Closing Chicago Real Estate

Two thumbs up to Circuit Clerk Dorothy Brown for publicizing this and putting up a link on the Website concerning possible $$ out there owed to persons who saw a home get foreclosed upon but then, upon public sale of the property, the property sold at sheriff’s sale for MORE than the amount owed on the mortgage…that overage is the former homeowners $$! Here’s the Sun-Times article link and the circuit clerk’s search page by name. I don’t do it anymore but a couple years back I’d actually conduct some auctions for foreclosure cases that had gone through the federal court system…mostly at the Lake County Courthouse in Waukegan or in the lobby of Daley Center. And, surprisingly every so often you’d get a sort of bidding war where I’d bet the price wasn’t that much worse than a regular old commercial sale.

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