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Despite proof of consistent payments since 2012, McElory recently received a letter from the Cook County Circuit Court stating her home was sold for delinquent taxes, and she may owe three years ...
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Chicago homeowner stunned after getting a notice that his property taxes skyrocketed from $1,800 to over $30K ... Darryl Lloyd wasn’t prepared to receive a property tax bill of more than $30,000 ...
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
Relatives of deceased people do not necessarily themselves have to pay the debts of the deceased, [15] but debts must be paid by the deceased person's estate. However, where a deceased person is the co-owner of property that is secured by their debt, it may be possible for the creditor to force the sale of the property to satisfy the debt.
File lawsuits and using other legal collection techniques to collect commercial debts (i.e. debts owed by businesses) Represent creditor's interests in a bankruptcy proceeding [5] Foreclose on homes or commercial real estate if the purchaser defaults on payment; Recover (or replevin) secured goods (e.g., automobiles) if the purchaser defaults ...
The caller, identified as Robert from Chicago, Ill. is clearly in that group of outliers. Robert’s troubles are amplified by the fact that a significant portion of his debt is from personal loans.
The discount, or charge, is the difference between the original amount owed in the present and the amount that has to be paid in the future to settle the debt. [ 1 ] The discount is usually associated with a discount rate , which is also called the discount yield .