All Forum Posts by: Vincent Incopero

@Carlos Ruiz, provided that tax buyer, during the course of their tax deed case, successfully named all interested parties of record, the tax deed would be effective in extinguishing those interests. 

In this instance, If Timmy Tax Buyer during the course of his tax deed case, named and served Magnum Mortgage, that had a mortgage interest against the property in question, the interest of Magnum would be extinguished by the tax deed provided there were defects in notice to or service upon Magnum. 

EITHER WAY, you should speak to an attorney and get a policy title insurance to add certainty to the investment. 

Asking WebMD about a rash on your arm isn't and should never be considered a proper substitute to the advice of a licensed medical professional for a proper diagnosis and treatment regimen. 

@Luke Aubut Happy to help

@Sarah Brown Offer cash for keys. 

IMHO, a non judicial resolution is rar more efficient than the go to court mantra in terms of time and energy spent, opportunity costs, fixed costs and the risk of casualty losses during the pendecny of the eviction. Plus, depending on the county, courts may be closed and the queue of new case filings may be enormous. 

@Maria Bocanegra I can assist you with this recording. The e-recording platform I use is only licensed for use by attorneys and settlement agents so unfortunately, even if I were to share their info, you would likely be unable to use the platform. 

@Maria Bocanegra I can help you out with your recording needs

@Ryan Bird this delay is likely unrelated to COVID due to the fact that the shutdown didnt take effect until March. Happy to take a look and see what is going on if you want

@Scott Trench, I am an Illinois Attorney and I would be glad to help

@Cynthia Meyer chat up @Mark Ainley

I can't say what your attorney would do. I can only speak to what I do as an attorney when I am holding the EMD of my client. The contract should keep EMD to a minimum and spell out what happens to the EMD in the event of a default by either party.

An ounce of prevention is worth a pound of cure. 

@Francis Rusnak there is no way around this. Read the terms of the Strict Joint Escrow Order that you and the Seller executed. It clearly states that 2 signatures are required to release. Going forward, you may want to set up Sole Escrow Orders where only the remitters signature is required. IMHO, avoid the title company and always have your attorney hold the EMD.