an increase, a decrease and a new record. RealtyTrac, an online marketplace for foreclosure properties, reported that for the third quarter of 2010, foreclosure filings, which includes default notices, scheduled auctions and bank repossessions, increased 4 percent from the previous quarter but decreased 1 percent …

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All 50 States Initiate Investigation into Mortgage Practices

As Chicagoland Real Estate Forum reported yesterday, state attorneys general offices in all 50 states and the District of Columbia launched a joint investigation into the mortgage industry today. The investigation comes in response to the robo-signing controversy, in which lenders used unchecked or fraudulent paperwork to seize homes during this foreclosure crisis. Using robo-signers …

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Government Opposes Blanket Foreclosure Moratorium

The White House today said no to a nationwide moratorium on home foreclosures, saying the move could hurt the U.S. housing market and slow its recovery. Chicagoland Real Estate Forum has been telling you about the “robo-signing” controversy, in which lenders have been signing hundreds of foreclosure documents a day without reading or verifying them. …

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