Is it legal for a past nominee to assign a mortgage to a third party, and which IL laws are applicable to this scenario?

Your question is a bit difficult to answer without seeing the documentation related to the various transactions. Odds are that the paper trail is a...

I have two mortgages on my house. In foreclosure, are they both somehow satisfied???

If the company that holds your first mortgage successfully forecloses on the property, it will hold a sheriff's sale. At that sale, either the bank...

Deed in Lieu of Foreclosure, taking over Friend's commercial mortgage note

Lenders don't generally allow people to assume loans. As my colleague states above, it is more likely that the lender would require a new loan to...

Foreclosure With and Without a Chapter 7 Discharge

If you included the mortgage in your BK, then your personal liability for the debt is extinguished. In some jurisdictions, the federal district...

What is the law pertaining to companion animals? I moved from out of state and was told that my pet prescription was no good.

Companion animal law is a bit behind the times when compared to other areas. Most people think of companion animals as being seeing eye dogs and...

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Photo privacy on social networking site.

You aren't basically helpless. If you took the pictures, you have a copyright in those photos (even if you didn't register them with the...

What does it mean when I read that more banks in Florida are marketing their Summary Judgements of Foreclosure?

The judgment itself is a commodity. They are selling the right to enforce the judgment if the judgment is being marketed. If the banks were selling...

What happens to my loan modification if my lawyer goes bankrupt?

This seems like a question best addressed to your attorney. If you don't feel comfortable contacting the office and asking what you're asking on...

I would like to do a deed in lieu of foreclosure.

Your local bank is more likely to work with you than a major national bank. Getting a lawyer can't hurt, but the main work in obtaining a deed in...

What do I put in my foreclosure summons?

I would imagine that referencing the bankruptcy case number should be enough to pause the process until you receive your discharge. In Illinois,...