By Dennis Rodkin
A report last week from CoreLogic showed that 25.4 percent of Chicago-area homeowners with a mortgage are now underwater—they owe more on the mortgage than the house is worth—and another 5.3 percent are near that point. There’s no way of knowing how many of those people will have to sell their homes this year, but if you’re at or near the short-sale line, the first thing to do is pull your head out of the sand... Read more