“Questions Answered for the Obama $104,500.00 “Buffer Zone, A Gift From Rita Rezko To The Trust”

“Questions Answered for the Obama “Buffer Zone” 

This Blog post is in connection to a nearly completed article that I have been working on with Jerrome Corsi, Sr. Writer for Wold Net Daily (WND) for quite some time.  The article will be entitled, “Investigator claims Rezko “buffer zone” transferred to Obama’s Chicago mansion in real estate and tax fraud scheme”  written by Jerrome Corsi.

When the Northern trust Co. Trust # 10209 purchased the house for the Obama’s the lot that the house stood on was too small for the Obama’s taste.  It should be noted that the Obama’s do not own the Trust that owns the house.  They then wanted to create a “buffer zone” as they put it just in case anyone wanted to develop 5050 S Greenwood Ave., which is the adjoining property to the house that the Obama’s stay at when they are in Chicago.

Now it is known that the parcel/buffer zone that was supposedly purchased in a separate real estate 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 # 20-11-115-035-0000 which was in existence for only one month as per the CCRD.  However as per previous assessments PIN # 20-11-115-035-0000 was in existence for several years prior to the Rezko deal which deeded the “buffer zone” to the trust and not to the Obama’s creating a separate real estate transaction.

	Document No.	Document Type	Date Recorded	Grantor/Trust No.	Grantee/Trust No.	Prior Document
	0604733162	DEED IN TRUST	02/16/2006	REZKO RITA M	NORTHERN TRUST CO TR / 10209	Bottom of Form

Source Cook County Recorder of Deeds

FYI:  If one wants to find the documents forThe Northern Trust Co., Trust # 10209, the real owner of 5046 S Greenwood Ave, Chicago, IL 60615 one has to follow the link below.  The documents pertaining to 5046 S Greenwood Ave are the eighteenth set of documents down from the top.

http://www.ccrd.info/CCRD/controller?commandflag=searchByTrustNumber&optflag=SearchCommandForIL&county=il031&userid=null&userCategory=7&nameid=431559&ptrno=330216310&instrumentnumber=0604733162&fileDate=02/16/2006&doctype=DEED%20IN%20TRUST&partytype=&name=NORTHERN%2BTRUST%2BCO%2BTR&officeid=70&lastname=NORTHERN+TRUST+CO+TR&trustnumber=10209&section=28&township=42&range=12

As per the Obama’s the lot was purchased by them from Rezko, however, the document pull from the CCRD tells a different story.

Note that the Obama’s are not mentioned as the owner’s of the “buffer zone” as they say they are.  The actual owner is a Trust from the Northern Trust Co., Trust # 10209.  This also relates to the true owner of 5046 S greenwood Ave which is not the Obama’s.

Result For:[0604733162] Document No. Executed Recorded Document Type Case No. Amount 0604733162 01/11/2006 02/16/2006 DEED IN TRUST $104,500.00
Legal Description Secion-Township: 11-38-14 SubDiv-Condo: CLARK&TP/L/7-10B/16 Lot #: 3 Block #: Part of Lot: P Secion-Township: 11-38-14 SubDiv-Condo: CLARK&TP/L/7-10B/16 Lot #: 4 Block #: Part of Lot: P
Property Description 20-11-115-035-0000 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

One of the reasons why it has been so difficult as to ascertain the validity of the lot is due to the fact that an address was never assigned to the lot therefore making it virtually impossible as to ascertaining weather or not an assessment has ever been completed or if taxes have ever been paid for the separate real estate transaction that took place in 2006 between Rezko and the Trust that the Obama’s never started.  The “buffer zone” was simply absorbed by PIN # 20-11-115-037-0000 with out ever being assessed or taxed.

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”.

I was then referred to a woman named, Carmen at the Cook County Assessor’s Office and she informed me that PIN # 20-11-115-035-0000 does not exist anymore and it was changed to PIN # 20-11-115-036-0000 in 2007.  I then asked Carmen how that can be since PIN # 20-11-115-036-0000 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.  She also could not answer why PIN # 20-11-115-035-0000 was transformed in 2007 to the already existing PIN # 20-11-115-036-0000.

The following graphic Image is from a report I completed for Jerrome -Corsi and World Net Daily on the Obama “buffer zone”.  It clearly shows where and how the crime took place- in –2006 with the help of Rezko and the Northern Trust Co.–

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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.

5050 S Greenwood Ave PIN # 20-11-115-036-0000 – assessed values are noted below.

2010 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 # 20-11-115-036-0000 up to 2009.  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 5.

Fig 13

Document No.	Executed	Recorded	Document Type	Case No.	Amount
0517133005	06/15/2005	06/20/2005	MORTGAGE		$500,000.00

Fig 14

Document No.	Executed	Recorded	Document Type	Case No.	Amount
0703357023	12/29/2006	02/02/2007	MORTGAGE		$375,000.00

Fig 15

Document No.	Executed	Recorded	Document Type	Case No.	Amount
0703357022	12/28/2006	02/02/2007	WARRANTY DEED		$575,000.00

Fig 16

Document No.	Executed	Recorded	Document Type	Case No.	Amount
0808557034	03/17/2008	03/25/2008	WARRANTY DEED		$675,000.00

Fig 17

Document No.	Executed	Recorded	Document Type	Case No.	Amount
0901210039	12/26/2008	01/12/2009	RELEASE		$0.00

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 2009.  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.

• Fact:  PIN # 20-11-115-037-0000 was never recorded with the CCRD because Trust # 10209 was recorded using PIN # 20-11-115-034-0000 insulating the parties involved in the sale of the BIG HOUSE and not including the sale of the “buffer zone” or adding PIN # 20-11-115-035-0000/20-11-115-036-0000 to the documents pertaining to 5046 S Greenwood Ave, the property owned by Trust # 10209 of The Northern Trust Co.  This created two separate events, one in 2005 and the other in 2006, with the second event i.e. the “buffer zone” never being properly assessed or taxed and absorbed by PIN # 20-11-115-037-0000.

• Fact:  In 2006, the separate real estate transaction for the lot added 1,907 SF to the lot at a value of $54.79 PER SF – 54.79 x 1907 = 104,484.53. creating a 12,047 SF lot for PIN # 20-11-115-037-0000 when the extra square footage was absorbed creating the larger parcel of land for the Big House.

Most importantly there has been no proper assessment for the “buffer zone”, as per 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 $104,500.00 lot that has basically disappeared.  Again, the Obama’s own nothing, and yet the City of Chicago is spending Millions of dollars annually in man-hours on security for a house that the Obama’s do not own.