REAL ESTATE AND LAND TRUST SCAMS EXPOSED!

REAL ESTATE AND LAND TRUST SCAMS EXPOSED!


Real estate and land trust scams are prevalent in the Corrupt Cook County Probate Courts. Once guardianship is established, estates are hastily liquidated and property sold, often for a very small fraction of the assessed value of the home. Once the estate is liquidated, it is rapidly drained with exhorbitant legal and guardianship fees. The wards' estates are often sold off very rapidly in a depressed real estate market, making one wonder who the buyers are, and how quickly are they then re-selling the land for large profits. It is not surprising to learn that there is documented evidence that some of the bargain-priced homes are being purchased by the owners of the public aid nursing homes where the wards of the court are being moved.

If you suspect that your loved one has been financially exploited by a real estate or trust scam during their guardianship proceeding, you can research the facts by utilizing the websites noted below.

To see current assessed values of properties, and to search property addresses to obtain the PIN, please go to this site. By entering the property address, you can find out the PIN number.

http://cookcountyassessor.com/Property_Search/Property_Search.asp

After you get the PIN, you can go on this site to see Deed and sales history information. You can also find out Land Trust information on this site. For trust info, click on grantor/grantee tab, and type in the name of the owner and/or trustee. Copies of the information on this site may be downloaded or purchased by mail for $1.50, plus a $1.50 service fee.

http://www.ccrd.info/

You can also see sales information, including sales prices at:

http://www.zillow.com./

If you are a beneficiary of a land trust that is under the control of a guardian, it is advised that you become aware of your legal rights. Your rights are spelled out in this law:

The 2010 Illinois Code CHAPTER 765 PROPERTY

765 ILCS 405/ Land Trust Beneficial Interest Disclosure Act.

http://law.justia.com/illinois/codes/2010/chapter765/2185.html

More about land trusts can be found on the websites below:

www.obre.state.il.us/consumer/Tips/TRUSTS.HTM

http://www.realestateforprofit.com/landtrusts.aspx

http://illinois-attorney.com/landtrust.htm

We hope you find this information useful in your fight against guardianship abuse in the Corrupt Cook County Probate Courts!

Signed,

Your ProbateSharks Expert Real Estate Team