CHICAGO-JP Morgan Chase & Co., the biggest bank in Chicago believes that foreclosure activity will be active till 2013. An official of the bank has reported that the percentage of bank-owned assets out of total sales of homes remain high in most of the major markets.
In Chicago, it is expected to be about 21% to 28% of total sales till the end of 2012. This was 335 in Q2 2009 and 28% in Q4 2009. For the full story, go to Chicago Sun Times.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
