Moratorium ..Does Not Mean Stop.. Rather Proceed with Caution..

thumbnailCA7X03SG Today I decided to check on the Foreclosure Moratorium in Illinois.

I  began my search at the  Cook County Sheriff Sale site. This site lists the time and location of all properties up for auction.

Today there are 106 Residential homes ( Single Family, Condominiums, and Townhomes)  up for Auction in Cook County.

While this may seem like a tricle it is not a complete halt. The Moratorium on Foreclosures includes the big banks (Chase, BOA, CitiMortgage, and Well Fargo)  not the smaller banks.

While some banks see  Red light when it comes to the Moratorium on Foreclosures other banks see Yellow and are proceeding with caution.

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