Petition Closed
Petitioning Senator Dick Durbin and 7 others
This petition will be delivered to:
Senator
Dick Durbin
Governor
Patrick Quinn
U.S. Senate
President of the United States
Illinois Governor
CBS, Investigative Reporter
Pam Zekman
President & CEO of American Chartered Bank
Dan Miller
American Chartered Bank, Chairman of the Board
Robert Riter

Reverse the foreclosure on our home

1,589
Supporters

In 1995 my wife and I purchased a building in Chicago in the Old Town neighborhood. In 2002 my wife was diagnosed with Multiple Sclerosis also known as MS. We enjoyed our building for approximately twelve wonderful years, but clearly our focus had changed. We needed to make our building handicapped accessible, as my wife struggled to climb thirty-two stairs to the second floor. Eventually confined to a wheelchair, my son and I would have to carry her up and down the stairs.

On 09 August 2007, we decided to sell our building to IT2K Develop­ment LLC. We would retain a condo in the building for $630,000.00, which would also include two parking spaces. IT2K Development agreed to make the new building handicap accessible as well as the new anticipated condo home.

IT2K development used $630,000.00 of our money to help finance the new construction of the building, along with a construction loan from American Chartered Bank. After two years of construction, the building was left unfinished with six out of the eight residential units unsold, along with the commercial space. Therefore IT2K defaulted on the loan agreement that started in 09 August 2007 and ended on 09 August 2009.

The looming real estate crisis subsequently derailed the project causing the bank to reclaim their interest in the building. The bank demanded an extra $250,000.00 from my wife and I, or they would foreclose on our home. A judgment of foreclosure was received against us on the 19 June 2013. Now, we are being forced out of our home and we are asking for your help to keep what is rightfully ours.

Thank you for your support and helping us fight for our home. 

 

Any donations to help with legal fees would help our family out tremendously. 

http://www.gofundme.com/dayfamily

 


Letter to
Senator Dick Durbin
Governor Patrick Quinn
U.S. Senate
and 5 others
President of the United States
Illinois Governor
CBS, Investigative Reporter Pam Zekman
President & CEO of American Chartered Bank Dan Miller
American Chartered Bank, Chairman of the Board Robert Riter
I just signed a petition calling on American Chartered Bank to immediately reverse the foreclosure on Ronald and Harolyn Day's Chicago home and to release their deed.

In 1995 Ronald and Harolyn purchased a building in Chicago in the Old Town neighborhood.

In 2002 Harolyn was diagnosed with Multiple Sclerosis. Together they raised their four children in their building for approximately twelve wonderful years.

They needed to make their building handicapped accessible, as Harolyn struggled to climb thirty-two stairs to the second floor. Eventually confined to a wheelchair, her son and husband would have to carry her up and down the stairs.

On 09 August 2007, they decided to sell their building to IT2K Development LLC. They would retain a condo in the building for $630,000.00. IT2K agreed to make the new building and their anticipated condo home handicap accessible.

IT2K used the Day families $630,000.00 to help finance the new construction of the building along with a construction loan from American Chartered Bank. After two years of construction, the building was left unfinished with six out of the eight residential units unsold including the commercial space and no handicap accessibility. IT2K defaulted on the loan agreement that started in 09 August 2007 and ended on 09 August 2009.

The looming real estate crisis subsequently derailed the project causing the bank to reclaim their interest in the building. The bank demanded an extra $250,000.00 from the Day family or they would foreclose on their home.

On 19 June 2013, a judgment of foreclosure was received against them.
We are frustrated that the Day family is being forced out of their home and asked to pay additional money in order to keep what is rightfully theirs.

We are asking for your support to help them fight for their home.