The demons of consent foreclosures: What every bank should know
By Amber L. Michlig
Commercial Banking, Collections, and Bankruptcy,
April 2014
An examination of the process of consent foreclosures and the roadblocks and warnings that an Illinois bank client should be familiar with when considering a consent foreclosure in order to fully protect their interests.
In rem is incomplete: Re-thinking a common foreclosure practice
By Michael G. Cortina, Amber L. Michlig, & Stephen J. Butler
Commercial Banking, Collections, and Bankruptcy,
February 2013
This article argues that an in rem deficiency only applies in certain circumstances and concludes that if an in personam deficiency is sought in the complaint and not granted, the court leaves open the ability of the plaintiff to later sue the debtor again in order to obtain a personal judgment for the amount of the deficiency.
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