Legal Question in Real Estate Law in Illinois

Can the landlord still collect rent after the building has been forclosed on ? going up for auction very soon.


Asked on 8/21/09, 8:02 pm

1 Answer from Attorneys
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

The general rule is yes. Although, the chances are that the mortgage company may have an assignment of rents. If so, and they use it, the mortgage comany gets paid.

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Answered on 8/26/09, 8:26 pm


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