Can a lender with a second mortgage lien foreclose on a residence if the first mortgage is current?

Generally, a junior lien holder can foreclose and force a sale of your equity in the home. Further, your default on paying the second mortgage is...

Home is in foreclosure for the past year and a half auction date is 3/13/09-pipe burst 1/23/09 who is resposible for damage?

Almost certainly the property owner is responsible, although if a receiver was appointed or the lender otherwise came into possession of the...

My father passed without a will, he left a small state. Atrailer an a lot. How can I sell it?

There are basically two choices of how to handle this situation in Illinois. The first is to open a probate estate, properly publish in...

My grandma willed me her home. I moved in with her five years ago and have been her primary caregiver.

In Illinois, personal property clearly includes furniture. Real Property includes land, buidlings and generally all things permanently affixed to...

If i have an option contract on a property can i list it with a realtor

We assume that the option is an option under which you have the right to acquire the property at a set price. You can list the property for sale...

Under IL real estate, condo laws is it possible to get out of the condo association

Your question has two possible meanings: 1. You yourself can get out of the condominium regime by selling or transferring your unit. ...

What happens when 2 unmarried people have joint property with heirs if one of them dies?

You did not indicate in which state the real estate is located nor where you and/or your co-tenant reside, which may make a difference in the...

If husband sold a lot we owned jointly w/o my permission is the title company responsible for not requiring my signature

A title insurance company insures a purchaser, grantee or mortgage lender's title to real estate as to the state of title at a particular moment in...

As those terms are generally used in connection with real estate mortgages, a recourse loan is one where the borrower is personally liable to the...

Residential landlord tenant law, landlord's responsibilities

In Chicago, Illinois, the residential landlord must provide heat between September 15th and June 1st. The temperature must be maintained at 68...