Local

Clerk: $18M due to foreclosed homeowners

Tuesday, August 25, 2009
Tags:
local

Cook County Circuit Court Clerk Dorothy Brown says her office has found more than $18 million in mortgage surplus money that belongs to people who lost their homes to foreclosure in the last two decades.

The surpluses occur when the bank sells foreclosed homes for more than the homeowners owe.

The clerk's database found about 1,900 people are due surplus money.

The surpluses mostly involve foreclosures from the 1990s and not the recent subprime mortgage collapse.

(Copyright ©2014 WLS-TV/DT. All Rights Reserved.)

Get more Local »


Tags:
local
blog comments powered by Disqus
Advertisement