Mayoral candidate Ald. Raymond Lopez hasn’t made mortgage payment in nearly 10 years: suit

CHICAGO — For nearly a decade, mayoral candidate Ald. Raymond Lopez has did not make mortgage funds on a property on town’s Southwest Side, totaling virtually $42,000, in line with a lawsuit filed earlier this year. 

Lopez, who has represented the fifteenth Ward in the City Council since 2015, secured a $44,800 mortgage on the two-story house close to sixty fourth Street and Kedzie Avenue in 2007, in line with county property information. 

However, he has “not paid the monthly installments of principal, taxes, interest and insurance for October 1, 2012, through the present; the Principal balance due on the Note and the Mortgage is $41,709.17, plus interest, costs, advances and fees,” in line with a lawsuit filed towards him in March. 

As alderman, Lopez should reside in the ward he represents. According to the Illinois State Board of Elections, he lives close to forty third Street and Western Avenue in Brighton Park, although county property information present he doesn’t personal that constructing.

The house on the heart of the foreclosures lawsuit is throughout the twenty third Ward.

Lopez didn’t reply to messages looking for remark.

County court docket information present that Lopez was the topic of an identical lawsuit filed in April 2012. In that case, he was additionally accused of failing to make mortgage funds on the identical property, although the suit was “resolved through loss mitigation” and dropped the next year, in line with court docket information. 

Lopez has remained one in every of Mayor Lori Lightfoot’s most vocal critics since she was elected in 2019, particularly with respect to crime in Chicago. Last month, he grew to become the primary challenger to Lightfoot’s re-election efforts. Since then, businessman Willie Wilson has additionally entered the race.

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