Borrowers who lost homes through faulty foreclosures from 2008 through 2011 are eligible for $2,000 payments.
John Wicker, was sentenced to twenty four months in prison for a mortgage fraud scheme.
New efforts are under way to put the brakes on home foreclosures in Illinois.
RealtyTrac says it expects foreclosures to continue to rise now that attorneys general in 49 states reached a settlement with five of the nation’s largest lenders.
Protestors stand up for St. Louis County man who could lose home to foreclosure on December 26.
While far better off than parts of the region, St. Charles County has “ten times more” foreclosures than a decade ago.
“We’re not looking for huge numbers here,” Nate Johnson, President of the St. Louis Association of Realtors said. “We just want to get back to a normal, healthy market.”
Should foreclosures be comparable sales?
Ilinois home foreclosure activity fell almost 28 percent in the first quarter of 2011 compared to the same period last year.