Remember that under EPA regulations, any person or organization that has EVER had any ownership or possession of the property may be held totally responsible for any clean-up costs. 

That said it is just as outrageous how little effort governments make to get people these funds they owe to homeowners.

Not sure how your local governments work there though.

I have build homes and office buildings, garages etc from drafting drawings to working with city and government officials, engineers, architects and finally moving people in.I am a disabled Veteran, But I am not asking for a hand out, Just a leg up to get going. 

In my humble opinion, once it's been approved, it would take a revolution to overturn it :(I am one of the probably hundreds if not thousands of small investors that got punched in the stomach real hard because of this situation, and I know there are several others out there (still ignorant to the fact) who will, eventually, have many sleepless nights because of this.I was very new and ignorant to real estate rules, laws and regulations when I started.

get checking out that tax sale stuff i told you about. got to the county court house near you and every city government building near you and ask what they do with tax delinquent houses. you are going to stumble upon a deal, trust me. 

Shouldn't there be stricter regulations on real estate licensees to protect the same "unsophisticated" buyer(s)?

I believe Dion was referring to Government Sponsored Enterprises (like Fannie Mae and Freddie Mac) and how their loan guidelines might differ from those of a portfolio lender. 

Many folks believe that because Chicago is much more diverse in its industries, economy and has better job creation strengths, that Chicago will be immune from Detroit's death spiral of (a) borrowing and pension debt, (b) failure to control the costs of government, (c) loss of state revenues, (d) bad public schools and (e) ever increasing tax burden for working, middle class families.My interest in this question stems primarily from the dramatic price declines in Detroit real estate prices before its municipal bankruptcy. 

Valid means of Government Identification.For purpose of identification, I include my passport as attachment in this email.NOTE: I check my email almost on hourly basis as this is the only way I communicate until I can have my voice back.