Hot Topics in Illinois Real Estate Law

The economic meltdown of 2008-2009 caused numerous changes and challenges in Real Estate Law, especially in Foreclosure Law and addressing the manner of dealing with property that is no longer worth the debt against it. This course, taught by Illinois real estate attorney Erica Crohn Minchella, will explore how recent developments in case law and legislation have adjusted to those changes.

The program will also explore what changes have occurred in dealing with distressed property and what concerns the practitioner needs to have when dealing with a challenging conventional transaction.

Learning Objectives: 

1. Discuss how consumer rights have been restricted through Legislation and Case Law as Illinois is considered to have amongst the slowest processes to complete a foreclosure
2. Understand the concerns needed for the sale or purchase of Short Sale or REO property
3. Review how to preserve the record for a lawsuit on a challenging conventional transaction