Families spared from mortgage madness

Chicago Sun-Times (IL) | July 29, 2008| | Copyright

'You could write a book about this one."

So said Cook County Associate Judge William Pileggi on Monday after hearing the story of seven families who diligently continued to pay rent and maintain their Albany Park apartment building, even after their landlord skipped town in an apparent mortgage swindle.

The landlord, Mihail Stancu, may have cleared more than $1 million from the scheme involving a fake condo conversion before authorities believe he fled to his native Romania.

All the tenants got for their honesty were eviction notices from lenders trying to take possession of make-believe ...

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