The Federal Housing Administration wants to set a hard deadline for servicers to file claims on soured mortgages. Industry executives say it should be manageable unless foreclosures surge again.
The number of foreclosures filed in Franklin County fell again in June, dropping 29% below June of 2014.
Would-be homebuyers who were forced out of the market by short sales and foreclosures are trickling back in again, but that hasn't resulted in stable prices, according to real estate experts.
The people alleged to have illegally "squatted" in expensive, foreclosed houses in Chicago's Beverly and Morgan Park communities certainly kept up appearances.
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