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Newsletter Articles From 2010
The answer is in the minutes
By Michael G. Cortina
December 2010
An explanation of the differences between a deed in lieu of foreclosure and a consent foreclosure, and why one is not always better than the other.
Boys, be careful what you promise
By Mike Reed
June 2010
Illinois unequivocally recognized the use of promissory estoppel as a cause of action in the Illinois Supreme Court case of Newton Tractor Sales, Inc. v. Kubota Tractor Corporation.
The use of receiverships for managing troubled assets
By Samuel H. Levine
December 2010
Receiverships are something that all lenders should consider in managing distressed real estate. Lenders should also consider creative ways for receivers to manage distressed assets to meet the needs of a particular asset.