Grassroots rescue plan - Mercedes-Benz Forum

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post #1 of 3 (permalink) Old 10-10-2008, 12:37 PM Thread Starter
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Grassroots rescue plan

The action taken by the Sheriff is worth considering as a grassroots rescue plan for the affected mortgagees. Keep them in the homes but impose a "rent equivalent" fine per month which is kept in escrow. Surely this is better than throwing families out and making them scramble to find ANOTHER place to live or rent when they just moved out of one.
There is a reason why the Sheriff is an elected official.
I find myself supporting this since it looks like a win-win for all.

Why sheriff refuses to evict tenants :: CHICAGO SUN-TIMES :: Other Views
As Cook County sheriff, I am responsible for running a 10,000-inmate jail, providing patrols to unincorporated areas and securing the courts.

But perhaps no part of our job is as difficult as the work done by our eviction units. On any given day, our deputies could be asked to throw a family out of their home, with all of their possessions left on a curb -- sometimes pilfered through by those living nearby.

Where mortgage firms see pieces of paper, my deputies see people.
Yet no matter how difficult they are, evictions are part of our job.
What isn't part of our job, however, is to carry out work on behalf of the multi-billion-dollar banks and mortgage industries.

Too many times, our deputies arrive at a home to carry out a mortgage foreclosure eviction, only to find a tenant -- dutifully paying their rent each month -- who is unaware their landlord stopped using that rent money to pay the mortgage. They had no fair warning that they were about to be thrown out of their home.

That's because, in many cases, the banks have done nothing to determine, in advance, who's living in the building -- even though it's required by state law. Instead, those banks expect taxpayers to pay for that investigative work for them.
That stops today.
We won't be doing the banks' work for them anymore.
We won't surprise tenants with an eviction order intended for their landlord.

I may be held in contempt of court over this. If that's the case, I'm willing to accept it though I believe most judges in Cook County share my desire to find a solution for this mess.
We're asking either the state courts or Legislature to order the banks to simply conduct very basic work before requesting an eviction.
I've come to this point after spending the last year trying to work with the banking industry, even asking the Legislature to pass a bill requiring them to -- at a minimum -- let us know if any children, disabled or senior citizens live at the home, so we can connect them with social services. That effort was killed by banking industry lobbyists.

Until the banking industry steps up and does the right thing, I won't continue to risk violating the law and open taxpayers to further liability.
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post #2 of 3 (permalink) Old 10-10-2008, 12:45 PM Thread Starter
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Another scam perpetrated by the real estate "professionals"
exposed ....

Plucky community group alerted sheriff to evictions :: CHICAGO SUN-TIMES :: Mark Brown
The real heroes here, though, were Diane Limas and Emily Burns from the Albany Park group and the residents of a tidy brick building at 4914-4916 N. Spaulding, in particular Esteban and Maria Cruz, Pedro Ramirez and Alma Aquino.

They were savvy and gutsy enough to stand firm earlier this summer when a real estate agent [Ed: criminal] working for one lender started using illegal bullying tactics to scare off the tenants, putting fliers in their mailboxes that said they had a week to move.
The community group investigated and found that an amazing scam had taken place.

As I first reported to you in June, Romanian businessman [Ed: criminal] Mihail Stancu bought the building, filed paperwork as if he was converting it to condominiums, then took out loans on each unit without actually making any improvements to them. In the process, he cleared more than $1 million before fleeing the country. The tenants knew nothing.

Some believe there are as many as 200 such fraudulent condo conversions now in foreclosure in Chicago. More common is your garden variety landlord getting in over his head. Either way, Dart said his deputies are showing up at more and more homes inhabited by someone other than the person they were supposed to evict.
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post #3 of 3 (permalink) Old 10-10-2008, 12:48 PM
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The national grassroots rescue plan was defeated by the GOP primary process in conjunction with the U.S. corporate media.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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