Archived
I believe my landlady will not return my security deposit. Can I use the deposit for my last month's rent?
Stephen's answer
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Answered on March 07, 2014
The real risk is that you move out and the landlord suddenly trumps up damages to the rental unit and sues you for them, and you have NO proof you...
Archived
Can my former landlord discuss my financial or court matters concerning them with their other tenants?
Stephen's answer
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Answered on March 07, 2014
As to court papers, I agree with the others. However, as to personal finances otherwise, if your lease says nothing about confidentiality, then it...
Archived
Can a forcible entry/detainer lawsuit in IL be used by HOA to collect unpaid dues, I already filed a Quitclaim Deed w/the bank?
Stephen's answer
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Answered on March 07, 2014
While I tend to agree with the others on the HOA side, going to court "naked" may not be the best thing either. I still recommend that you have an...
Archived
Does anyone know where I can find a standard "foreclosure addendum" that needs to go with a lease agreement in DuPage Co?
Stephen's answer
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Answered on March 07, 2014
Not every law has an accompanying form. There are some companies who say they have the kind of form you want for sale on line, but unless an...
Archived
If I enter land trusts on properties and then sell them to another buyer/investor, do I need to be a Real Estate Licensee?
Stephen's answer
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Answered on March 07, 2014
If I understand your question correctly, you buy or own property and put them into land trusts, and then want to flip them. Assuming you are NOT...
Married couple buying a house together. should we take title in the manner of "joint tenancy" or "tenancy by the entirety?"
Stephen's answer
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Answered on March 07, 2014
Here's a funny story. I got a call from a fellow who bought a house with his wife and they didn't have an attorney. Now he learns there is an...
Archived
How do I get the interest write-off for property?
Stephen's answer
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Answered on February 06, 2014
It's a catch-22. If you make payments but have no arrangement your payments would probably be considered rent, which is not deductible. If you have...
Archived
Question on a1099 I received from a foreclosed home that was part of a class action in Illinois even though I never cashed check
Stephen's answer
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Answered on February 06, 2014
You should see a tax consultant. If you were part of a class action settlement and did not properly opt out, this is your money, and the most...
Archived
Condemned property question
Stephen's answer
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Answered on February 06, 2014
As stated by the others, the loan continues, and the best you may have is the right of indemnification under your divorce decree from your ex who...
Archived
If septic is private and marked rural is land considered unimproved property?
Stephen's answer
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Answered on February 06, 2014
The lot is unimproved for RESPA purposes if there is no house on it. It may be unimproved for lending purposes generally if it does not have on...
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