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Maldonado: "Time to level the playing field"
For consumers who buy or sell a home in Illinois, there is no way around it: they will pay taxes to transfer the title of a home from seller to buyer.
But for banks, the situation is different. Banks and other mortgagees or secured creditors that foreclose on a home don't pay a tax connected to the transfer of the title in question. And at least one Chicago alderman says it's time to change that exemption.
Maldonado recently proposed to the city's Finance Committee a resolution that would give voters a chance to change the exemption and make banks pay for transfer taxes on foreclosures. A public hearing is scheduled for July 28th. The vote will take place after the hearing.
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Ald. Maldonado listening to a constituent's concerns. |
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Letter to the Alderman
Dear Alderman Maldonado,
I would like to thank you again for helping us reclaim our block from
the gangs.
Recently, Chicago Streets and Sanitation came out and trimmed our trees.
My partner, Mike Nowak, took pictures and then talked about the whole situation on his radio show on WCPT. We put a slide show of the pictures and a short article about the work that is happening in our neighborhood on his website.
Again, let me thank you for everything.
Warmly, Kathleen
Latest News
Want to Connect with Alderman Maldonado?
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Every Monday you can meet him at Ward Nite, between 4:00pm and 6:30pm. Walk-ins are welcome.
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Every Thursday you can listen to him on WRTO, 1200AM, between 4:00pm - 5:00pm. |
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