Publications

Section Newsletter Articles on Real Property

Overview of attorney review cases By Joseph R. Fortunato Jr. Real Estate Law, October 2007 Contract forms have contained clauses described variously as “Attorney Approval,” “Attorney Modification,” “Attorney Disapproval” and “Attorney Review.”
When a foreclosure sale preempts mortgagor’s right to sell By Gary R. Gehlbach Commercial Banking, Collections, and Bankruptcy, October 2007 In Household Bank, FSB, v. Lewis et al., the First District of the Illinois Appellate Court reversed the Cook County trial court, finding that the expiration of the mortgagors’ statutory right of redemption precluded the mortgagors from selling the property.
Editor’s note By Gary R. Gehlbach Real Estate Law, September 2007 Summer vacation is over so it’s back to work, although I don’t recall a busier summer in the office.
Liability for construction claims By Margery Newman Real Estate Law, September 2007 The construction industry is rife with situations in which one party may become liable to or for another party in the construction process.
Severing a tripartite joint tenancy By Gary R. Gehlbach Real Estate Law, September 2007 In law school we learned about the creation of joint tenancies and the four unities: time, title, interest and possession.
When a foreclosure sale preempts mortgagor’s right to sell By Gary R. Gehlbach Real Estate Law, September 2007 In Household Bank, FSB, v. Lewis et al., 311 Ill.Dec. 677, 869 N.E.2d 351, the First District of the Illinois Appellate Court reversed the Cook County trial court, finding that the expiration of the mortgagors’ statutory right of redemption precluded the mortgagors from selling the property.
Does size matter? Homestead and Tenancy by the entirety By Richard F. Bales Real Estate Law, August 2007 Are there limits to the size and nature of a married couple’s homestead that can be owned as tenants by the entirety?
Editor’s note By Gary R. Gehlbach Real Estate Law, August 2007 Some of you may remember Mike Rooney, who was (and still is) quite involved in real estate matters, especially title matters and professionalism.
Related-party exchange approved By Gary R. Gehlbach Real Estate Law, August 2007 In the August 2006 issue of this publication, I outlined a procedure for a related party tax-deferred exchange, actually sanctioned by Congress (Vol. 52, No. 1).
Case law update By Samuel H. Levine Real Estate Law, July 2007 Recent cases of interest to real property practitioners.
Editor’s note By Gary R. Gehlbach Real Estate Law, July 2007 This mid-summer issue features several articles that the readers will, hopefully, find informative.
Vacation homes and Section 1031 By Gary R. Gehlbach Real Estate Law, July 2007 Section 1031 of the Internal Revenue Code and the Regulations promulgated thereunder rather clearly provide that eligible property must be “held for productive use in a trade or business or for investment.”
Attorney General Opinion restricts county recorders By Howard Samson Real Estate Law, June 2007 In the portion of this author’s article on land split considerations dealing with the Plat Act, which appeared in the February 2007 issue of this newsletter, it was stated that the Attorney General’s office was in the process of determining “whether the provisions of 765 ILCS 205/5a are broad enough to allow a county Recorder to require” that a Plat Act affidavit accompany every submitted deed, even one wherein the legal description was an undivided lot in an existing subdivision.
Editor’s note By Gary R. Gehlbach Real Estate Law, June 2007 In the last issue of this publication (April 2007, Vol. 52, No. 8) I suggested misgivings about the routine use of the general warranty deed and the casual reference to the quitclaim deed as a panacea for all real property ills.
Practical problems in residential transactions By Myles Jacobs and Robert Duffin Real Estate Law, June 2007 Two realistic scenarios that practitioners must be aware of.
Editor’s note By Gary R. Gehlbach Real Estate Law, April 2007 The unauthorized practice of law is alive and not so well, causing problems for many unsuspecting consumers.
Editor’s note By Gary R. Gehlbach Real Estate Law, March 2007 This issue presents a look inside the workings of the Real Estate Law Section Council, the members of which are listed in this publication.
FSIA applied retroactively and subsequent commercial use of expropriated property does not qualify for the “commercial exception” By Paul J. Carrier International and Immigration Law, March 2007 The Second Circuit ruled that the U.S. courts did not have subject matter jurisdiction over claims of Jewish persons and entities for the return of real property taken by Polish authorities shortly after the Second World War.
Letter to the Editor By Ronald J. Guild Real Estate Law, March 2007 Please accept a friendly response from a past editor.
Mentors: You can learn a lot from crash dummies and other ruminations By William J. Anaya Real Estate Law, March 2007 As a young lawyer, one of my mentors nominated me to the Illinois State Bar Association’s Real Estate Law Section Council.
Solving the problem of the over-inclusive deed By Robert Duffin and Myles Jacobs Real Estate Law, March 2007 In the fact situation presented last month, the trustee suggested that the deed be rerecorded to delete any reference to the metes and bounds description in order to solve the ambiguity. All too often this approach is used and causes many problems.
Ethical and professional concerns By Robert Duffin and Myles Jacobs Real Estate Law, February 2007 Two scenarios that challenge practitioners' ethics.
Land split considerations: The Plat Act By Howard Samson Real Estate Law, February 2007 Note: This article is an excerpt from and adaptation of a comprehensive article by Mr. Samson, in which the author addresses, in addition to the Plat Act, county and municipal plat provisions, general county and municipal zoning provisions, affirmations and disavowals, broker’s representations, inadvertent consolidation, access, and other land-split matters.
Pay yourself in residential real estate transactions By Peter R. Olson Real Estate Law, February 2007 The author lists 10 factors whereby you can directly fatten your client’s checkbook during your next real estate transaction.
Real estate investment in Romania By Sorina Tira International and Immigration Law, January 2007 It is a fact! Romania will become a member of the European Union on January 1, 2007.
Update from the 94th General Assembly By James K. Weston Real Estate Law, November 2006 The General Assembly concluded the Spring 2006 Session in May, over a month after the initially announced end of session, April 7.
A comparison of the new Multi-Board Residential Real Estate Contract 4.0 (Year 2006 version) with the 3.0 version By Joseph R. Fortunato Real Estate Law, August 2006 In this outline the author attempts to review and contrast the Multi-Board Residential Real Estate Contract 4.0, approved or soon to be approved throughout the Chicago area, with the Multi-Board Residential Real Estate Contract 3.0, the so-called “Common Contract” currently in use.
Title, legal, ethical and other real estate issues By Robert Duffin and Myles Jacobs Real Estate Law, May 2006 On a periodic basis, this newsletter will present real issues encountered by real estate attorneys.
How to reduce the real estate taxes on your home By Katherine A. Amari Young Lawyers Division, April 2006 Homeowners may contest their real estate taxes with the local taxing officials; the Cook County Assessor’s Office and the Cook County Board of Review.
Supreme Court decides that title insurers are not in the business of supplying information when they issue title commitments and title insurance policies By J. Michael Williams Real Estate Law, April 2006 On January 20, 2006, the Illinois Supreme Court unanimously ruled that title companies in Illinois are not liable for negligent misrepresentation when, in the course of issuing title commitments and title insurance policies, they do not disclose liens, restrictions, or other title matters affecting the real property in question.