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mopinko

(73,079 posts)
4. a friend just shared this on fb-
Sun Oct 5, 2025, 12:01 PM
Oct 5

Ryann Katherine Moran
·
The 7500 S South Shore building is: (a) 1 of 3 buildings subject to a pending foreclosure against the owner for $25.7m loan default; (b) the subject building in a lawsuit the city filed regarding code violations, some as old as 2+ years; and (c) movers appeared the next day to clear out detained tenants' property (an illegal lockout). Also, the building is < 3 miles from the Obama Presidential Library, which is leading to rapid gentrification in the nearby area.
The city filed a motion to appoint a receiver to manage the building, which was presented in court on Sept. 25, just a few days before the Sept. 30 raid. In the foreclosure, the Court granted leave for the mortgagee bank to file an emergency motion to appoint a receiver on Sept. 19. The hearing on the motion was set for October 1 at 9:30 a.m., less than 36 hours after the raid was conducted.
It's hard for me to believe this is all coincidental.

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