Wow, look at what you can purchase for just $1000! Auction – 7712 N Ashland.
Of course, you will also purchase the Code Violations. According to a very trusted source who does real estate law – the TOP floor of 7712 N Ashland sold July 1 for $75,000. *Thanks Chris for the auction and code links!
So I printed the information from the email including snapshots from the Cook County Recorder of Deeds for the Beat meeting. Still, the representative from the ward office insisted that someone lives there. Maybe – but who would want to live in a building where squatters and party people are running in and out all night? Who would really want to live in a building without a door knob, lock, or any kind of security?
It was suggested that with the ward’s help, corporation counsel could be contacted to put this place into receivership. "The city as well as Fannie Mae have the authority to have a receiver appointed to address these problems." Fannie Mae owns the other 3 units.
Any neighbors residing near 7712 N Ashland may contact me or call the ward office with this suggestion. Is it any wonder that the decline of any neighborhood is hinged on this type of quick sale to investors? This property has flipped several times since the first foreclosure. In between flips - non-resident 'owners' rented to anyone and their clan.