ironjaw

Tue, 07 Apr 2009 20:24:32 -0600

Dart was elected to head the office of Cook County Sheriff, not some social welfare agency. Part of his job is to execute orders for possession that have been duly entered by Cook County judges, not to make the eviction process “less burdensome” for renters. He brags about how few evictions arising out of foreclosures his office has completed since October when he should be removed from office for not doing the job he was elected to do and for misusing his office. Dart continues to evict renters for nonpayment of rent, so he is obviously anti-mortgagee, not pro-renter. I can't imagine why any mortgage lender would still be willing to lend money for the purchase, or refinancing, of residential real estate in Cook County, when those lenders are currently unable to obtain possession of their collateral after completing the foreclosure process so that they can market the properties and mitigate their losses. These types of actions, or inactions, by elected public officials (and those ranks in Cook County appear to be growing) that blatantly frustrate mortgagees’ ability to exercise their legal rights are merely going to exacerbate the housing market in Cook County.

Chicagoist: In Illinois, Hope in a Tough Housing Market

ironjaw