Are phony condo conversions hurting Chicago neighborhoods?

It’s poorly written and even more poorly edited, but a Sun-Times Homelife story chronicling the ways in which fraudulent condo conversions hurt neighborhoods is worth browsing. Have you seen buildings with phony or extremely superficial rehabs selling condos to phony buyers approved for mortgages by crooked mortgage brokers? The Sun-Times story makes the problem seem common, but there’s no mention of a specific example. Click on “Comments” below to tell us your story or point us to a troubled building that fits this scenario.

Note: We think that the “Maurello” mentioned in the story’s third paragraph is Angela Maurello, a program manager for the Community Investment Corporation and its Troubled Buildings Initative. Hard to know for sure since, in the version we checked, the story didn’t include her first name, organization or title. And we think that by “phoney” the reporter meant “phony.”

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