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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: News & Events

Bank of America Equator 9/26/13 Short Sale Agent Post

Effective 10/1/13 HUD has announced the following changes to the FHA Short Sale Requirements:

  • There is a new dual agency/brokerage requirement: to meet the new short sale purchase contract addendum requirements, brokers and their agents may represent either the buyer or the seller, but not both parties
  • There are new or different documentation requirements now for verifying assets, income, and expenses
  • There is a Deficit Income Test (DIT) that will be used to determine a homeowner’s financial hardship
  • There is the possible elimination of the financial hardship/deficit income preforeclosure sale requirement for:
    • service members who have received Permanent Change of Station (PCS) Orders, or
    • homeowners who are deemed eligible for a streamlined preforeclosure sale option
  • There are new validation requirements for appraisals

*This information is not intended to be legal advice.  This information is subject to change, please contact us for more information.

Real Estate Committee MCLE Meeting – October 10, 2013

A Guide to Understanding the CFPB Proposed Changes to the Closing Statement
October 10, 2013
11:45 am – 1:00 pm

**NEW LOCATION**
Attorney Resource Center

Get ahead of the game in preparing for the changes resulting from the Consumer Financial Protection Bureau’s (CFPB) proposed rule for mortgage disclosures.

Join the DCBA Real Estate Committee on Thursday, October 10th at Noon in the Attorney Resource Center for a complimentary lunch and informative presentation which will cover the background of the proposed mortgage disclosure rule, effects of the rule on closing disclosures, changes to the closing forms and effects of the rule on the closing process.

Speaker: Thomas Pilafas, Sales Manager, Stewart Title

Lunch Info
Lunch at the Attorney Resource Center (ARC) is free!
Register online or contact Leslie Monahan at lmonahan@dcba.org or 630-653-7779.

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

HUD1 Proposed Replacement Document

Save the Date: 10/10/13

Thomas Pilafas of Stewart Title is speaking at the DuPage County Bar Association Real Estate Practice Committee 10/10/13 meeting on the new HUD1 proposed replacement document and how it will affect Buyers, Sellers, Agents, Attorneys and Lenders.

Disclaimer: This is not intended to be legal advice, this information is subject to change. Please call our office for additional information.

Real Estate Cte MCLE Meeting – September 12, 2013

Don’t miss the opportunity to get answers to your client’s questions about real estate tax exemptions and tax assessment appeals.

Join the DCBA Real Estate Committee on Thursday, September 12th at Noon in the Attorney Resource Center for a complimentary lunch and two informative speakers on tax assessments, exemptions and appeals.

Richard Guerard, of Guerard, Kalina & Butkus will share valuable information for real estate practitioners on tax assessment appeals; the process, forums and requirements.

Robert Earl, Milton Township Assessor will talk about tax exemptions available to your clients and his view from inside Milton township of the tax assessment appeal process.

**A 3 hour seminar is also being offered on this topic on Friday, October 4. Registration information is available online or at this meeting.**

When
September 12, 2013 11:45 am – 1:00 pm

Lunch Info
Lunch at the Attorney Resource Center (ARC) is free!
Register online or contact Leslie Monahan at lmonahan@dcba.org or 630-653-7779.

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