Illinois Consent Judgment is an agreement between two or more parties that resolves a legal dispute without going to trial. This type of judgment is usually used when the parties involved agree on the terms of a settlement. It typically involves the payment of a certain sum of money and/or performance of certain actions by one of the parties. The consent judgment is then submitted to a court of law, which will issue the judgment and make it legally binding on the parties. There are two types of Illinois Consent Judgment: Uncontested and Contested. An Uncontested Consent Judgment is one in which both parties agree to the settlement terms without a trial. A Contested Consent Judgment is one in which both parties disagree on some or all of the terms, and the court will ultimately decide the outcome.
Illinois Consent Judgment
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15-1209. Mortgagor. "Mortgagor" means (i) the person whose interest in the real estate is the subject of the mortgage and (ii) any person claiming through a mortgagor as successor. Where a mortgage is executed by a trustee of a land trust, the mortgagor is the trustee and not the beneficiary or beneficiaries.
What Assets Is A Wife Entitled To In An Illinois Divorce? A spouse is entitled to have the court consider the division of any asset or debt which is determined to be marital. If the property was acquired after the wedding date by either party, that property will be considered marital property.
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A divorce (known as dissolution under Illinois law) is the means by which the marriage between a couple is ended. The judgment for divorce contains the parties' agreement concerning parental responsibilities for the children and parenting time schedules, support and property/debt division.
The Illinois foreclosure process can be complex and have long-lasting financial repercussions. In the state, lenders can also get a deficiency judgment against defaulting borrowers to acquire an outstanding balance of a loan post-foreclosure.