Questions answered by Gilbert Yale Liss

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Have a 47K loan from a bank which has only gone down 500 dollars in 10 years. Keep asking them for detailed statements have yet

Gilbert's answer | Answered on February 19, 2015

Ah, the magic of interest! First, get a copy of the promissory note. Second, get a complete statement from the beginning of the loan, Third get a...

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Business Liability

Gilbert's answer | Answered on February 19, 2015

I agree with Mr. Shipley's answer, but would add the following comments. The brokerage which the wrongdoer left might well be civilly responsible...

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A company owes our firm but not paying firm the due dates of the invoice has passed 1 year

Gilbert's answer | Answered on February 18, 2015

You haven't provided much information. If the services provided were related to real estate, you may have lien rights. You may have other rights...

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How do I legally have a Real Estate Agent do the transaction in an Assignment of Contract deal where I can collect a fee in IL?

Gilbert's answer | Answered on February 18, 2015

How the "Assignment of Contract" scam get started baffles me. It's an effort to treat real estate like a futures contract, While it may be legal,...

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What are the various ways to take title to a property or home in Illinois?

Gilbert's answer | Answered on February 17, 2015

It seems you have only a partial understanding of a really bad scheme to profit from "flipping" properties. If you take title, you no longer can...

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Do I need a fraud attorney

Gilbert's answer | Answered on February 17, 2015

You seem to have fallen for an old, old, scheme. First, go the bank and explain what happened. Then go to your local police department or...

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Is it legal to use a Real Estate Agent as a Real Estate Investor doing Assignment of Contracts in Illinois?

Gilbert's answer | Answered on February 17, 2015

Doubtful that a real estate broker would participate in such a transaction. Is it legal? If your plan is to earn a quick profit from "flipping a...

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I currently own the property with my 3 of my siblings. we want to quitclaim everything to one of the siblings.

Gilbert's answer | Answered on February 10, 2015

I agree with the answers already given. As a further matter of concern, if the property is residential, be aware that Cook County requires a...

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My husband and I own a home together can he use it as collateral on purchasing,other property without my knowledge or consent?

Gilbert's answer | Answered on February 05, 2015

I agree with the answers given by the attorneys who previously responded. Your husband could pledge his interest in the home as collateral without...

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Hi, I am a real estate investor. I am going to get to the point. Is it legal to assign contracts in IL?

Gilbert's answer | Answered on February 03, 2015

You didn't give enough information for me to understand your question. If you want to own property and let someone else manage it, there's no legal...

Gilbert Yale Liss's Answers (237)

Have a 47K loan from a bank which has only gone down 500 dollars in 10 years. Keep asking them for detailed statements have yet

Business Liability

A company owes our firm but not paying firm the due dates of the invoice has passed 1 year

How do I legally have a Real Estate Agent do the transaction in an Assignment of Contract deal where I can collect a fee in IL?

What are the various ways to take title to a property or home in Illinois?

Do I need a fraud attorney

Is it legal to use a Real Estate Agent as a Real Estate Investor doing Assignment of Contracts in Illinois?

I currently own the property with my 3 of my siblings. we want to quitclaim everything to one of the siblings.

My husband and I own a home together can he use it as collateral on purchasing,other property without my knowledge or consent?

Hi, I am a real estate investor. I am going to get to the point. Is it legal to assign contracts in IL?