foreclosures

Business
3:13 pm
Tue November 25, 2014

Tim Landis: Foreclosure Sales, CIPS Icehouse and Heritage River Trail

Credit Jeff Turner/flickr

WUIS' Sean Crawford talks with Tim Landis, Business Editor for the State Journal-Register, on our weekly business report. 

This week, we hear about foreclosure sales returning to normal levels in the Springfield area.  We also discuss a study of the Heritage River Trail from Petersburg to Decatur and what improvements could be made to help tourism and recreation. 

Also, a court-ordered deadline is fast approaching to clean up the former CIPS Icehouse at 918 E. Edwards St.

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Business
8:41 am
Thu January 9, 2014

One-Third Of Illinois Homes "Underwater"

A third of Illinois homes are "underwater".
Credit debt.org

A new report says almost one-third of Illinois homes are ``deeply underwater'' meaning that they're worth at least 25 percent less than what's owed on the loans. 

The report released Thursday by Irvine, Calif.-based RealtyTrac says that represents almost 775,000 Illinois homes. The report is based on data from December.  

Only Nevada and Florida fare worse, with 38 percent and 34 percent of homes deeply underwater, respectively. 

But the report has some good news.

Nationally, the percentage of deeply underwater homes is falling.  

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