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Adam J. Lysinski
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Adam Lysinski’s Answers

127 total


  • What happens if the USDA RD forecloses?

    I have been trying to sell my home for 2 years & no luck. I have a mortgage through the USDA RD in Illinois & am becoming unable to make my payments. I have not made my payment that was due last week. My family has outgrown this house & I believe ...

    Adam’s Answer

    If you did not re-affirm this loan, you have options. In deciding if you should sell your place, rent it, litigate the matter, or just walk away, you need to incorporate your overall financial condition. See an attorney asap. Good luck.

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  • How to quit claim property from indiviual to s corporation

    i want to know the process to quit claim property from my name to s corp. Can this be achieved without an attorney?

    Adam’s Answer

    I agree. Not only do you have to get the formalities correct, but there are other consideration, such as taxes, and insurance. Please see an attorney. Good luck.

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  • Hello. I am trying to understand how much leverage a borrower/owner who is in foreclosure truly has

    Our situation is one that will probably make you cringe, due to some bad decisions that we made. So I am wanting to get an opinion of whether the bank needs US more, or if we need THEM more, in this case.Our lender is Citimortgage, and we entered ...

    Adam’s Answer

    I agree. It seems that there is more to consider than just the foreclosure matter. You have to consider all the factors (ie assets, alterative living options, time frame, income, etc) before you can determine what options you have and what are the odds of success. I suggest you see an attorney. Good luck.

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  • My husband and I would like to convey a percentage of property to our son before he gets married.

    We do NOT want his future wife to have any interest in the property in case they divorce. This is the first home that we purchased together. Should we record a new deed (joint tenants with rights of survivorship) and split the interest 3 ways? We...

    Adam’s Answer

    I agree with the above answers. See an estate attorney. While the basic laws in theory would offer some protections, this property should be put in a trust. Good luck.

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  • When I had an Mortgage Auditor Forensic done on my mortgage and discrepancies was found.

    In the audit report initially, my bank went bankruptcy and FDIC took over and sold it to another bank without perfected chain of title. Second, the audit report revealed that the bank didn't have a license to grant mortgage loan. The information f...

    Adam’s Answer

    I agree. It is possible that you might have counterclaims against the bank, and defenses to the foreclosure. In these cases, there are often other factors that would help you defend the foreclosure. For now, avoid getting a default judgment entered against you, and talk to an attorney that handles foreclosure cases. Good Luck.

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  • How to handle extra defendant?

    I am in a lawsuit with two defendants. I would like to add a third via a motion with the court. Do I specify the damages I am seeking along with relevant allegations in my motion, or discuss it with the judge, or something else? Thanks.

    Adam’s Answer

    From the limited information that you provided, it sounds like you should seek to file an amended complaint with the additional counts against the new defendant. It’s hard to tell if that’s the best option for you, consider seeing an attorney. Good Luck.

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  • Upon recieving court order approving foreclosure report of sale and dis. and, order for possession and deed. do we have any

    legal rights . the form also states that the bidder is entitled to possession of the property.30 days after entry of this order. what does this mean for us ( the occupants and previous owners of the home. if it means we have to move w/i 30 days ca...

    Adam’s Answer

    Sorry to hear that you lost your property. Generally the property should be vacated by 30 days from the confirmation order. If not, the new owner can ask the sheriff to evict you. Keep in mind, Illinois is not a self-help state. No one has a right to evict you except the sheriff. Also, you have no obligation to let anyone into the property during your stay. If you feel that you need more time, you have to get a court order extending the time of possession. Good Luck.

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  • Is there anyway to reverse a fraudulent quit claim deed or prove void ab initio without going to court?

    Is there anyway to reverse a fraudulent quit claim deed or prove void ab initio without going to court? In 2012, my uncle removed his ex-girl friend's name by what she is claim as a "fraudulent quit claim deed" to a rehab property they purchased ...

    Adam’s Answer

    Have your uncle hire an attorney asap. Not only should the fraud charges be dealt with (you don’t want a default judgment against hi), but he will need a court order if he wants to remove her from the deed. Good Luck

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  • Can HOA evict unit owner based upon unpaid attorney fees?

    My association took me to court for not paying assessments. The judge granted possession and attorney fees in favor of the HOA separately. I paid the judgment amount for the possession, but did not pay the attorney fees. HOA wants to evict unle...

    Adam’s Answer

    I believe the association is entitle to recover the full judgment amount. Therefore, if the association got awarded attorney’s fee and court costs, yes they are entitle to recover it. Good Luck

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  • I was just served foreclosure papers.

    I was just served foreclosure papers. now what.. I know I have to go to court, but when shoulkd i get a lawyer invloved. thanks. I will also be looking for an attorney specializing in this field.

    Adam’s Answer

    I agree. Especially with finding an attorney that knows foreclosure and bankruptcy law. Make sure you do this asap, and before a default judgment is entered. Good Luck.

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