Multi-Family Foreclosure Rate Spikes

The foreclosure rate on multi-family rental properties in Cook County, Ill., has spiked, and falling property values have put 30 percent, or more than $13 billion in Cook County's multi-family mortgages at default risk, according to a study released today by DePaul University's Institute for Housing Studies.

The Chicago Sun-Times reports @ http://bit.ly/bK1tWq