Multi-Board Contract 7.0 – Handling cash transactionsBy Ralph J. SchumannReal Estate Law, March 2019The recently-released 7.0 version of the Multi-Board Contract aims to reduce confusion and promote smoother closings.
2019: Year of eClosings?By Summer ChanceReal Estate Law, February 2019A look at the real estate industry's market trends and potential disrupters for 2019.
The ‘Multi-Board Residential Real Estate Contract 7.0’By Philip J. VaccoReal Estate Law, February 2019The new version of the Multi-Board Residential Real Estate Contract includes significant changes that real estate attorneys need to be aware of to expertly guide their clients through the transactional real estate process.
MyDec to be required for all Cook County conveyancesReal Estate Law, February 2019Effective January 21, 2019, prior to recording, all Cook County property conveyance instruments must be accompanied by an electronically-completed Cook County Real Estate Transfer Tax Declaration.
Does the term “sidewalk” encompass a private walkway?By Emily R. VivianReal Estate Law, January 2019A summary of Hussey v. Chase Manor Condominium Ass’n, which addresses whether an informal pathway behind a condominium building is considered a “sidewalk” under the immunity provisions of the Snow and Ice Removal Act.
The effect of an order declaring heirshipBy Paul PetersonTrusts and Estates, January 2019The Cook County Recorder of Deeds indicated on November 5 that it is not going to record heirship deeds or affidavits of heirship unless they are accompanied by an order declaring heirship. This article focuses on the effects of this procedure.
A letter from Myles JacobsBy Myles L. JacobsReal Estate Law, December 2018A letter written by Myles Jacobs in the fall of 2018 reflecting on the principles he lived by.
The effect of an order declaring heirshipBy Paul PetersonReal Estate Law, November 2018The Cook County Recorder of Deeds indicated on November 5 that it is not going to record heirship deeds or affidavits of heirship unless they are accompanied by an order declaring heirship. This article focuses on the effects of this procedure.
Post-closing issue? Don’t count on the Merger Doctrine to save youBy Daniel A. HuntleyReal Estate Law, November 2018Many clients do not understand, or simply are not aware of, the potential for transaction liabilities to continue after the successful closing of the sale of real estate.
So you want to be an urban farmer?By George D. MauridesAnimal Law, November 2018Both houses of the state legislature recently passed HB3418 amending the Civil Administrative Code of Illinois to allow the Department of Agriculture to provide for the creation of municipal urban agricultural areas.
The Presumptively Void Transfers to Caregivers Act in Illinois: Mercy with justiceBy Kenneth F. BergTrusts and Estates, October 2018The Presumptively Void Transfers to Caregivers Act amended Article IV of the Illinois Probate Act, making presumptively void certain instruments executed after January 1, 2015, that transfer property to caregivers in excess of $20,000. This article defends the act as passed by the legislature.
So you want to be an urban farmer?By George D. MauridesReal Estate Law, September 2018Both houses of the state legislature recently passed HB3418 amending the Civil Administrative Code of Illinois to allow the Department of Agriculture to provide for the creation of municipal urban agricultural areas.
Appraisals, valuations, and…“Zestimates”By Frank PellegriniReal Estate Law, July 2018In 2017, homeowners sued Zillow alleging violation of the Illinois Real Estate Appraiser Licensing Act, tortious intrusion upon seclusion, deceptive trade practices, and violation of the Illinois Consumer Fraud and Deceptive Business Practices Act for its "Zestimate" service.
Standing to collect rent arrearagesBy Gary R. GehlbachReal Estate Law, July 2018An overview on whether a subsequent owner of real property has standing to bring an action against a tenant of the property for rent that accrued prior to the transfer of ownership.
The Presumptively Void Transfers to Caregivers Act in Illinois: Mercy with justiceBy Kenneth F. BergReal Estate Law, May 2018The Presumptively Void Transfers to Caregivers Act amended Article IV of the Illinois Probate Act, making presumptively void certain instruments executed after January 1, 2015, that transfer property to caregivers in excess of $20,000. This article defends the act as passed by the legislature.
Rents-and-profit doctrine revisitedBy Kim M. CaseyReal Estate Law, May 2018The Second District Appellate Court upheld the priority of a mortgage lender’s interest in collected rents pursuant to their recorded assignments of rents over a lien based upon a citation to discover assets filed by a competing creditor in BMO Harris v. Contarino.
2002 real estate legislation of interestBy Marylou Lowder KentReal Estate Law, December 2002Governor George Ryan has completed action on all legislation passed by the Illinois General Assembly last spring.
Answers to quiz:Real Estate Law, December 20021. d
2. e
3. c
4. b, d & e
5. b
6. d
Mortgage defense 101By Harold I. LevineReal Estate Law, December 2002Lenders frequently assign or transfer their loans. Sometimes they are securitized. Sometimes the servicer seeks to foreclose.
The Senior Citizens Real Estate Tax Deferral ActElder Law, December 2002The Senior Citizens Real Estate Tax Deferral Act, 320 ILCS 30/1 et seq., enables senior citizens to defer paying their real estate taxes until after their death, a sale of the real estate, or a failure to qualify for the program.
