Archived
Do I have a legal obligation to help a neighbor pay for a drainage system he wants installed between our properties?
Peter's answer
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Answered on June 01, 2016
If this is caused by rainwater, in general the neighbor would have to prove that you did something to negligently alter the natural course of the...
Archived
How do my wife and I go about filing for a Notice of Quiet Title Action in Illinois?
Peter's answer
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Answered on May 07, 2016
I agree with Thaddeus. Neither a 'Quiet Title' action nor reopening the bankruptcy is the answer here. I would add that a loan officer should not...
Archived
Can and should I short sale? Is OCWEN paying to short sale? Does foreclosure after Ch 7 BK extend time to get a home loan?
Peter's answer
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Answered on January 24, 2016
The real estate agent is partially correct. If your mortgage qualifies for a HAFA (Home Affordable Foreclosure Alternatives) short sale, you may...
Archived
Can my mortgage be added to my bankruptcy even if she has been awarded the house.
Peter's answer
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Answered on December 22, 2015
The answer is Yes. Although you have signed the title over to your ex, you are still liable for the mortgage debt, and the debt will be part of...
Archived
Can i sell my apartment if i owe money for electricity? My apartment is fully paid off and now i want to sell it but owe money?
Peter's answer
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Answered on December 14, 2015
Yes, absolutely you can. The only exception is if Com Ed has filed suit against you and obtained a judgment. In that scenario, the judgment can...
Archived
Can I save my home
Peter's answer
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Answered on December 04, 2015
A capable attorney may be able to delay the foreclosure and review the pleadings filed by the mortgage company for defects. However, if you have...
I am selling my house and cant find property abstract. I have the residential appraisal report. Are they the same?
Peter's answer
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Answered on November 02, 2015
You might be referring to the abstract of title. The abstract of title is basically a condensed history of the title to your property showing all...
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Archived
I am selling my home in Cahokia, Illinois. Who's responsibility is it to request a title search and insurance.
Peter's answer
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Answered on October 09, 2015
It is not as simple as a 50/50 split. It is customary in the Chicago area that the Seller pays the cost of the buyers' title policy, and for title...
Archived
My chapter 13 bankruptcy has been filed with the court.....My meeting of creditors takes place in 3 weeks
Peter's answer
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Answered on September 14, 2015
I would respectfully disagree with the answer Michael gave. Yes, the funds would be considered "property of the estate," but in Chapter 13 you get...
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Archived
What should i do with my condo?
Peter's answer
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Answered on September 09, 2015
There are two main options. The best option might be a short sale, where you would sell the property for less than the amount owed on the...
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