FROM: U.S. MARSHALS SERVICE
U.S. Marshals Announce Sales Contracts and Unsolicited Offer on Several Real Properties Titled to Rita Crundwell
Washington – The U.S. Marshals Service entered into contracts totaling more than $3 million with buyers Monday on the sale of three of five real properties titled to Rita Crundwell, the former comptroller of Dixon, Ill., who pleaded guilty to a federal charge of fraud in November.
U.S. Marshals received unsolicited offers totaling $1.69 million on three parcels of real estate in October. The Marshals announced the unsolicited offers and provided a process to receive counteroffers. A total of 13 offers were received. The same buyer is not under contract for more than one parcel. The Marshals do not release individual parcel sale contract prices or the identity of buyers. This information will become public at the time of title transfer through the offices of the Lee County, Ill., Clerk & Recorder, Treasurer and County Assessment. Closings are expected within the next 30 to 45 days.
The real property addresses under contract are 1403 Dutch Road, 1556 Red Brick Road and approximately 81 acres of farmland, all in Lee County, Ill.
The U.S. Marshals Service is responsible for managing and selling seized and forfeited properties acquired by federal criminals through illegal activities. Proceeds generated from asset sales are used to compensate victims, supplement funding for law enforcement initiatives and support community programs. As part of the Department of Justice’s Asset Forfeiture Program, the Marshals currently manage more than 23,000 assets with a value of $2.4 billion.
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