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Archive for March, 2015

Zombie titles and foreclosure: Are you a victim?

Written by Charles Newland

Bank Owned Foreclosure.When homeowners embark on the bankruptcy process with the help of their Illinois bankruptcy lawyer, they often quickly pack up and move out of their home after receiving a foreclosure notice. When this occurs, many homeowners believe that their lender will take over the property. However, in some situations, the bank does not complete the process and the property’s title remains in the absent homeowner’s name, allowing it to become a zombie title.

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