Section Newsletter Articles on Real Property

The “burn down” guaranty: Yet another trap for the unwary lender? By John C. Murray Real Estate Law, February 2000 On May 26, 1999, the Illinois Appellate Court issued its decision in Bank of America National Trust and Savings Association v. Schulson, 305 Ill. App. 3d 941, 714 N.E. 2d 20 (1999), as modified upon denial of rehearing (June 30, 1999).
Requirements for real estate title insurance extended coverage By James F. Dunneback General Practice, Solo, and Small Firm, November 1999 Many general practitioners come across the term "extended coverage" in residential real estate transactions.
Proceed with caution in condemnation actions By Jeffrey A. Mollet Real Estate Law, September 1999 A recent decision from the appellate court for the Second District may cause municipalities to proceed with more caution in pursuing condemnation actions.
Custom built home contracts: representing the builder By Robert J. Lasky Real Estate Law, June 1999 A. Custom home builder is "a custom builder that...constructs a unique home or building that meets a specific client's needs and desires." National Association of Home Builders.
Tenancy by the entirety By Myles Jacobs Real Estate Law, January 1999 At the real estate update seminar this year there were some questions asked regarding tenancy by the entirety, its creation and what would be the effect on how title was held if the estate was not properly created.


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