Chicago has the highest inventory of bank-owned (REO) homes of any large city in America.
It also has the most homes in the foreclosure process.
We tend to use state numbers, and that usually means Florida, California, Nevada, and Arizona make the headlines.
But when you drive around these South Side Chicago neighborhoods, like I did today, you really see one city's plight and blight.
I'm here today doing a story on Bank of America's new program to demolish some of these homes and donate them back to the city. They expect to do a mere 150 over the next two years, which is really a drop in the bucket when you go on foreclosure websites and see thousands of these properties for sale, with many more coming.