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International Assets And Offshore Accounts In Illinois High Net Worth Divorce Cases
High net worth divorces in Illinois often involve complex financial issues that extend beyond ordinary property division. When international assets or offshore accounts are part of the marital estate, the stakes become even higher. Assets held abroad may include real estate, business interests, investment accounts, or trusts in foreign jurisdictions. These assets present unique challenges when it comes to disclosure, valuation, and division. As Illinois divorce attorneys, we know that failing to properly account for these holdings can signific...
Common Title Issues In Illinois And How A Real Estate Attorney Resolves Them
At Covert Marrero Covert LLP, we frequently assist clients who are buying, selling, or refinancing property in Illinois and encounter unexpected title problems. A property title is the legal documentation that proves ownership rights to real estate. If the title is not clear, it can create serious complications, delaying or even preventing a real estate transaction from closing. Title issues can also expose property owners to future legal disputes and financial loss. Understanding the most common title problems under Illinois law and how an exp...
Foreclosure Scams In Illinois: How To Spot Them And Protect Your Home
At Covert Marrero Covert LLP, we’ve helped countless Illinois homeowners fight to save their homes from foreclosure—and just as often, we’ve helped them avoid scams. When people fall behind on mortgage payments or face foreclosure, they become prime targets for fraudsters. These scams often promise relief, but in reality, they take advantage of vulnerable families during stressful times. Foreclosure scams in Illinois come in many forms: bogus loan modification offers, fake foreclosure defense services, phony “rescue” a...
Can You Stop A Foreclosure With A Loan Modification?
As Illinois foreclosure defense attorneys, we often hear from homeowners who are overwhelmed and worried about losing their homes. Many are surprised to learn that a loan modification can, in some cases, stop a foreclosure in progress. It’s important to understand that while loan modifications are not guaranteed, they are a powerful legal tool that can help homeowners stay in their homes and avoid a sheriff’s sale—if the process is handled correctly and within the legal timeline. Under Illinois law, foreclosure is a judicial process. Tha...
Deed in Lieu of Foreclosure: Is It a Good Option for Homeowners in Illinois?
As foreclosure defense attorneys representing clients across Illinois, we often speak with homeowners who are overwhelmed by the possibility of losing their homes. When mortgage payments become unmanageable and foreclosure seems inevitable, one legal option to consider is a deed in lieu of foreclosure. This path allows homeowners to voluntarily transfer ownership of their property back to the lender, avoiding a full foreclosure proceeding. But while this option can bring relief, it also comes with important legal and financial considerations. A...
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