The Illinois Consent Foreclosure: An Unusual, But Potent, Option For the Borrower
Dec 01, 2013
A consent foreclosure is, by definition, an agreed-to foreclosure. This option, if offered, should bear serious consideration, as it may offer tax benefits over a short sale A consent foreclosure is ...
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Breach of Fiduciary Duty - Replacing a Trustee
Dec 01, 2013
The remedy of replacing a trustee may surface when there has been an actual or threatened breach of the trustee's fiduciary duty. A trustee may be replaced if the language of the trust authorizes tha...
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What Does "Licensed, Bonded, and Insured" Mean?
Nov 30, 2013
This type of language is often seen in advertising for services, such as plumbing, cleaning services, or disaster recovery. Backchecking these claims may be well worthwhile. Licensed means that the b...
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Holding Title for Someone Else - the Resulting Trust
Nov 30, 2013
A resulting trust is a trust imposed by the court over real property in which the person holding title purchased the property with another party's money. The problem of letting someone buy property fo...
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What Are Attorney Referral Fees?
Nov 30, 2013
Attorneys who refer cases to other attorneys may accept fees from the referred attorney. Usually those fees are in the form of a portion of the attorney's fee, and do not affect the client's award. ...
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What Is Breach of Fiduciary Duty in Illinois?
Aug 24, 2013
"Breach of fiduciary duty" is a catch-all phrase the law uses to describe when a trusted person -- a "fidiciary" -- commits a wrong against the person who trusted him or her. That usually (but far from...
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