As advances in technology continue to develop and an increasing number of Realtors place properties and sales records online to enhance the transparency of real estate transactions, a spike in deed fraud has become an epidemic in some major cities. The rising threat has begun to target unsuspecting homeowners in cities like New York, Chicago and Detroit. A recent report about Sybil Patrick, whose beautiful brownstone home was sold for $750,000 without her knowing, clearly portrays the … [Read more...]
Archives for November 2015
Could incorporation have protected Cubs fan
Posted on November 2, 2015 //
The only thing Matt Smerge wanted was to raise money for his teenage son's college fund. Instead, he would up in an altercation with a Chicago police officer suing his beloved baseball team and putting his personal finances at risk. If Smerge's business were incorporated, there would be little chance a judgment creditor could attach them to satisfy a judgment against the business. Smerge's saga started when he decided to raise money to send his son to college by publishing and selling a $2 … [Read more...]
