Increase in foreclosures ahead?
For 3 1⁄2 years, Melissa Scheiblein, her husband, Josh, and their three children have leased their Lake in the Hills house and regularly paid their monthly rent.
They even planned to buy the home from their landlords. Unfortunately, the landlords weren’t paying the mortgage and a foreclosure case was filed in 2010 – one of 3,600 foreclosure cases filed in McHenry County that year.
According to real estate professionals, even more homes may be foreclosed on this year.
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