Section Newsletters

Articles From Kelly M. Greco

The Seventh Circuit and Illinois General Assembly agree: Strict compliance with the Illinois Conveyances Act not necessary for enforcing mortgages in Illinois By Kelly M. Greco Real Estate Law, April 2014 This article begins with an overview of the enforceability of mortgages in Illinois, and then examines the conflicting case law of the lower courts and the Seventh Circuit’s decision in In re Crane. Finally, the author discusses the legislative amendment to the Act in 2013 and how it affects real estate professionals moving forward.
The New Property Tax Exemptions Rules for Not-for-Profit Hospitals and Hospital Affiliates in Illinois By Kelly M. Greco Real Estate Law, June 2013 This article first discusses the background of property tax exemption in Illinois and the supreme court’s decision in Provena. The article then discusses the Act’s amendment to the Code and how property tax exemptions for not-for-profit hospitals and hospital affiliates will be analyzed moving forward.
New radon requirements and changes to radon disclosure in 2013 By Kelly M. Greco Real Estate Law, February 2013 On August 17, 2012, Governor Quinn approved House Bill 4606, which created new radon requirements in Illinois as well as changes to radon disclosure by amending both The Child Care Act of 1969 and The Illinois Radon Awareness Act.
Assessing property tax for an individual condominium unit By Kelly M. Greco Real Estate Law, September 2012 Due to the nature of condominium ownership, the method by which condominiums are assessed and taxed as real property can be unclear. This article unravels this question and addresses how property tax is assessed for an individual condominium unit.

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