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.
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