Any person who is found working or acting as a managing broker, real estate broker, real estate salesperson, or leasing agent or holding himself or herself out as a licensed sponsoring broker, managing broker, real estate broker, real estate salesperson, or leasing agent without being issued a valid existing license is guilty of a Class A misdemeanor and on conviction of a second or subsequent offense the violator shall be guilty of a Class 4 felony. 225 ILCS 454/20-22.It is a fundamental principle under Illinois law that parties can agree to any terms, and can contract in any situation, as long as there is no legal prohibition or public policy that dictates otherwise.  

They then sell it for top dollar and subsequently claim ignorance when the new owner needs to increase rent in order to make a return on investment.

We lost money bringing on these types of properties and subsequently removed that portion of the business. 

The bank won ownership of the property through a sub-trustee auction in one of the counties, and the sub-trustee subsequently recorded the property in that county.

"During decision making, anchoring occurs when individuals use an initial piece of information to make subsequent judgments." 

I think it will to any subsequent readers too.Why not just admit that you are wrong and move on?

What we missed, as did the Federal Reserve Chairman, Treasury Secretary, and almost everyone else in the investment world, was the severity and swiftness of the contraction and subsequent deleveraging of bank balance sheets.

Naive investors don't really understand the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.Nevertheless, their prices continuously climb, and the securities become the top-selling items for some of the nation's leading brokerage houses.One day, although the bond prices are still climbing, a risk manager at the bank (subsequently fired due his negativity), decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar.Heidi demands payment from her alcoholic patrons, but being unemployed, they cannot pay back their drinking debts.

This is the important section of the law that I think you need to go to a title company with:"(3) “Equity conveyance†means a transaction that involves:(a) The transfer of an interest in a residence in foreclosure by an equity seller to an equity purchaser, or to another person acting in association with the equity purchaser, that allows the equity purchaser or other person to obtain legal or equitable title to all or part of the residential real property; and(b) A subsequent conveyance, or agreement for a subsequent conveyance, of an interest in the residential real property from the equity purchaser or other person to the equity seller to allow the equity seller to possess the property during, or after termination of, the foreclosureprocess."

The article headline (and subsequent post title) is very confusing when paired with the content.