The home mortgage meltdown ... beginning to hammer wealthy and middle class Chicago neighborhoods

Middle class and out of a home in Chicago | Poorer neighborhoods hit hardest, but wealthy, middle class also squeezed | December 4, 2007 | BY ART GOLAB Staff Reporter/agolab@suntimes.com

The home mortgage meltdown isn’t just gutting the poorer parts of town.

It’s beginning to hammer wealthy and middle class Chicago neighborhoods like Lincoln Park, Lincoln Square, Irving Park, Portage Park and Mt. Greenwood — all areas where home mortgage foreclosures have shot up by 100 percent or more from 2006 to 2007.
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Poverty stricken West Englewood, for example, had 348 foreclosures, or 111 per square mile — yet that was just a 58 percent increase over the previous year. ...