Partial Lender Protection Against Property Preservation Suits in Illinois

By Lauren Riddick, Codilis & Associates A recent case from the Illinois Supreme Court may help protect lenders, at least partially, from suits stemming from property preservation.  In Schweihs v. Chase Home Finance, 2016 IL 120041, a lender-employed contractor entered a borrower’s home during the borrower’s redemption period in order to “winterize” the property—i.e., change …

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Source: DS News

2017-01-31T18:50:55-06:00