10.08.2008

Chicago Police won't evict foreclosed- sued by mortgage companies

"My job as sheriff is to follow court orders, absolutely," he said. "But I'm also in charge of making sure justice is being done here and it is clear that justice is not being done here."

Chicago's chief of police is refusing to evict people from their foreclosed homes.

It seems the main concern is renters whose landlords are in foreclosure, but I don't think the Police are limiting their refusal to evict to those cases. The issue of those renters indeed seems like a valid concern and let's hope there can be some form of temporary protection for renters whose landlords haven't told them they're being foreclosed! Still....It seems that the police will not be participating in evictions of regular foreclosed home-owners themselves, and that's where the question of "Justice" arises. So, HE (the Sheriff) decides what the law is now?

An update: Mortgage companies are now suing the Chicago Police. I think we're going to be seeing all sorts of sticky questions like this, questions of how aggressively to enforce certain laws, how to fairly protect the people who are getting shafted (like those renters), and also the people/banks who are owed money or assets. We'll see judges who try to massage cases' outcomes in an effort to prevent either side from being irreparably hurt.

A few weeks ago, the Chicago Tribune's editorial board wrote a piece calling for a Cook-County (Chicago) Moratorium on foreclosures for 6 months-a year! One of their sentences was something like, "sure maybe a 90-day moratorium would be a more reasonable proposal, but it's just not long enough to be certain it would work. So we're calling for a 6 month to one year moratorium on foreclosures".

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