Grantor/Trust No. I then asked him if there was a prescriptive period where a transfer could be accomplished tax free and he said, no.

Transcription

1 Now it is known that the parcel/buffer zone that was supposedly purchased in a separate transaction by the Obama s from Rezko to keep anyone from developing that parcel, i.e. the buffer zone, is a lie. The parcel was actually deeded by Rezko to the Trust in 2006 creating PIN # which was in existence for only one month as per the CCRD. Fig 1 Result Matches:[1 1 of 1] Documents for PIN: Document No. Document Type Date Recorded Grantor/Trust No. Grantee/Trust No. Prior Document DEED IN TRUST 02/16/2006 REZKO RITA M NORTHERN TRUST CO TR / Source Cook County Recorder of Deeds My contact at the Cook County Assessor s Office informed me that an assessment has never taken place on the lot and he informed me that he was unaware of one ever taking place. I then asked him if the property was transferred in a Deed in Trust would that negate the need for an assessment, and he said, no, an assessment must be done for tax purposes. I then asked him how about if it was absorbed into another parcel he then said, that would be creating two separate transactions for the same parcel without a proper assessment being completed on the property in question. I then asked him if that would constitute and illegal real estate transaction and he said, yes because there has been no assessment and no taxes paid for the property. I then asked him if there was a prescriptive period where a transfer could be accomplished tax free and he said, no. I followed up with the question, if a property is transferred without an assessment being completed and without taxes being paid on said property has a crime been committed? and he said, yes, both real estate and tax fraud have been committed.

2 Fig 2 Cook County Property Tax and Payment Information No property was found under this PIN. Please search again. Please Note: Newly divided PINs for which there is no first installment bill will NOT appear on the payment list. Search Again: PIN Search: Use the search field below to search property tax information. Enter your 14-digit PIN: Source: Cook County Treasurer s Office Q. Why was there never an assessment done for the buffer zone for tax purposes? Fig 3 Result For:[ ] Document No. Executed Recorded Document Type Case No. Amount /11/ /16/2006 DEED IN TRUST $104, Legal Description Secion-Township: SubDiv-Condo: CLARK&TP/L/7-10B/16 Lot #: 3 Block #: Part of Lot: P Secion-Township: SubDiv-Condo: CLARK&TP/L/7-10B/16 Lot #: 4 Block #: Part of Lot: P Property Description UPIN Grantor(s) Name: REZKO RITA M Trust Number:- Grantee(s) Name: NORTHERN TRUST CO TR Trust Number:10209 Prior Document Source: The Cook County Recorder of Deeds I was then referred to a woman named, Carmen and she informed me that PIN # does not exist anymore and it was changed to PIN # in I then asked Carmen how that can be since PIN # has been in existence since 2005 and she could not give me an answer. I then asked her if someone there at the CCRD could have done something negligible with the PIN # s and she had no comment for that question.

3 Fig 4 Layers to the deal 1. Rezko buys lot from Wondisford with a $500, MTG 06/20/ Warrantee Deed from Wondisford for $625, to Rita Rezko 06/20/ month gap in which the 02/16/2006 deal takes place for the buffer zone and the nonassessed and non taxed parcel is transferred to The Northern trust Co., Trust # while in the meantime PIN # disappears in 2007 right when the documents start showing up again under PIN # as per the Cook County Assessor s Office /02/2007 Rezko Attorney and Obama friend Michael Sreenan creates 5050 S Greenwood Ave LLC and purchases the remaining lot from Rezko minus the buffer zone that has now been absorbed by PIN # without an assessment completed or without any taxes ever being paid on the parcel. 5. As per CCRD the lot has since been granted back to 5050 S Greenwood LLC and yet John D Pulos is still the tax payer on record for 5050 S Greenwood Ave. in Chicago, IL.

4 The following graphic image is from the IL Secretary of State s office which shows 5050 S Greenwood LLC Ave LKC created by Sreenan, who was Tony Rezkos Attorney and business Partner in order to facilitate the transaction for the Obama s. Note the filing date. Fig 5 LLC MEMBERS Entity Name 5050 S. GREENWOOD, LLC File Number Name Address SREENAN, MICHAEL J 2423 N RACINE AVE, CHICAGO, IL LLC FILE DETAIL REPORT Entity Name 5050 S. GREENWOOD, LLC File Number Status INVOLUNTARY DISSOLUTION On 04/10/2009 Entity Type LLC Type of LLC Domestic File Date 10/05/2006 Jurisdiction IL Agent Name MICHAEL J SREENAN Agent Change Date 10/05/2006 Agent Street Address 2500 W ROOSEVELT RD STE 300 Principal Office 853 N. ELSTON AVE. CHICAGO, IL Agent City CHICAGO Management Type MBR View Agent Zip Duration PERPETUAL Annual Report Filing Date Series Name 00/00/0000 For Year 2008 NOT AUTHORIZED TO ESTABLISH SERIES Return to the Search Screen BACK TO CYBERDRIVEILLINOIS.COM HOME PAGE

5 Fig 6 [Back One Page] Result Matches:[1-7 of 7] Documents for PIN: Document No. Document Type Date Recorded Grantor/Trust No. Grantee/Trust No. Prior Document RELEASE 01/12/2009 FIFTH THIRD BK 5050 S GREENWOOD LLC WARRANTY DEED 03/25/ S GREENWOOD POULOS JOHN D WARRANTY DEED 02/02/2007 REZKO RITA M 5050 S GREENWOOD LLC MORTGAGE 02/02/ S GREENWOOD LLC FIFTH THIRD BK WARRANTY DEED 06/20/2005 WONDISFORD FREDRIC E REZKO RITA M MORTGAGE 06/20/2005 MURUAL BK REZKO RITA M ASSIGNMENT 06/20/2005 REZKO RITA M MUTUAL BK Source: Cook County Recorder of Deeds

6 As one can see from the CCRD pull on the previous page for PIN # , there is no mention or documentation of the Rezko transaction for PIN # which as per the Assessor s Office, did not exist anymore and was changed to PIN # in The questions that have not been asked are why were the transaction not properly recorded and why was there no assessment done on the separate real estate transaction that created the buffer zone for the Obama s. Basically there has been real estate fraud and tax fraud committed by the Obama s and or the Northern Trust Co. The lot was gifted to The Northern Trust Co., Trust # in 2006.

7 The following three graphic images will point out the existence of PIN# prior to the year that the Cook County Assessor s Office told me that it did not exist. Revert back to Fig 1 for reference as to the next three images for PIN # dating back to 2001 when this PIN shows up in the assessment records for Cook County. They will be posted in ascending order from oldest to newest. Fig 7

8 Fig 8

9 Fig 9

10 So, technically the Obama s supposedly paid $104, for a lot with an assessed value of $9, with PIN # dating back to Yet as per the CCRD and the Cook County Assessor s Office the lot was transferred to The Northern Trust Co., Trust # by the use of a Warranty Deed on 02/16/2006, and PIN # which was then deleted and transformed into PIN # , which as per the CCRD was created in 2005 and yet as per the Cook County Assessor s Office was created in This is why people have been so confused when searching for these PIN # s and trying to ascertain the proper information for 5046 S Greenwood Ave., Chicago, IL This was a maze created to confuse people without a Debt Collector s and Skip Tracer s experience and mind set. Sometimes we have to think like a crook in my line of work.

11 Fig 10, is a graphic image of all of the PIN # s that have been associated with 5046 S Greenwood Ave and 5050 S Greenwood Ave with vacant lots as mailing addresses and so on.

12 Fig 10 Cook County Property Tax and Payment Information No property was found under this PIN. Please search again. Please Note: Newly divided PINs for which there is no first installment bill will NOT appear on the payment list. Search Again: PIN Search: Use the search field below to search property tax information. Enter your 14-digit PIN: Q. Why was there never an assessment done for the buffer zone for tax purposes? Fig 11 Result For:[ ] Document No. Executed Recorded Document Type Case No. Amount /11/ /16/2006 DEED IN TRUST $104, Legal Description Secion-Township: SubDiv-Condo: CLARK&TP/L/7-10B/16 Lot #: 3 Block #: Part of Lot: P Secion-Township: SubDiv-Condo: CLARK&TP/L/7-10B/16 Lot #: 4 Block #: Part of Lot: P Property Description UPIN Grantor(s) Name: REZKO RITA M Trust Number:- Grantee(s) Name: NORTHERN TRUST CO TR Trust Number:10209 Prior Document Source: The Cook County Recorder of Deeds The graphic image on the following page is from the Cook County Assessor s Office for 5050 S Greenwood Ave which shows the assessed value for the lot that Rezko sold to Sreenan who the sold it to Poulos, who then deeded it back to 5050 S Greenwood Ave LLC in 2009 and yet Poulos is still paying the taxes on the property as of 2011.

13 Fig S Greenwood Ave PIN Property Details This property is currently being reviewed by the Assessor s Office for possible improvements. City Chicago Township Hyde Park NBHD. 20 Taxcode Class 1-00 Assessed Valuation 2010 Board Certified Assessment 2009 Board of Review Certified Land Assessed Value 28,807 28,807 Total Assessed Value 28,807 28,807 Property Characteristics Description Vacant Land Land Square Footage 8,002 Source: The Cook County Assessor s Office

14 Now let s look at some fuzzy dollar amounts for the lot(s): Reference Fig 26 when trying to reason the thought patterns for this addition to the maze involved in this multilayered transaction S Greenwood Ave PIN # assessed values are noted below Board Certified Assessment 2009 Board of Review Certified 28,807 28,807 The following graphic images show the dollar amounts in mortgages and warranty deeds for 5050 S Greenwood Ave., PIN # up to Please compare the above Board Certified Assessment values for the property in question and the values as noted below for the same property and PIN # as referenced in Fig 6. The following images are self explanatory. Fig 13 Fig 14 Document No. Executed Recorded Document Type Case No. Amount /15/ /20/2005 MORTGAGE $500, Fig 15 Document No. Executed Recorded Document Type Case No. Amount /29/ /02/2007 MORTGAGE $375, Fig 16 Document No. Executed Recorded Document Type Case No. Amount /28/ /02/2007 WARRANTY DEED $575, Fig 17 Document No. Executed Recorded Document Type Case No. Amount /17/ /25/2008 WARRANTY DEED $675, Document No. Executed Recorded Document Type Case No. Amount /26/ /12/2009 RELEASE $0.00

15 John D Poulos as per the CCRD and the Assessor s Office is paying the taxes for 5050 S Greenwood Ave which has reverted back to 5050 S Greenwood Ave LLC as of Why? What is Poulos s connection to Sreenan and the Rezko s? This very complex and multilayered real estate transaction is schizophrenic in its complexity. There can be no doubt that it; the transaction was devised so as to confuse the laymen investigator. There can be no doubt that the numbers just do not add up so as to make this transaction a conventional real estate transaction, both for the Big House and for the lots in question. Most importantly there has been no proper assessment for the buffer zone, as pert the Assessor s Office in Cook County, creating a fraudulent real estate transaction and a tax evasion event that has not been discovered until now as it pertains to the $104, lot that has basically disappeared. WND was assisted in this article by AL Hendershot Jr., President and owner of Innovative Portfolio Recovery Inc., a Debt Collection and Skip Tracing Firm in Birmingham, Alabama. AL Hendershot is also the creator of