Real Estate on HoldBy James K. WestonApril 2009Column, Page 206The real-estate market, still frozen by fear, is producing few opportunities.
Creative ways to fend off foreclosureBy Helen W. GunnarssonMarch 2009Lawpulse, Page 116Two lawyers think outside the box to help clients hang on to their homes, one by negotiating with lenders, the other by leveraging the power of Chapter 13.
Bidder bewareBy Helen W. GunnarssonSeptember 2008Lawpulse, Page 438Winning bidders at judicial foreclosure sales can ultimately lose if a subsequent buyer offers more and the lender withdraws its foreclosure motion before the judge confirms the sale, the Illinois Supreme Court ruled.
Cashing in on home sweet homeBy Helen W. GunnarssonApril 2008Lawpulse, Page 174Reverse mortgages are a popular, if controversial, way for elderly clients to cash in on the equity in their homes. Here's how they work and why you should be wary.
For New LawyersApril 2008Column, Page 215Is a co-signer entitled to a foreclosure notice?
Helping Clients Who Face ForeclosureBy Helen W. GunnarssonFebruary 2008Article, Page 76Notice of foreclosure creates a personal crisis for your home-borrower clients. Here's how to counsel them.
The Mortgage Rescue Fraud ActBy James K. WestonJanuary 2007Column, Page 52This law, effective January 1, is designed to protect soon-tobe-forclosed landowners from a "rescue" scam.
Surpluses from foreclosure sales do not go to the purchaserJanuary 2007Illinois Law Update, Page 14On November 13, 2006, the Illinois Appellate Court, Second District, reversed and remanded the decision of the Circuit Court of McHenry County, holding the circuit court abused its discretion by distributing a portion of the surplus funds from a sheriff's auction to the winner of that auction.
Confidentiality rules created for predatory lending databaseNovember 2006Illinois Law Update, Page 584The Residential Real Property Disclosure Act (Act) required that the Department of Financial and Professional Regulation (Department) establish a database for its Predatory Lending Database Pilot Program (Database Program).
Anti-predatory-lending statute takes effect January 1By Helen W. GunnarssonDecember 2005Lawpulse, Page 614An amendment to the Real Property Disclosure Act will create a new predatory lending database. But some worry that it could unintentionally penalize good-guy lenders in targeted neighborhoods.
High risk home loansJuly 2001Illinois Law Update, Page 342On May 17, 2001, the Illinois Office of Banks and Real Estate (office) adopted a new provision to section 345 of the Illinois Administrative Code. 38 Ill Adm Code 345.