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Foreclosure

Thursday, September 29, 2011

Patch Flash: Budget Cuts Could Force Illinois Prisoners to Live in Gyms

Chicagoland news to talk about: Tyson recalls 131,300 pounds of ground beef.

Illinois prisons and mental health facilities are already overcrowded and Gov. Pat Quinn plans to close several facilities due to budget constraints. Employees and communities impacted by the impending closures are worried about what will happen to the people living in the closing mental health and jail facilities.  The state is considering housing the inmates in gymnasiums. One correctional officer recalled when the state tried housing inmates in gyms in the ‘80s: "I can't tell you the numerous fights, inmate assaults, and staff injuries when this did take place," Randy Hellmann said. Times are tough for restaurateurs and one suburban businessman is hoping his customers will rally behind him and help him keep his pizza place open. The …

Friday, June 24, 2011

RealtyTrac: Foreclosures on the Rise in Lake County

Libertyville had 14 foreclosures in May, 2011.

According to a report from RealtyTrac, foreclosures are on the rise in Illinois and in Lake County. RealtyTrac is an online marketplace for foreclosure properties. Grayslake ranked third in Lake County Foreclosure Activity Count with 82 foreclosures in May. Buffalo Grove was fourth with 61 foreclosures. Lake Zurich had 38 foreclosures in May. Other towns counts were: Barrington, 31, Libertyville 14, Lake Forest 12 and Lake Bluff 10. Round Lake and Waukegan had the most foreclosures in May with 131 and 121, respectively. The total number of Lake County properties that received a pre-foreclosure filing was 647, the highest this year. Grayslake had one of the highest foreclosure rates in Lake County, 1 in every 162.  The rate is calculated by…

Friday, June 10, 2011

Sheriff Keeps Responsibility for Foreclosures

Lake County lobbies successfully against Foreclosure Sale Bill.

Lake County leaders celebrated the defeat of HB1293, a bill that would have allowed for-profit foreclosure companies to conduct the foreclosure sale process, instead of the sheriff’s office. “Our courts and sheriff’s office have providing counseling, information and compassion in this very emotional time for homeowners going through the foreclosure process,” said County Board Chairman David Stolman. The bill would have allowed banks to choose whether the county sheriff or a private firm handled the foreclosure process. The Lake County Sheriff's Office currently conducts the mortgage foreclosure sale process and provides information about the defendant's rights, as well as available social or legal services. The sheriff’s website contains …

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