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Foreclosure wave sweeping US crests in Chicago

2/3s of 2/3s
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United States
05/26/2022 09:32 PM
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Foreclosure wave sweeping US crests in Chicago
May 20, 2022

“A total of 50,759 U.S. properties started the foreclosure process in Q1 2022, up 67% from the previous quarter and up 188% from a year ago,” the report stated, with Chicago alone seeing over 3,000 foreclosures in the first three months of the year.

...As small landlords shed these properties, Reilly explained, larger development firms will often come in to buy them up on the cheap –

...Wells Fargo CEO Charlie Scharf told the Washington Post earlier this week there was “no question” that the U.S. economy is headed for a dive.

[link to www.courthousenews.com (secure)]

Last Edited by 2/3s of 2/3s on 05/26/2022 09:36 PM