From WILL - Focus -

Home Foreclosure in Illinois

Even though the economy is slowly starting to improve, Illinois still has one of the highest foreclosure rates in the nation. Today on Focus, we talked about the problem and about new policies that are supposed to help solve it. We also talk with one community member working to help East Central Illinois families keep their homes.

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(Duration: 50:17)

a foreclosed home

Wikimedia Commons

Foreclosure rates in Illinois are beginning to fall, but many are still struggling to recover from the recession, especially those who were affected when the housing bubble burst. This hour on Focus, we’ll talk about new foreclosure policies in Illinois meant to fast track the sale of vacant properties to help our local economies and families recover from the foreclosure crisis. As the state’s foreclosure rate remains stubbornly high, we’ll also examine how big of a problem foreclosures continue to be in East Central Illinois and talk with Reverend Eugene Barnes, the founder of Metanoia, a community group based in Champaign, who has taken it into his own hands to help struggling families keep their homes. Geoff Smith, Executive Director of the Institute for Housing Services at DePaul University also joins us.

Have you been faced with foreclosure? Are you dealing with a short sale or struggling with your mortgage payments? Know someone who has? We want to hear from you this hour. Join our conversation. Post in the comments section below or find us on Facebook and Twitter @Focus580.