Chicago Recorder Of Deeds

• 2009 Chicago seizures were high multi-apartment
• Many tenants and owners are not aware of the legality
• A local committee of lawyers like to give a helping hand

There are over 20,000 homes for rent in Chicago, Illinois. Although statistics are not available on units per building on average (and tenants per unit on average) more than a few Americans have been following the building roughly 125 apartments in multiple dwellings that have been seized in Chicago every week last year. Statistics of what happened to these people afterwards are currently unavailable.
This information, which has only recently become available, were provided by the Lawyers Committee for Better Housing, a community nonprofit.
The report of the Committee of Counsel, the situation was particularly bad in the nine areas of the city, which alone represent multi-unit seized more than 200 apartment buildings in 2009.

• Austin
• Humboldt Park
• Belmont Cragin
• New City
• Englewood
• West Englewood
• Logan Square
• North Lawndale
• South Lawndale

Nationwide, lenders responsible for the greatest number of seizures were Deutsche Bank (591), U.S. Bank (576) and JPMorgan Chase (545). Among the 15 banks with the largest volume of foreclosure actions in 2009, CitiMortgage closed over 2349 rental units on a total of 12,787 area.
The Lawyers Committee for Better Housing is particularly concerned about the receivers rent actors roles in the apartment leaving the cycle (tenants, landlords, property managers, lenders and real estate agents) can be ignorant of the rights and obligations relating to seizures. Some tenants, for example, something they can not stop paying rent, and some property managers, lenders and re-owners believe they can stop the routine maintenance and evict tenants following foreclosure and the subsequent change of ownership.
The Illinois law states that tenants are entitled to 90 days notice before evicting a foreclosure property. In Chicago itself, the current tenants are also entitled to be informed of a notice of eviction that affect them within seven days, and new tenants should be evaluated before moving in. Cook County, they can even visit the Cook County Recorder of Titles office and personally inspect deposits lock for a particular property.
Nonetheless, Director of the Lawyers Committee for Better Housing Mark Schwartz fears that the typical tenant can find the rules confusing overlap. It is a complicated process, and sometimes they can not know what happens. Many tenants also lost in the length of the attachment procedure, or simply abandoned. Tenants facing locking issues affecting their apartment buildings may contact the Lawyers Committee on 312-347-7600 or www.lcbh.org. Information is also available from the Organization of the Metropolitan Tenants or 773-292-4980 or WWW.TENNIS-rights.org.