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* Record number of 102,134 homes repossessed in September

The rising numbers are expected to stall soon, after attorneys general in all 50 states announced Wednesday they are investigating problems with foreclosure documents, including mortgage loan-servicer employees signing hundreds of affidavits saying they were familiar with foreclosure cases without first reading the documents — a practice known as robo-signing. Other documents were signed without a notary public present, which violates state law. Major banks have halted their foreclosure proceedings while they try to rectify the situation.

* High rates of suicide in Chicago, suburbs raise red flags

Some mental health professionals suggest the recent rise in suicides can be traced in part to the lingering detritus of the economic recession, primarily unemployment, home foreclosures and bankruptcies. Other officials, including Lake County Coroner Richard Keller, said they’re also troubled by the recent cluster of teen suicides, including five Barrington High School students who have died since the fall of 2007.

“We obviously have been increasingly concerned about teen suicide,” said Jeff Arnett, spokesman for Barrington Community Consolidated School District 220. “But the fourth student suicide was the tipping point. The entire community and the school district knew that something had to be done.”

* Aon to cut up to 1,800 jobs

* Chicago area swamped with high-end backlog

Based on sales activity in those two suburbs over the past 12 months, it would take more than 10 years to sell all those homes, by far the biggest supply of any suburb or Chicago neighborhood.

* A city united makes Daley most proud

* Burke Proposes Outsourcing Some City Work

Burke says with the lagging economy, it makes sense to have some work done by the private sector. He points to zoning and economic development as two areas where some of the work could be privatized.

* Council proposes crackdown on gold brokers

* Chicago Aldermen May Clamp Down on Gold Brokers

* U. of C. trustee accused in scam

* Wind farms continue to sprout in McLean County

* $45.4 million for broadband internet in southern Ill.

* Ill. gives $8M for East St. Louis port project

posted by Rich Miller
Friday, Oct 15, 10 @ 11:32 am

Comments

I’m guessing that Ald. Burke might already have some firms in mind for his privatization proposal.

Comment by wordslinger Friday, Oct 15, 10 @ 11:37 am
Hey Capital Fax

Could you post today’s Eric Zorn article on DuPage State’s Attorney Joe Birkett.

Apparently Joe is setting up a double dip pension to the tune of $ 317,413 a year.

When the Prosecuters and Judges are on the take what chance lies for the common man?

Comment by gg Friday, Oct 15, 10 @ 12:57 pm