Chicago’s Clogged Foreclosure Process—and a Cusack Sells in Lincoln Park
In Chicago, Milwaukee, Detroit and Indianapolis, the rate of homes going into foreclosure is about the same. But according to a new study by analysts at the Federal Reserve Bank of Chicago, distressed homes here stay in foreclosure longer than they do in those other markets—which means they are likely to drag down our local housing market longer than the distressed homes in those other cities…
