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Real Estate Law Section officers are panel moderators The chair and vice chair of the ISBA Real Estate Law Section Council will be moderators for a pair of update seminars on Tuesday, Oct. 18, at the Chicago Athletic Association, and Tuesday, Oct. 25, at the Radisson Hotel, Bloomington. Council chair Joseph R. Fortunato of Fortunato, Farrell, Davenport & Arnold, Westmont, will do the honors in Chicago, and vice chair Ted M. Niemann of Schmiedeskamp, Robertson, Neu & Mitchell, Quincy, in Bloomington. Section council members Myles L. Jacobs of Brumund, Jacobs, Hammel & Davidson, Joliet, and Michael L. English of Russell, English, Scoma & Beneke, Princeton, along with Niemann, are program coordinators. Introductory remarks at 9 a.m. by Fortunato and Niemann will open the Law Ed Series seminar, which will continue as follows. 9:10 a.m. – Legislative Update, with section council member Marylou Lowder Kent of Land Title Services of Illinois, Springfield (both programs). 9:30 a.m. – Case Law Update, with Fortunato and section council member Steven B. Bashaw of Oak Brook (both programs). 10:40 a.m. – Alternatives to Mortgage Foreclosure: Deeds, standstill agreements and other workouts; obtaining payoff letters from lien holders and title insurance coverage over certain liens and encumbrances. Speakers are Jill D. Rein (in Chicago) and Alex M. Lockhart (in Bloomington), both of Pierce & Associates, Chicago. 11:15 a.m. – 1031 Exchanges: Require-ments and types, including reverse exchanges where title in replacement property varies from title in relinquished property. Speaker is Edward J. Hannon of Freeborn & Peters, Chicago (both programs). 11:45 a.m. – Luncheon period. 1 p.m. – Title Insurance Issues and Claims: Exceptions from coverage, conditions of coverage, basis for filing claims, and the role of attorneys versus title companies and closing agents on and before closing. Speakers are Jacobs and section council member Robert J. Duffin of First American Title Insurance Co., Warrenville. 2:15 p.m. (Bloomington program only) – Mineral Law Issues, with section council member James K. Weston of Chicago Title Insurance Co., Wheaton. 2:15 p.m. (Chicago program only) – Mortgage Fraud, with August R. Butera of Attorneys' Title Guaranty Fund, Chicago. 2:55 p.m. – How to Protect Your Assets when Entering a Nursing Home: Planning under exigent circumstances, holding title, advantages and disadvantages of conveying interests in relation to Medicaid. Speaker is Ford Chet June of June, Prodehl & Renzi, Joliet, a member of the Elder Law Section Council. 3:40 p.m. – Purchase Agreement and Lending Issues: Creative financing, full disclosure to lenders, purchase agreement provisions involving attorney modification, loan approval contingencies, sharing closing and repair costs, alternative dispute resolution. Speakers in Chicago are John G. O'Brien of Arlington Heights, member of the ISBA Board of Governors and founder of Illinois Real Estate Lawyers Association; English, and section council member Sandra J. Birdsall of Hasselberg, Williams, Grebe & Snodgrass, Peoria. Speakers in Bloomington are Jacobs, Niemann, and section council member Andrew C. Dystrup of David, Dystrup, Hoster, Osterberger & Jarot, Joliet. |