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Tag Archives: Illinois

Supreme Court States “If Sought” is Seeking

What constitutes a “same” cause of action, especially when multiple contracts are at play? A recent Illinois Supreme Court ruling in First Midwest Bank v. Cobo examined this term and what it actually meant in foreclosures.

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Potestivo & Associates Adds Two Associate Attorneys

Default servicing firm Potestivo & Associates, headquartered in Rochester Hills, Michigan, and full-service offices in Grand Rapids, Michigan, and Chicago, Illinois, has announced the hiring of two new associate attorneys, Nicholas J. Tatro and Caitlin Cipri, according to an announcement ...

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FHFA Launches Neighborhood Stabilization Pilot Program in Illinois

The Neighborhood Stabilization Initiative is a set of strategies that aim to help delinquent borrowers avoid foreclosure and create a more efficient disposition path for foreclosed properties that will first be introduced in Cook County, Illinois. The housing market in the county, which contains Chicago, took a precipitous dive at the end of 2008 that took four years to reverse, according to data from DePaul University.

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