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Real Estate & Property Law
: Closing Real Estate in ChicagoCook Evictions to Resume
By Peter Olson, Esq.
The new order will require banks to document the names of all tenants in a foreclosed building as well as when they were notified about impending foreclosure proceedings.
The new order, drafted by Dorothy Kinnaird, the presiding judge of the Cook County Chancery Division, does not create new laws. Instead, it is formalizing those laws and offers another measure to make sure that the proper procedure is followed when it comes to tenant notification.
Full post as published by Closing Real Estate in Chicago on October 17, 2008 (boomark / email).
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