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Attorneys At Law

Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Business Law, & Estate Law.

Attorneys At Law - Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Business Law, & Estate Law.

Category Archives: Legal News

Five Tips for Beating Bank Foreclosure

Since the recession of 2008, foreclosures have become much more common than before. Luckily, there is a new legal practice area for lawyers to help homeowners keep their homes. Lawyers combine many facets of their knowledge to help you keep your home.

Five Common Defenses

Standing is one of the tactics. The entity filing the suit must be the proper party to enforce the note and foreclose the mortgage.

Acceleration would be the next tactic. A note is what is called an installment contract. One party lends money and the other makes periodic payments. If the responsible party fails to live up to their end of the bargain, the lender can sue for past due amounts.

Damages. As part of any civil lawsuit for money, including breach of contract, the plaintiff must prove damages.

Evidence. Lack of evidence can cause any case to collapse. Lack of evidence can cause any case to derail.

Second Lawsuits. In every other practice of law, once the case is closed, that is the end of it. However, in Florida, the Supreme Court of the state has decided that banks can have as many chances as they like as long as they can claim a different date on the defaults.

For More In-Depth Information Click the Article:

http://www.law360.com/articles/695014/5-tips-for-beating-a-bank-foreclosure

Easing The Process of Mortgages

Buying a new home can be a difficult process, especially when you have trouble understanding the legal terms used in your contracts and other paperwork. Fees aren’t always clear and payments to third parties aren’t always easily viewable. Borrowers were taken back by changes in fees and rates during the closing process. The level of disclosure is also a commonly brought up issue during the mortgage process.

Changes To Disclosure Rules On Mortgages

Since its beginning in 2011, the Consumer Financial Protection Bureau has been working on making the loan process more transparent. This year the TILA-RESPA Integrated Disclosure rule will change the disclosure rules on mortgages. One of the most helpful rule changes is the “Know Before You Owe” forms. These forms will replace the four current forms starting on October 3rd, 2015. The intention of these forms is to be less confusing and help the consumer better understand every step in the loan process including loan terms and fees to be paid. These new forms will be used in every mortgage transaction. It will help to establish conformity in the industry and make it easier to compare rates and fees for mortgages.

“Know Before You Owe”

The Loan Estimate Form will include interest rates, fees for both lender and third-party services such as appraisals and title costs. Lenders will be required to provide this form within three days of a loan application. The Closing Disclosure will include final figure closing costs, prepaid taxes and insurance, payments, fees and mortgage terms and much more. It should make the fees clearer and easier to understand for the consumer. You can see examples of the new and old forms and compare them at the Consumer Financial Protection Bureau website.

Brett Tanner Shares His Methods And Result-Driven Approach

There is no denying Brett Tanner’s success as the 4th top producing real estate agent in the nation. Chicago Title would like you to join in on the opportunity to learn from his experience. Brett and his team will demonstrate to you how to successfully sell in today’s market, using Brett’s methods and result-driven approach.

Join us on:

Wednesday May 20th, 2015 at Carlucci’s Rosemont, Riverway Auditorium, 6111 North River Road, Rosemont, IL 60018.
The event begins at 1:30 p.m. and ends at 3:30.
RSVP at www.corefact.com/localevents/may20rosemont

Complimentary parking is available in the 6133 garage. Pedestrian walkway is on the 3rd floor of the garage. Take the escalator down to the main level and walk 20 yards to the auditorium entrance.

Brett Quick Facts:

Brett and his team specialize in short sales, regular sales, first time home buyers, investment properties and repeat home buyers.

  • Ranked as high as #9 team by Wall-Street/RealTrends for units sold out of 1.5 million agents
  • 317 units, $63,041,010.57 Sold in 2014
  • 952 Homes sold and $171,000,000 in last 24 months
  • Ranked as high as #3 out of 85,000 agents at Keller Williams International for units sold

Important Tax Due Dates for McHenry, DuPage, Lake, & Will Counties

McHenry County

Real Estate TaxesTaxpayers should have received a tax bill the first week of May.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 815-334-4260 to request a duplicate bill.

1st Installment is due on June 4th, 2015
2nd Installment is due on September 4th, 2015
Check on a McHenry County property.

DuPage County

Taxpayers should have received a tax bill the first week of May.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 630-407-5900 to request a duplicate bill.

1st Installment is due on June 1st, 2015
2nd Installment is due on September 1st, 2015
Check on a DuPage County property.

Lake County

Taxpayers should have received a tax bill the first week of May.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 847-377-2050 to request a duplicate bill.

1st Installment is due on June 3rd, 2015
2nd Installment is due on September 3rd, 2015
Check on a Lake County property.

Will County

Taxpayers should have received a tax bill the first week of May.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 815-740-4675 to request a duplicate bill.

1st Installment is due on June 3rd, 2015
2nd Installment is due on September 3rd, 2015
Check on a Will County property.

Looking for Information on the Upcoming CFPB Changes?

Attend the Real Estate Practice Committee MCLE Meeting

Thursday, May 14, 2015
11:45 am – 1:00 pm
Attorney Resource Center

Julie Angelakos, Esq. the Illinois State Underwriting Counsel for Stewart Title Guaranty Co. will present “Understanding to NEW CFPB Rules”.

The handout for this meeting can be obtained at the following link: PDF

Copies of these handouts will not be provided at the meeting.

Pizza, salad and beverages will be provided for those that pre-register for this event. Please register online to make sure that there will be food for all attendees.

Location:

Attorney Resource Center
3rd Floor
DuPage County Judicial Center
505 N. County Farm Rd.
Wheaton, IL 60187

You must be a current DCBA member to receive credit for MCLE Committee meetings.