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Foreclosed land investors exploit technicality to demand $3.5 million 'procedural windfall' from bank
Trying to take advantage of a “procedural windfall,” a Chicago-area investment firm is alleging West Suburban Bank owes it almost $3.5 million from the sales of foreclosed properties held as collateral for a $10 million loan the firm defaulted on, because the firm was not legally served with notice of the foreclosures, as the process servers did not work for a state-licensed private detective agency as required by law.
Chicago landlord: Lawsuit notice vs apartment biz illegal stab at coercing him to pay legal bills from divorce case
A Chicago landlord has raised the stakes in a legal battle with the lawyers who formerly handled his divorce case, as he has asked the court to punish lawyers he said illegally filed a lien against an apartment building his corporation owns in an attempt to lean on him to collect the amount the lawyers say he owes and has yet to pay.