CBS Channel 2 reports that the Cook County Circuit Court Clerk's office is holding almost $18 million in unclaimed funds. These funds are owed to those whose homes were sold at auction and actually sold for more than the value of the mortgage.
The money is held until someone claims it. The big problem is that the notice is sent to the last known address for the former home owner. That address is often the property address. Since the individual has already vacated the property, no notice is received and the money just sits. The Clerk's office makes attempts to call people owed their surplus, but with limited results.
Needless to say, those who have been foreclosed upon may want to visit the Clerk's website and see if there is a surplus waiting.
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