Section Newsletters

Articles From Adam J. Wilde

Wholesaling Real Estate: How Recent Changes to the Real Estate License Act Impact the Business Model By Adam J. Wilde Real Estate Law, November 2019 On August 9, 2019, Public Act 101-0357 became law, reforming numerous parts of the Real Estate License Act and the practice of wholesaling/assigning.
Buyer beware: The 7th Circuit clarifies a buyer’s obligations to pay real property transfer taxes when a seller is federally exempt By Adam J. Wilde Real Estate Law, February 2018 In Federal National Mortgage Association, et.al. v. City of Chicago, the 7th Circuit held that the Government Sponsored Enterprises' exempt status does not extend to third-party purchasers.
1 comment (Most recent February 7, 2018)
Illinois Mortgage Foreclosure Law amended to allow for a strict foreclosure of an omitted subordinate interest By Adam J. Wilde Commercial Banking, Collections, and Bankruptcy, December 2014 Under the new section of the IMFL, if a subordinate lien is omitted from a foreclosure, the holder of the superior lien (the loan that was actually foreclosed) may file a strict foreclosure action against that omitted lien.

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