Foreclosures drop, but ‘zombie’ properties remain
Hector Reyes could probably write a book on the nightmares of fighting foreclosure.
It would include unexpected financial hits, unsuccessful pleas to the bank to renegotiate a mortgage, bad advice, a battle for loan modification, and scam attorneys.
“After three years of fighting, I was like, ‘You know what? I’m going to let this house go.’ It’s worth three times less than what I owe. I don’t know what I’m fighting for,” says Reyes, a 40-year-old father of three who lives in south suburban Blue Island…Please click here to read Maudlyne Ihejirika’s story in the Sun-Times.