Buyers of New Construction Beware: The Breach of Implied Warranty of Habitability in Illinois Further Erodes October 6, 2021 Historically, the purchaser of a newly constructed home took the property at his or her own risk if they failed...
Champlain Towers South: A tragic case study in the pitfalls of condominium association management July 28, 2021 Owning a condominium may seem like an easy alternative to home ownership. Maintenance costs are spread among the condominium associations’...
REAL ESTATE TAX CONSIDERATIONS FOR COMMERCIAL REAL ESTATE PURCHASE AND SALE AGREEMENTS September 3, 2019 Since real estate taxes are always due after the period to which they relate (e.g. taxes for 2019 are not...
Lenders, Beware! The Return of the Decade Old Foreclosure August 12, 2019 What is a bank to do when a former owner challenges a foreclosure proceeding based on the Court’s lack of...
An Unexpected Risk for Banks: The Chicago Residential Landlord and Tenant Ordinance July 16, 2019 It is an all too common scenario these days with mortgage foreclosures still commonplace in Chicago: someone leases a single...
Reminder to Chicago Landlords: Tenants Must be Notified of a Pending Foreclosure Action July 25, 2017 Under the City of Chicago Residential Landlord Tenant Ordinance (“RLTO”), owners and landlords of residential property located in the City...
