The Aftermath of Chicago Foreclosures

Reeling under the effects of Chicago foreclosure homes, the city has momentarily shifted into an undeniable silence. The silence is often broken by the noise of prospective buyers, police sirens trying to chase drug dealers and thieves. The story of the southwest corner of Humboldt Park in Chicago is no different as a number of homes are lying vacant while others have been torn down. Most of the foreclosure homes can be seen in Chicago foreclosure listings and only a handful of them have been bought by inquisitive investors or first time homebuyers. The southwest corner of Humboldt Park is now the site of abandoned homes and buildings that have been not just grown creepers, but they have become a safe haven for drug dealers according to Deon Hughes Sr., who is the pastor of the non-denominational church. Truthfully, Deon Hughes Sr. has pushed and requested to have some of these buildings and homes sealed so that he can ensure the safety of the entire community of Humboldt Park. Some believe that this is probably the beginning of a bad era when more and more Chicago cheap homes will feature in the daily newspapers. Some of the worst hit areas include the black dominated South Shore as well as the white dominated Jefferson Park, although the minority communities are suffering the most. Half of the Latino and black population in Chicago have taken a major brunt of foreclosures and now most of their properties to have been declared as the Chicago bank owned homes. Actually, due to the ever increasing foreclosures, cafes and restaurants have also taken a hit. Small around the corner cafes that used to be busy places with couples, lovers, friends and families pouring in for a quick bite have seen less faces since December 2007. The complete sales have gone down by 15-20 in some of the places. People have stopped spending money and the worst of all is that they are living in their own homes in the overwhelming fear of foreclosures. Start your Search for:

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