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26 request to hire a real estate broker that converting the property “into cash” would be the best way to preserve its value. Profits from any potential sale would be kept in escrow or held by the McHenry County circuit clerk until litigation between the state’s attorney’s office and mortgage holder Medford Real Estate Fund I is complete, the request stated. The property is home to several buildings, including a guest house, which contribute to the land’s $65,000 in annual property taxes. The second installment of 2016 taxes were sold at an annual tax sale. Interest on the $38,592.54 tax redemption cost will accrue at a 14 percent rate starting May 1, records show. McHenry County Assistant State’s Attorneys Tom Cahill and John Gibbons declined to comment on the civil and criminal cases tied to owner David A. Soskin’s arrest. The office hadn’t been required to respond to Newpoint’s proposal to sell the home because attorneys were in talks of reaching a settlement, according to a McHenry County court order. It is unclear where attorneys for either Medford or the state’s attorney’s office stand on settling the matter, or how money might be divided if the land were sold. Reached by phone Tuesday, attorney Kristopher Capadona declined to comment on whether Newpoint had plans to sell the property when it originally was appointed. Defense attorney Nicholas Giordano said in court Tuesday that he doesn’t foresee ever reaching an agreement with the state’s attorney’s office in regard to ongoing forfeiture cases looking to seize assets belonging to both Soskin and his fiancée, Jamie Lee. Giordano could not be reached for comment.
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