Good News: Cook County Sheriff Won’t Evict You
Rather, the banks may have to do it themselves. As shown in the Statesman, the Cook County Sheriff refuses to do the bank’s dirty work anymore. While he may face some serious charges and (ironically) jail time, this is tremendous good news for those facing foreclosure in Wilmette, Winnetka, Evanston, and the Chicago area.
The Trib reports that foreclosures “are expected to reach a record high of 43,000 this year, compared with 18,916 in 2006.” That’s a lot of people to put out on the street.
In places where the number of renters is high, it is incredibly bothersome to the police, who must evict tenants who aren’t on the mortgage. Beyond that, it creates a nasty neighborhood atmosphere and puts the anger and misery out on the street for you to watch. You might see why people are calling him an “American Hero” as bad times have hit hard.
Sheriff Dart is making a bold decision, and may set a bad precedent for law enforcement. Some argue that this will allow banks to tighten lending even more, posing a threat to businesses and home buyers who rely on these funds. On the flip side, those high Cook County taxes you may be paying are going straight to the labor of the police, essentially doing the bank’s dirty work.
This isn’t fair to anyone. Except the banks.
I have tremendous respect for Sheriff Dart’s decision–let’s come up with a better plan to fix this crisis!
467 LINDEN St #467
WINNETKA, IL 60093
Price: $342,000
Beds: 2
Baths: 1.1
686 FOXDALE Ave
WINNETKA, IL 60093
Price: $580,000
Beds: 2
Baths: 2
1137 CHERRY St
WINNETKA, IL 60093
Price: $599,000
Beds: 4 On Redfin: 201 days
Baths: 2
