Chicago Relocation
 

Housing for Vampires

October 31, 2013

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General
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John D’Ambrogio

Some comments from Baird & Warner‘s Elizabeth McGrath.

Vampire foreclosures, homes that are bank owned but the previous owners still live there, are quite an issue for the recovery of the market.  Across the nation, 47% of bank owned homes are categorized as a vampire foreclosures.  Real Estate journalist Kimberly Miller wrote more on this issue in the Chicago Tribune this week.  Click here to read her full story.