Comments on: Feds challenge Chicago lender-maintenance law https://www.overlawyered.com/2011/12/feds-challenge-chicago-lender-maintenance-law/ Chronicling the high cost of our legal system Wed, 28 Dec 2011 15:00:04 +0000 hourly 1 By: Robert https://www.overlawyered.com/2011/12/feds-challenge-chicago-lender-maintenance-law/comment-page-1/#comment-139996 Wed, 28 Dec 2011 15:00:04 +0000 http://overlawyered.com/?p=26429#comment-139996 If the home-debtor returns the keys to the lender, or defaults, who does own it? Are there a million different owners, each with a fraction of collateralized debt?

It would probably make the most sense to hold the homedebtor responsible for leaving the house secured, but we know that will never happen.

]]> By: Smart Dude https://www.overlawyered.com/2011/12/feds-challenge-chicago-lender-maintenance-law/comment-page-1/#comment-139957 Tue, 27 Dec 2011 13:09:24 +0000 http://overlawyered.com/?p=26429#comment-139957 Nice move on The Chicago Machine’s part to steal money from people/companies that do not own the property in question. This should pretty well destroy the real estate investment sector in Chicago.

This of course does not personally effect Rahm and the rest of his as yet unindicted colleagues. I am sure they have all worked out a “Friends of Angelo” style financing of their own mansions.

]]>