Recent content by Roger85

Hello. I have purchased a condo in 2003 as an investment property and rented it out. In 2005 the board passed an amendment to prohibit renting, but I could continue to rent since my right was "grandfathered in". In 20015 I put this property in a trust in my name and added my mother. Now...

The loan was for the business he was planning to buy. He did, but then year later he actually ended up in court with the seller, so from what I know he probably sold it for portion of the original price.

OK. Thank you. I really appreciate your time and advice. So, what would you do in her place?

My sister was fully aware of the loan. They divorced a year after it was made. If she hires an attorney, how does that work? What are the costs? I have never done it before, so I apologize for these basic questions.

It was not part of the divorce, since we found out after the fact.

Yes. They were still married at the time of the loan.

Thanks. Another option is to hire an attorney and sue for the full amount, right?

Illinois

Hello. My 79 year old mother has loaned $25K to her son in law (my sister's now ex-husband) almost 4 years ago. They both signed a promissory note (which was not notarized) the money will be returned within three years. Deadline passed last April, and he ignored several communication...