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Showing posts from June, 2010

Keep your eye on Chicago City Council

Is the City of Chicago preparing  to start taxing foreclosures?

@ Properties agent Robert Darrow of @ Properties posted an interesting piece yesterday on his always informative blog, suggesting that very thing, Apparently, 26th ward Alderman Roberto Maldonado has  introduced proposed legislation to the City Council, assessing the transfer tax on bank acquisitions of foreclosed properties.  There is not much other information on the internets to flesh this story out, so it may be a bit premature to take sides on this one. What the heck, here is my take so far: