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Cook County Bulk Sales Form

Cook County Bulk Sales Form

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THIS IS CHICAGO'S VERY OWN WGN EVENING NEWS AT 6. MICAH MATERRE: NEW STUDY FROM THE COOK COUNTY TREASURER'S OFFICE REVEALS MORE ABOUT WHO BENEFITS FROM THE ANNUAL SALES TAX SALE. A STUDY OUT TODAY FINDS WEALTHY INVESTORS ARE USING THE SYSTEM TO RECOUP DELINQUENT PROPERTY TAXES TO MAKE MILLIONS OF DOLLARS. AND THOSE GAINS COMING AT THE EXPENSE OF BLACK AND LATINO COMMUNITIES. COOK COUNTY TREASURER MARIA PAP IS JOINING US NOW TO EXPLAIN MORE. THANK YOU FOR JOINING US TODAY. THANKS FOR HAVING ME. SO LET ME GIVE THIS A LITTLE CONTEXT, OK, PLEASE, I'M READING HERE. ANYTHING THAT DOESN'T GET SOLD GOES TO A TAX SALE AND EVERYTHING DOESN'T GET SOLD. EVERY COUPLE YEARS GOES ON A LIST. SO WE'RE TALKING HERE ABOUT A LAW THAT WAS CREATED IN THE 50'S. THIS LAW WAS SET UP BY TAXPAYERS WHO WE'VE COME TO FIND OUT IN THIS STUDY ARE PRIVATE HEDGE FUNDS ON WALL STREET. SO WHAT DO THEY DO? THEY COME INTO MY TAX SALE. THEY PURCHASE 8. PROPERTY TAXES ON A PARTICULAR AND AT THE END OF 2 AND A HALF YEARS WHEN

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