City can’t bill Fannie Mae for demolition

A state appeals panel on Tuesday denied the city of Chicago’s attempt to slap Fannie Mae with the cost of demolishing a foreclosed property in 2015.The city asserted that, under the state’s Unsafe Property Act, all it had to do was file a motion in court to recoup $27,042 it spent demolishing the house at 535 W. 60th St. in Englewood.But the 1st District Appellate Court rejected that interpretation, finding in a …

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