Chicago Foreclosures Hitting More Homeowners

CBS TV Chicago reports:

The National Training and Information Center studied foreclosures in Chicago between 1993 and 2005.

“It's all over the city,” Rose said. “Even neighborhoods like this one in Jefferson Park saw an 89 percent increase in foreclosures.”

Hot neighborhoods like the West Loop saw foreclosures soar 440 percent; the South Loop by 600 percent; and Washington Park, a potential site for the 2016 Olympic Games, by 786 percent.

A story to watch.