Saw something in the legal advertisements in the News-Gazette last week that caught my eye. If it runs again this week I will try to give citation to it.
If I read what I saw correctly, the owners of the Melrose Apartment complex on Bradley and Lincoln are being sued for non-payment of their mortgage. I would be curious to find out how long the current management company has had this complex, what their vacancy rate is, and how leasing is running for the 2008-09 school year.
News-Gazette, Thurs., 5-8-08 page c-7, column 3, 1st notice in column
GECMC 2005-C2 Melrose LLC, Plaintiff
vs. Case No. 08-CH-160
LINCOLN BOULEVARD ASSOCIATES, LLC, UNKNOWN OWNERS and NONRECORD CLAIMANTS, Defendants
NOTICE FOR PUBLICATION
...praying for the foreclosure of a certain mortgage conveying the presmises described as follows, to wit:
...Commonly known as:
1601 N. LINCOLN BLVD, URBANA, ILLINOIS 61802
P.I.N: 92-21-06-476-011 and 91-21-06-476-012
and which said mortgage was made by Lincoln Boulevard Associates, LLC...Document number 2005R06289...
file your answer...on or before May 27, 2008, a default may be taken against you at any time after that date and a Judgment entered in accordance with the prayer of the said complaint.
This communication is an attempt to collect a debt and any information obtained will be used for that purpose.
(Attorney's name; address is One North Wacker Dr., Chicago)