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Marcos Posada1 Posts
Marcos Posada is the managing partner of litigation at McCalla Raymer Leibert Pierce LLC’s (MRLP) Illinois office. MRLP is a national law firm focused on representing banking institutions, mortgage servicers, investors and various clients in legal needs involving property, contract disputes, mechanic liens, title issues, code violations, appeals, residential and commercial foreclosures and general litigation matters. He can be reached at (312) 476-5626.
Property Preservation in Illinois: Know before you go!
Servicers and investors should be sure to know their options when code violations and preservation issues arise. As is often the case in mortgage servicing, properties secured by defaulted mortgages can wind up vacant or in need of repair. Depending on the condition of the property, the municipality may issue code violations and file suit, naming both the owners of the property as well as anyone with a recorded interest.
