Articles on Real Property

Real estate financing in the new millennium By Stanley P. Sklar Commercial Banking, Collections, and Bankruptcy, August 2002 Too often, the construction lender treats the construction loan as it would treat any other commercial loan--without anyone with significant background in the vagaries of the construction industry ready to "pull the plug" should the loan become "out of balance."
2001 (and early 2002) Real estate case law update By Steven B. Bashaw Real Estate Law, May 2002 In Hidden Grove Condominium Association v. Katherine Crooks, 318 Ill.App.3d 945, 744 N.E.2d 305, 253 Ill.Dec. 23, a condominium homeowner alleged that the late charges her association levied upon her for failure to pay her January assessment until October were unreasonable and constituted an unenforceable penalty.
Powers of attorney from the title company perspective following AMCORE Bank v. Hahnaman-Alrecht By Richard F. Bales Real Estate Law, March 2002 AMCORE Bank v. Hahnaman-Alrecht, Inc., et al., No. 2-00-1462, a second district case, contains some valuable lessons for real estate attorneys who are fond of using powers of attorney.
Privacy versus confidentiality By Robert Duffin & Laurence F. Johnson Real Estate Law, December 2001 By now everyone should be aware of the Gramm-Leach-Bliley Act and the final privacy rule published by the Federal Trade Commission as required by the Act.
Sellers beware: buyer’s remedies for defective homes By Donald A. LoBue General Practice, Solo, and Small Firm, September 2001 There have been significant gains in the consumer protection afforded home buyers over the last decade.
Developments under the Real Property Disclosure Act By Herbert J. Klein Business Advice and Financial Planning, June 2001 The Residential Real Property Disclosure Act (RRPDA) was first enacted on October 1, 1994. Since that date it has been amended by the legislature and interpreted by several courts.
Why should an attorney be involved in residential real estate transactions? By Myles Jacobs Real Estate Law, March 2001 There appears to be a concerted effort on the part of some real estate brokers in Illinois to eliminate the real estate attorney as a necessary party to a real estate transaction.
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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