Relevant:
- Cook County puts mortgage companies on the hook for vacant buildings
- 96,000 Multifamily Housing Buildings in Chicago Area are Underwater ; 42 Percent of Small Rental Buildings at Risk of Default
- Long View of Housing Measures Says Sell
- Ordinance Would Force Property Owners to Surrender Keys to Government
- NY Times on Possible CRE Bailout
2010-04-07 — chicagobreakingbusiness.com
" Falling property values in Cook County have put about nearly a third multi-family mortgage buildings in danger of default on their mortgages with owners of two-to-six unit rental buildings are particularly at risk, new data shows."
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