Mundelein developer’s lawsuit overlooks benefits of title acquired via tax deed

A housing developer is suing Mundelein for the ability to build a 45-unit apartment building for low-income seniors on downtown property the village says is still subject to a 2006 townhouse project that never started. The developer’s predecessor in title acquired the property via tax deed after the former owner failed to pay taxes. Pursuant to the Illinois Property Tax Code, the title acquired via tax deed conveyed “new and merchantable title” and wiped out not only the prior owner’s interest in the property, but also the redevelopment agreement between the former owner and the village.

For more information, click here (link courtesy of Chicago Tribune).

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