Sellers subsidize closings via HUD-approved programsBy Helen W. GunnarssonMarch 2005Lawpulse, Page 110The Nehemiah and AmeriDream programs allow sellers to pick up closing costs for homebuyers without violating RESPA. But is there a downside to this popular practice?
You, too, can be title insurance agentBy Helen W. GunnarssonAugust 2004Lawpulse, Page 390Have – or hope to have – an active residential real estate practice? If you're not a title agent already, becoming one might well boost your bottom line.
How to represent an apartment buyerBy Helen W. GunnarssonApril 2004Lawpulse, Page 170Contributors to an ISBA e-mail discussion group create a primer that describes what any attorney should insist upon when representing the buyer of an apartment building.
Assessing reassessmentsBy Helen W. GunnarssonAugust 2003Lawpulse, Page 374Appellate court precedent makes it difficult for assessors to change the valuation of property more often than once every four years. But what are the limits on assessors' authority to "revise and correct"?
Proposed RESPA Regs Worry Real-Estate BarBy Helen W. GunnarssonJune 2003Lawpulse, Page 274Real estate practitioners fear that proposed new regulations under the Real Estate Settlement Procedures Act spell trouble for consumers and lawyers.
Green-sheet bluesBy Helen W. GunnarssonMarch 2003Lawpulse, Page 110For purposes of calculating real estate transfer taxes, the "consideration" paid for a new house equals the original contract price and; whether your homeowner client likes it or not; the extras added later, real estate practitioners argue.
New guidelines created governing home loans P.A. 92-0531March 2003Illinois Law Update, Page 116Recent amendments to the Deposit of State Moneys Act (15 ILCS 520/7) now permit approved financial institutions to place the interest earned by deposited state moneys in a separate account.
Uncle Sam sidesteps tenancy-by-the-entirety restrictionsBy Helen W. GunnarssonJuly 2002Lawpulse, Page 338A recent U.S. Supreme Court case holds that tax liens against one spouse attach to property held in tenancy by the entirety by both spouses, putting the IRS in a better position than other creditors.