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Adam J. Lysinski
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Adam Lysinski’s Answers

127 total


  • How long after my house is sold at a sheriff sale, do I have to leave my house?

    The house that I reside is in foreclosure and is up for a sheriff sale in a weeks time.

    Adam’s Answer

    I agree with the above answers. The time variations can stem from how long it take the Plaintiff's attorney to file the motion, and how long it take the sheriff to execute the eviction, which might vary from county to county. Lastly, due to a recent ruling by the Illinois Appellate Court that might potentially reserve your foreclosure, I strongly encourage you to talk to an attorney asap.

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  • Can the Hoa prevent me from purchasing a unit in the building?

    The hoa president states that the unit I want to buy has caused damage to the other units in the building.

    Adam’s Answer

    .. I agree. If the HOA merely has a right of first refusal in the bylaws, that is enough to stop a sale to a third party. Copy the relevant documents and see an attorney.

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  • Can a tenant break a lease? Without landlords permission?

    I recently saw boxes being pack in my tenants unit. assuming that they are moving.

    Adam’s Answer

    Generally, there is a notice requirement to break (or attempt to break) a lease. From the information you provided, it seems like that didn't happen. I suggest you start with the non-legal route, and have a civil conversation with your tenant. Perhaps you can come to an agreement. Good luck.

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  • Can I appeal my confirmed foreclosure sale?

    Last year I asked my bank for the paperwork to help refinance my mortgage before my house went into a sheriff sale. I never received this paper work and I found out a week ago the the sale has been confirmed by the court and was wondering if it i ...

    Adam’s Answer

    Sorry to hear about your problem. While an appeal is possible, it is not an easy process. There are other ways to challenge a judgment. However, if you decide to go that route you need to do some research to be fair to all parties. I suggest you speak to an attorney about your options. Good luck.

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  • Our property taxes were sold in error after a chapter 7 filed in 2008 and a quiet title case still active who is responsible?

    The Us Bank the mortgage company as of last year has stopped paying the taxes during the quiet title case. Now as of August 2013 someone has bought our property taxes. The quiet title case we are dismissed from due to the chapter 7. My husband's...

    Adam’s Answer

    • Selected as best answer

    Please see an attorney asap. I don't see how you will ever be personally liable for property taxes, but if they go to sale, the title will be transfer to the winning bid. If you cannot pay the taxes, maybe you have enough time to pay them from the closing, if you decide to go that route. Either way, please seek legal help. Good luck.

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  • What defnes a secured loan modification

    I am being charged for 2 secured loan modifications but have received no written confirmation. Does verbal mean the same as secured?

    Adam’s Answer

    Sorry to hear about your problem. Verbal agreement does not mean secure. Written agreement can mean secure if the lender takes certain steps. I know this can be a very confusing and frustrating time, and you’re certainly not the only one dealing with such issues. I strongly suggest you make an appointment with an attorney. Good Luck.

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  • We filed Chapter7 3 years ago and mortgage was NOT reaffirmed. Foreclosure is NOT on our credit report. Can we get a mortgage?

    Can we go in for another mortgage on a new home?

    Adam’s Answer

    You got some great answers. Your should also know that generally, banks will wait 2-3 years (depending on the type of loan you want) from the date you actually lose title to your house before giving a new mortgage. It’s difficult to tell from your question if that happened here, but you should really talk to a knowledge mortgage broker or two. Good luck.

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  • As the beneficiary of my Dad's bank account will I be required to use any of the proceeds to pay off his outstanding debt?

    Are creditors and bill collectors entitled to beneficiary money to get bills paid? There is no money in the estate. The only money was in the checking account.

    Adam’s Answer

    Sorry to hear about your loss. It is not clear what is going on, but in short other individuals should not be responsible for your father’s debt. Is there any action taken by the creditor? I am sorry I can’t be of more help, but if there is substantial money in the account, you might want to contact an attorney. Good luck.

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  • Do I need a real estate license to be an International Real Estate Broker?

    I did not understand the answer from the previous answerers, so I am asking this question again. If I am a Real Estate Broker of foreign real estate and properties only and don't broker any properties in the United States, do I need a real estate...

    Adam’s Answer

    I would suggest to you that might want to examine the laws of the government where the properties are located. You still might have to deal with other issues in the US, such a tax liability or insurance, but from the limited information you posted, licensing should not be an issue. Good luck.

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  • I have free and clear real estate owned by my dissolved LLC How do I quitcaim or transfer the property to a new LLC?

    Also what are the pros and cons of a "series LLC" and how do I establish it with my real properties?

    Adam’s Answer

    If you do not want to use an attorney, start by call the Illinois Secretary of State to find out about your annual report requirements, and the fees that are associated with it. Once the LLC is reinstated, the LLC can formally resolve to transfer the real estate. Please note, many municipalities have additional requirement such as transfer stamps. I recommend you contact an attorney to avoid mistakes. Good Luck.

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