Inside these posts: Cook County

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‘Technical malfunction’ hits Recorder of Deeds site

People trying to access the Cook County Recorder of Deeds website this morning are being redirected to a site featuring ads.

The web address redirects users to a generic web page that lists a series of advertisements. At 10 a.m., county officials said they were working on fixing a “technical malfunction.”

Illinois’ top court forms foreclosure commission

The Illinois Supreme Court on Monday announced the formation of a special committee to investigate the fairness of mortgage foreclosures in Illinois and perhaps change the rules that govern the process. Get the full story »

Cook County: Extra month to pay property tax

Check the due date on your Cook County property tax bills that will arrive in the mail any day.

Property owners have an extra 30 days to pay their bills. The first installment, for the 2010 tax year, is due April 1, instead of March 1. Get the full story »

Chicago-area foreclosures soar 20% in 2010

A vacant home in Chicago Lawn, Feb. 16, 2009. (Antonio Perez/Chicago Tribune)

Bank repossessions of foreclosed homes in the Chicago region soared almost 20 percent, to more than 45,000 properties in 2010, despite various government and lender programs designed to keep people in their properties and a slowdown in fourth-quarter activity due to investigations of foreclosure procedures, new data show.

According to RealtyTrac, the online marketplace for foreclosure properties, 45,555 homes became bank-owned last year in the area between the Wisconsin border and northwest Indiana.

Also during the year, mortgage servicers filed 83,429 initial notices of default, the first step in the foreclosure process.

In the Chicago area last year, foreclosure filings totaled 80,618 in Cook County; 10,646 in DuPage; 9,041 in Kane; 2,612 in Kendall; 11,026 in Lake; 5,385 in McHenry; and 11,027 in Will. Get the full story »

Civic Federation: Simplify Cook County taxes

From Crain’s Chicago Business | The Civic Federation, a Chicago-based non-partisan government research organization, in a report today recommended Cook County simplify its property tax system, which has become overburdened by exemptions and mulitple layers of administration.

“We’re not calling for a massive immediate overhaul of the property tax system,” Laurence Msall, president of the Civic Federation, said in an interview. “We recommend that they do no further harm to the property tax system.” Get the full story>>