Real Estate Law Update - Fall 2017

October 19, 2017
8:15 a.m. – 4:45 p.m.
6.50 MCLE hours, including 1.00 Professional Responsibility MCLE credit hours (PMCLE credit subject to approval)
Presented by Real Estate Law

Bloomington
Holiday Inn & Suites
3202 East Empire Street
(map and directions)


Join us for this full-day seminar that focuses on a number of key real estate updates, including recent case law, legislation changes, and the ethical issues you need to consider. Commercial and residential real estate lawyers with intermediate practice experience who attend this seminar will better understand:

  • The Illinois Supreme Court’s new proactive management-based regulation (PMBR) self-assessment program;
  • The professional responsibility issues that can arise when non-attorneys represent parties in a transaction;
  • The pros and cons of seller financed installment contracts;
  • The terms, conditions, and coverages of title insurance;
  • Abuses in seller real estate financing;
  • The adverse effect of recent banking regulations on community bank mortgage loans;
  • Changes in federal real estate closing regulations;
  • Enforcing judgments against real estate; and
  • Much more!


Program Coordinators:
Robert J. Duffin
, First American Title Insurance Company (retired), Joliet
Myles L. Jacobs, Castle Law LLC, Joliet
Samuel H. Levine, Miller Canfield Paddock and Stone PLC, Chicago
Ted M. Niemann, Schmiedeskamp Robertson Neu & Mitchell LLP, Quincy

Program Moderator:
Adam B. Whiteman
, Whiteman Borden, LLC, Chicago

 

NOTE: Your registration includes access to electronic course materials that will be sent to you via email prior to the seminar. Printed course materials may be purchased for a nomial fee via the registration page.

 

Agenda

8:15 – 8:30 a.m.  Welcome and Introductions
Adam B. Whiteman
, Whiteman Borden, LLC, Chicago

8:30 – 9:45 a.m.  Case Law Update
This panel presentation discusses important Illinois real estate-related cases that were decided in 2016 and 2017, and includes best practice tips and advice from our speakers.
Steven B. Bashaw, Steven B. Bashaw, P.C., Lisle
Joseph R. Fortunato, Kaufman Dolowich Voluck, Chicago
Erica C. Minchella, Minchella & Associates, Ltd., Skokie

9:45 – 10:00 a.m. – Break (beverages provided)

10:00 – 10:45 a.m.  Legislative Update
Don’t miss this analysis of the real estate-related legislation that passed during the 2017 Illinois legislative session.
Bruno W. Tabis, Jr., Haskin Corrigan Tabis & Parravano P.C., Wheaton

10:45 – 11:45 a.m.  Professional Responsibilities for the Real Estate Practitioner*
Gain a better understanding of the ethical issues facing real estate practitioners, and how you can avoid missteps in your practice. Topics include: the Illinois Supreme Court’s new proactive management-based regulation (PMBR) self-assessment program; the ARDC report; cross-border practices; client relationship matters (including the use of engagement letters); unethical document redlining/negotiation practices; cyber and other security issues; trust account practices; and The Himmel Case trends. A discussion on the unauthorized practice of law and issues relating to non-attorneys representing parties in a transaction is also included.
Gary S. Rapaport, Illinois Attorney Registration and Disciplinary Commission, Springfield

11:45 a.m. – 1:00 p.m. Lunch (on your own)

1:00 – 2:00 p.m.  Seller Financing – Installment Contracts, Take Back Mortgages and Second Mortgages and Remedies in the Event of Default
This segment examines a number of seller financing issues, including: terms/conditions and pros/cons of installment contracts, take-back mortgages, and second mortgages, as well as related-seller remedies.
Joel L. Chupack, Heinrich & Kramer P.C., Chicago
Myles L. Jacobs, Castle Law LLC, Joliet
Philip J. Vacco, Vacco Law Office, Plainfield           

2:00 – 3:00 p.m.  Understanding Title Insurance from A-Z
This comprehensive overview explores key title insurance issues, including terms and conditions, coverage, and title policy claim-related remedies.
Kerry R. Dahm, First American Title Insurance Company, Warrenville
Ed Janczur, Old Republic Title Company, Chicago
Donald Marcum, Fidelity National Title Group, Morris

3:00 – 3:15 p.m. Break (refreshments provided)

3:15 - 4:45 p.m.  Hot Topics in Real Estate
Interact with our speakers as they discuss a number of timely topics, including: abuses in seller real estate financing; the adverse effect of recent banking regulations on community bank mortgage loans; changes in federal real estate closing regulations; the events that may sever real estate titles held in joint tenancy and tenants by the entirety; enforcement of judgments against real estate; and recent implied warranty of habitability developments.
Kenneth E. Davies, Heyl, Royster, Voelker & Allen, P.C., Peoria
Theresa Dollinger, Castle Law LLC, Homer Glen
Myles L. Jacobs, Castle Law LLC, Joliet

 

*Professional Responsibility MCLE credit subject to approval