Like the name suggests, zombie properties are often abandoned homes with no one living in them. Banks have foreclosed on them, but didn’t follow through with completion. Brandis Friedman takes a look at why that happens, the impact on the community, and what can be done. Read an article, watch a web extra video, and view a map of zombie properties in Chicago.
Foreclosures
Cook County is forcing banks to keep up vacant properties undergoing foreclosure. But the city is being sued over a similar law. We look at the future of the County ordinance.
Are senior citizens bailing out banks by accepting low deposit interest rates? Author and Chicago Sun-Times Financial Columnist Terry Savage joins us to talk about what she calls the "generation wars."
Program Launched to Combat Foreclosure Crisis
Mayor Rahm Emanuel announced an innovative new program for Chicago that will address foreclosures and stabilize property values in key neighborhoods throughout the city. Elizabeth Brackett has the story.
