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
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...]