The Answer Is In The Minutes

December 2010
Michael Cortina
Commercial Banking, Collections & Bankruptcy Law


Michael Cortina recently authored an article published in the December 2010 issue of Commercial Banking, Collections & Bankruptcy Law, the newsletter of the Illinois State Bar Association’s Section on those areas of law. The article, “The answer is in the minutes,” addresses questions raised when residential mortgagors are willing to give the lender a deed to the property to avoid the expense of a foreclosure. For example, whether or not the lender should try to obtain a deed in lieu of foreclosure, or if a consent foreclosure is the better route. Mike discusses the differences between these two types of arrangements and why one is not always better than the other.

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