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I have a court hearing for a Motion For Default. Do I need to mention my tenant and live in as income?
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Answered on February 25, 2013
You probably have more options than you are aware of, one of them being collecting rent. There is no need to mention partner’s name to the bank. ...
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My lease is up 3-31-12, was told he's not renewing my lease. Not in writing, a phone call. What if I cant find a place by then?
Adam's answer
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Answered on February 25, 2013
I agree. While the eviction process will take a few months, it is likely to result in a money judgment against you. Maybe you can try to...
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I need to sell my house asap. What is the best way to get rid of my tenant that is prepaid till April 15?
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Answered on February 25, 2013
I agree with the above answers. One other possibility is to offer them money to move out. If you consider how much time and money it takes to...
Archived
I have not been personally served Summons re: foreclosure case. Should I show up to court so I am not a "no show"
Adam's answer
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Answered on February 25, 2013
You have received great advice. You might have some options, but what path you take will really depend on what you like to accomplish. What are...
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What does it mean to have an IN REM deficiency judgment?
Adam's answer
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Answered on February 25, 2013
I agree, the main issue to worry about now if the eviction that will follow the sheriff sale. Get more information asap, you might be able to walk...
Archived
Does signing a an acceptance of work letter stand up in court?
Adam's answer
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Answered on February 25, 2013
It is difficult to give you an answer without looking at the documents. I would suggest you look at this in the most practical way possible: ...
Archived
I have just formed an S Corp. I'm a single shareholder but I've listed my spouse as secretary . Can we expense the annual meet?
Adam's answer
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Answered on February 25, 2013
I agree. I would also recommend you hire an experienced CPA and have an initial meeting to discuss your tax options. Good Luck.
Archived
Can a bank foreclose on a home without a genuine copy of the promissory note?
Adam's answer
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Answered on February 25, 2013
I agree with the above answers. If you believe your have a valid defense, you certainly have the right to argue that in court. However, this must...
Archived
My spouse want to buy a house, he applied for a loan, he want to put my name on the loan as co-signer that makes credit for me,
Adam's answer
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Answered on February 25, 2013
I agree with the above answer. Not only will you be obligated to the bank until the full amount of the loan is repaid, but this might not...
Archived
Does commingling of Security Deposit apply to suburban IL.
Adam's answer
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Answered on February 04, 2013
Agreed. The Security Deposit Return Act is applicable to 5 units or more (see 765 ILCS 710/1). My educated guess is that you probably will not...
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