Posted on 10/08/2008 10:30:09 AM PDT by pabianice
Not sure about Illinois, but in Indiana, sheriffs get a huge amount of the money recovered in back taxes when houses are sold after foreclosure. It’s a very lucrative position, which is why those political races draw BIG spending.
Frank Anderson in Indy (Marion County) made over $360,000 per year.
Banks suspend all new Cook County mortgages
Breaking... Banks say sheriff is to blame...
He’d foreclose in an instant if the lien holder was donating to his campaign.
I didn’t know a sheriff had a choice. I guess what he’s saying is he’s just not going to serve the eviction notices.
It’s the banks’ fault? Someone didn’t make a house payment and it’s the banks’ fault?
You betcha!..............
Banks should close soon there.
LOL
What about some folks been coveting the sheriff’s house and the bank wouldn’t give them the money to buy it?
Go take it? ‘bout time maybe... I’m just sayin...
(Zimbabwean law may apply here, refer to Justice Anthony Kennedy for opinion...)
“and since when do sheriffs decide which laws they will follow and which laws they won’t follow....”
They do it every day.
That MF should be thrown out of office for dereliction of duty.
In Florida, as in many states, the sheriff has the responsibility of evictions in foreclosures and non payment of rents and repossessions of cars. Not in MA?.....
Is his nickname “Butt”?...
So does this mean that the judge orders the foreclosure and the sheriff will not enforce the order? What about your oath of office??
Yay! Free house!
And when the banks go under it will be Bush’s fault.
“Says banks are to blame...”
OH REALLY?????
These are just the FIRST results of about 400,000 in a google search of “CHICAGO MORTGAGE FRAUD”
Chicago Mortgage Fraud Arrests involve Alleged Gang Members
http://www.mortgagefraudblog.com/index.php/weblog/permalink/chicago_mortgage_fraud_arrests_involve_alleged_gang_members/
MORTGAGE BROKER SENTENCED IN $10 MILLION REAL ESTATE MORTGAGE FRAUD
http://www.usdoj.gov/usao/iln/pr/rockford/2005/pr1215_02.pdf
A nationwide crackdown on mortgage fraud has led to charges filed against 67 Chicago-area people.
All of them face federal charges for home-lending schemes.
http://abclocal.go.com/wls/story?section=news/national_world&id=6215419
A Chicago mortgage fraud story with a macabre twist
http://isaac.blogs.com/isaac_laquedem/2008/08/a-chicago-mortg.html.
CHICAGO — Twenty-five people have been charged in one of the biggest mortgage fraud schemes ever prosecuted in the area, the FBI announced Friday.
http://www.nbc5.com/news/15254500/detail.html?dl=headlineclick.
EVERYBODY in the media is BLATANTLY ignoring the obvious, because it will hurt DEMOCRATS....
It’s the banks’ fault? Someone didn’t make a house payment and it’s the banks’ fault?
Just asking, what if it is the home owner who didn’t make the morotgage payment, but the occupant of the home is the renter/leasee who HAS MADE THEIR MONTHLY PAYMENTS?
Should the renter/occupant be put on the street because the homeowner can’t pay the bank?
“COOK COUNTY!!!!!!!!!!!!!!!!!!!!!”
“Chicagoland, the city and the surrounding Cook County area, has been one of the areas hardest hit by the intersection of gangs and mortgage fraud.
Consider the Black Disciples gang: Some of its members were involved in a case of mortgage fraud a couple of years ago. The price tag for that case alone: $70 million.
We had information from the FBI about Vice Lords [another Chicago-area gang] that there was perhaps $80 million in fraudulent mortgage activity,” Wagner says.”
http://www.npr.org/templates/story/story.php?storyId=13865759
Mentioning this will be considered RACIST, I’m sure....
Ironically, conventional mortgages will still be available. It's the sub-prime / high risk loans that'll be tough to come by, in light of this sheriff preventing lenders from claiming collateral to which they're entitled.
I doubt this will last long... but it only needs to be a news item for a few weeks.
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