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CHICAGO — Wells Fargo Bank took control of the 610-room JW Marriott Chicago hotel Friday morning with a winning bid of nearly $251 million during a foreclosure auction. Orlando-based owner ...
Bronzeville is located in Chicago's 3rd ward, currently represented by Alderman Pat Dowell. [3] Dowell introduced the amendment to the Vacant Property Ordinance that was passed by the Chicago City Council on July 28, 2011, holding banks responsible for maintaining foreclosed properties in neighborhoods across Chicago. Dowell commented on the ...
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Judicial foreclosure: With a judicial foreclosure, the lender files a lawsuit and the borrower is notified of the non-payment. The homeowner has 30 days to make up the missed payments, otherwise ...
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
Algonquin Commons is an outdoor shopping mall, or lifestyle center, located along Randall Road in Algonquin, Illinois, a northwest suburb of Chicago. The mall is located in Kane County, Illinois, just south of the McHenry County line. The center includes over 50 retailers and restaurants and 600,000 total square feet.
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