Cook Co. reaching out to those due money after property foreclosure
August 25, 2011|By Mary Ellen Podmolik | Tribune reporter
Two years after unveiling a search engine for former property owners to determine if foreclosure surplus funds due them, $16 million sits in an interest-bearing account with the Cook County Clerk of the Circuit Court.
Now, that office is teaming up with other county and state agencies to get their word out to 1,944 former property owners who are entitled to a share of the funds.
One of our upcoming auctions. Make sure to take a look and let us know if you have any questions.
Here is a recent press release for some more information >> http://bit.ly/qZzXns
Some recent news regarding auctions and government. What do you think? Let us know you thoughts?
Genesee County officials are pushing to change state law and give county treasurers more discretion on when and how to put foreclosed houses on the auction block.
The hope is to prevent so-called “scavenger sales,” in which real estate speculators often buy groups of homes on the cheap and flip them for a quick profit to unsuspecting buyers.