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MINNEAPOLIS SAINT PAUL PILOTS NATIONAL PROGRAM TO REBUILD HOUSING MARKET IN NEIGHBORHOODS AFFECTED BY FORECLOSURES

Article from: US Fed News Service, Including US State News Article date: November 13, 2008

The office of the Minneapolis Mayor issued the following press release:

Minneapolis Mayor R.T. Rybak and Saint Paul Deputy Mayor Ann Mulholland today announced the two cities will be the first cities in the nation to pilot a new, innovative national program to address the housing foreclosure crisis. The First Look Program will help restore neighborhoods hit hard by foreclosures by allowing the two cities the opportunity to acquire foreclosed properties before they hit the open market.

The First Look Program will coordinate the transfer of real estate-owned properties from financial ...

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Chicago Sheriff Halts Evictions

Posted Oct 9, 08 8:21 AM CDT in US,  Business 

Chicago Sheriff Halts Evictions
Source: AP Photo/J. Pat Carter

(Newser) – A Chicago lawman is going to stop enforcing foreclosure evictions because they’re unfair to renters, the Chicago Tribune reports. Cook County Sheriff Tom Dart has a huge and growing eviction list but is refusing to carry out any more mortgage-foreclosure evictions until lenders first figure out who’s actually living at foreclosed properties. Foreclosure evictions in Cook County have more than doubled since 2006.

"The people we're interacting with are, many times, oblivious to the financial straits their landlord might be in," said Dart, who says he is willing to take the risk of being found in contempt of court. "They are the innocent victims here, and they are the ones all of us must step up for and find some way to protect."

Source: Chicago Tribune

More about:  Chicago • housing market • foreclosure • eviction • sheriff

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