Chicago Foreclosure Lawyer, Illinois

Joshua M Martin

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Bankruptcy & Debt, Foreclosure, Real Estate Other, Bankruptcy, Consumer Bankruptcy

Josh is an accomplished litigator who represents clients in state and federal courts in real estate, debt and employment issues. His clients include ... (more)

FREE CONSULTATION

CONTACT

800-291-2160

2101 W Division, Chicago, IL 60622

Abraham Michelson

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Bankruptcy & Debt, Foreclosure

Established in 1972, our knowledgeable legal team can advise you on your rights and options for negotiating a viable solution to your credit woes. We'... (more)

CONTACT

800-686-8591

203 North Lasalle Street, Chicago, IL 60601

Sandra Margaret Emerson

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Real Estate, Foreclosure, Bankruptcy & Debt

Emerson Law Firm, LLC is a consumer law firm located in Oak Park, Illinois. The firm's attorneys -- Sandra M. Emerson, Matthew C. Swenson, and Richard... (more)

CONTACT

800-811-7961

715 Lake Street, Oak Park, IL 60301

Charles T. Newland

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Estate, Bankruptcy & Debt, Litigation, Foreclosure, Real Estate Other

Based in Arlington Heights, with satellite offices in Lake County, McHenry County, Du Page County and downtown Chicago, Charles T. Newland & Associate... (more)

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CONTACT

800-769-5350

121 S. Wilke Road, Arlington Heights, IL 60005

John J. Lynch

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Bankruptcy & Debt, Real Estate, Estate, Estate Administration, Foreclosure

Over 50 Years of Combined Legal Experience! Experienced Illinois Bankruptcy Law Attorneys

Are your financial problems forcing you to consider ban... (more)

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CONTACT

800-952-9511

1011 Warrenville Rd., Lisle, IL 60532

Colleen Thomas

Bankruptcy, Family Law, Divorce & Family Law, Foreclosure, Real Estate

Thomas Law Office is a family law practice that handles divorce and bankruptcy cases, as well as child custody, child support, adoptions and more. For... (more)

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30 N. Western Avenue, Carpentersville, IL 60110

Brian J. Russell

Bankruptcy, Condominiums, Consumer Bankruptcy, Workout, Foreclosure

Status: In Good Standing

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CONTACT

30 North LaSalle Street, Chicago, IL 60602

Patrick Neil Goodwin

Consumer Protection, Foreclosure, Credit & Debt, Corporate, Litigation

Status: In Good Standing

FREE CONSULTATION

CONTACT

218 N. Jefferson St., Chicago, IL 60606

John J. D'Attomo

Banking & Finance, Bankruptcy, Corporate, Foreclosure, Mental Health

Status: In Good Standing

CONTACT

200 West Adams Street, Chicago, IL 60606

Chad Hayward

Immigration, Foreclosure, Real Estate, Credit & Debt, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

205 W. Randolph Street, Chicago, IL 60606

800-923-0641

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LEGAL TERMS

INHERITORS

Persons or organizations who receive property from someone who dies.

HEIR

One who receives property from someone who has died. While the traditional meaning includes only those who had a legal right to the deceased person's property, ... (more...)

One who receives property from someone who has died. While the traditional meaning includes only those who had a legal right to the deceased person's property, modern usage includes anyone who receives property from the estate of a deceased person.

JUROR

A person who serves on a jury. Lists of potential jurors are obtained from sources such as voter registration rolls and department of motor vehicles' lists. In ... (more...)

A person who serves on a jury. Lists of potential jurors are obtained from sources such as voter registration rolls and department of motor vehicles' lists. In most states, employers are prohibited from discriminating against employees who are called for jury duty--that is, they cannot demote or fire an employee for serving. And a few states require that the employer continue to pay the absent employee. Individuals who are selected to serve on a jury receive from the court a very small fee for their time and sometimes the cost of traveling from home to court.

DEBENTURE

A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific p... (more...)

A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific piece of property. Repayment of a debenture is guaranteed only by the general credit of the issuer. For example, a corporation may issue a secured bond that gives the bondholder a lien on the corporation's factory. But if it issues a debenture, the loan is not secured by any property at all. When a corporation issues debentures, the holders are considered creditors of the corporation and are entitled to payment before shareholders if the business folds.

INCIDENTS OF OWNERSHIP

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to... (more...)

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to receive rent--then legally, no gift has been made. This distinction can be important if you're making large gifts to reduce your eventual estate tax.

HOMESTEAD DECLARATION

A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that ... (more...)

A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that is, you are not required to record a homestead declaration in order to claim the homestead exemption. A few states do require such a recording, however.

BASIS

For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the pr... (more...)

For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the property, 'adjusted' to reflect improvements made or damage incurred while you own the property. See stepped-up basis, carryover basis.

EMINENT DOMAIN

The power of the federal or state government to take private property for a public purpose, even if the property owner objects. The Fifth Amendment to the Unite... (more...)

The power of the federal or state government to take private property for a public purpose, even if the property owner objects. The Fifth Amendment to the United States Constitution allows the government to take private property if the taking is for a public use and the owner is 'justly compensated' (usually, paid fair market value) for his or her loss. A public use is virtually anything that is sanctioned by a federal or state legislative body, but such uses may include roads, parks, reservoirs, schools, hospitals or other public buildings. Sometimes called condemnation, taking or expropriation.

DEED IN LIEU (OF FORECLOSURE)

A means of escaping an overly burdenome mortgage. If a homeowner can't make the mortgage payments and can't find a buyer for the house, many lenders will accept... (more...)

A means of escaping an overly burdenome mortgage. If a homeowner can't make the mortgage payments and can't find a buyer for the house, many lenders will accept ownership of the property in place of the money owed on the mortgage. Even if the lender won't agree to accept the property, the homeowner can prepare a quitclaim deed that unilaterally transfers the homeowner's property rights to the lender.

SAMPLE LEGAL CASES

Bayview Loan Servicing, LLC v. Nelson

... court: In this mortgage foreclosure action, the circuit court of White County entered a summary judgment in favor of the plaintiff, Bayview Loan Servicing, LLC (Bayview), and against the defendant, Jeffrey Eden Nelson (Nelson). ...

Household Bank, FSB v. Lewis

... The issue in this case is whether the Illinois Mortgage Foreclosure Law (735 ILCS 5/15-1101 et seq. ... [1] Household responded by initiating foreclosure proceedings under the Illinois Mortgage Foreclosure Law (735 ILCS 5/15-1101 et seq. (West 2004)). ...

ABN AMRO MORTG. GROUP, INC. v. McGahan

... The question at issue here is whether a mortgagee must name a personal representative for a deceased mortgagor in a mortgage foreclosure proceeding in order for the circuit court to acquire subject matter jurisdiction. For the reasons that follow, we conclude that it must. ...

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Chicago Foreclosure Lawyer, Illinois

SPONSORED LAWYERS

Joshua M Martin

Abraham Michelson

Sandra Margaret Emerson

Charles T. Newland

John J. Lynch

Colleen Thomas

Brian J. Russell

Patrick Neil Goodwin

John J. D'Attomo

Chad Hayward

TIPS

LEGAL TERMS

INHERITORS

HEIR

JUROR

DEBENTURE

INCIDENTS OF OWNERSHIP

HOMESTEAD DECLARATION

BASIS

EMINENT DOMAIN

DEED IN LIEU (OF FORECLOSURE)

SAMPLE LEGAL CASES

Bayview Loan Servicing, LLC v. Nelson

Household Bank, FSB v. Lewis

ABN AMRO MORTG. GROUP, INC. v. McGahan

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