McHenry County Officials Issue Warning about Possible Fraud in Home Purchase Solicitations

McHenry County State’s Attorney Lou Bianchi, County Clerk Katherine Schultz and Recorder of Deeds Phyllis Walters have issued the following press release concerning investors who may be offering to help distressed homeowners:

State’s Attorney Louis A. Bianchi, McHenry County Clerk Katherine Schultz and the McHenry County Recorder Phyllis Walters are jointly informing the public of a significant increase in the number of investors soliciting County homeowners who may be facing serious economic difficulties.

With the increased number of foreclosures occurring in the County, it is very clear that many McHenry County residents are financially struggling to the point that they are on the verge of losing their homes.

Economic times like these give rise to opportunistic investors that will try to turn struggling families and individual’s bad fortunes into their own good fortune. This conduct is not necessarily illegal.

However, with a growing concern of property fraud, please take caution with individuals who solicit you through offers to pay off your loans, pay the real estate taxes or offer you a quick sale of your home.

Before signing any documents or turning any property over you should consult with an attorney of your choice for legal advice.

We are also mindful that our senior citizens are especially at risk for falling victims to financial schemes or avenues that seem to be an easy way out of difficult financial circumstances.

So we also ask the public to check on family and neighbors that are senior citizens to make sure that they are doing okay, and that they are availing themselves of the benefits and services that are available specifically for them such as Senior Services and senior citizen’s property tax exemptions and the like. If an offer seems too good to be true, it probably is.

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McHenry County State’s Attorney Lou Bianchi can be seen on top. At the table are sitting McHenry County Clerk Kathie Schultz and McHenry County Recorder of Deeds Phyllis Walters.

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