In July 2022, a local Chicago news station reported on “Zombie foreclosures stick former homeowners with major fines from city after bank doesn’t claim deed”. Now in a follow-up report in October 2022, examples of both “Zombie Foreclosures” & “Zombie Properties” affecting Chicago residents.

According to the attorney representing the residents “The party that’s to blame is right now our legislature and it stems from the fact that here in the state of Illinois, there’s no requirement to record a deed. So if you purchase a property, you do not have to record that deed with the Cook County Clerk’s Office,”

To view the most recent article please click here.

To view the original article please click here.