The Illinois Supreme Court’s decision in Spanish Court Two Condominium Association v. Carlson— What is the next step?By Ellis B. LevineReal Estate Law, April 2015The author of this article, the sponsor of many of the major provisions of the Illinois Condominium Property Act during his 16 years as a member of the Illinois General Assembly, agrees with the majority decision—that condominium law was intended to be statutory in nature, and therefore, that the obligation to pay assessments was absolute, but also agrees with Justice Freeman and the other dissenting justices as to the need for the General Assembly to provide additional mechanisms for condominium board accountability, some of which he spells out here.
Special Warranty Deeds—For the rest of usBy Joseph R. Fortunato, Jr.Real Estate Law, February 2015The author has approximately 20 years of experience drafting Special Warranty Deeds at closing, and provides a sample form.
What is due and what is not due: That is the questionBy Amber L. MichligCommercial Banking, Collections, and Bankruptcy, February 2015A look at the rights and responsibilities for all parties under the Condominum Property Act.
Resolving unclaimed property in IllinoisBy Christine SparksReal Estate Law, November 2014Pursuant to the Unclaimed Property Act, most attorneys are required to file an annual report with the Illinois State Treasurer's office advising of any unclaimed property that is being held.
Can lenders collect rents without possession? Recent First District opinion calls well-settled answer “no” into questionBy Thomas M. LombardoCommercial Banking, Collections, and Bankruptcy, October 2014One of the first things someone learns when they get involved in commercial real estate foreclosures is that a lender cannot enforce an assignment of rents unless it first obtains some form of “possession.” The First District, perhaps unintentionally, called this well-settled possession requirement into question on July 23, 2014 with its decision in Urban Partnership Bank v. Winchester-Wolcott, LLC, et al.
Zombie condo liens: What are they, and what do we do about them?By Adam B. WhitemanReal Estate Law, September 2014Just when you thought it was safe to buy a property at a foreclosure sale, you learn that a previously dead lien has come back to life, forcing you to reassess your priorities.
Special warranty deedsBy John C. MurrayReal Estate Law, August 2014A discussion and analysis of special warranty deeds, and a look at the court decisions that have ruled on their effect.
6 strategies to better represent sellers of real estateBy Colleen L. SahlasReal Estate Law, June 2014Implement these six strategies when representing sellers of residential real estate to avoid a myriad of problems down the road.
A guide to Illinois authority documentsBy Richard F. BalesReal Estate Law, May 2014A reference guide to the so-called “authority documents’—the various documentation that a title company examiner or closer needs to review in order to underwrite the conveyance or mortgage of Illinois land by entities as common as corporations and as unusual as unincorporated associations.
Caveat lessorBy Joel L. ChupackReal Estate Law, March 2014A look at some issues and problems raised by the The State of Illinois' and the City of Chicago's laws affecting the relationship between purchasers of distressed residential real estate and the tenants who occupy them.
Developing a game plan for residential foreclosuresBy Ebony R. HuddlestonGeneral Practice, Solo, and Small Firm, March 2014Illinois has one of the longest residential foreclosures processes in the country. Residential foreclosures can be a complex maze for practitioners and homeowners to navigate. For that reason, it is important to develop a game plan before proceeding to file a foreclosure complaint so practitioners can anticipate potential pitfalls the lender may encounter by pursuing the foreclosure action.
Past-due condominium assessments and the FDCPABy Nancy HyzerReal Estate Law, February 2014Recently the Northern District Court of Illinois issued a Memorandum Opinion in a class action suit claiming a FDCPA violation against a law firm representing a condominium association on a past-due assessment collection effort.
Real estate in Israel—Prepare for probateBy Deborah Opolion-ElovicInternational and Immigration Law, January 2014A look at the Israeli laws and procedures relating to a U.S. citizen who dies leaving real estate in Israel, and practical advice to those who currently hold real estate in Israel to ease the property's future transfer.