On Demand
Audio
Hot Topics in Illinois Real Estate Law
Produced on May 12, 2017
Course Information
Course Description
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:
- 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
- Understand the concerns needed for the sale or purchase of Short Sale or REO property
- Review how to preserve the record for a lawsuit on a challenging conventional transaction
Credit Information
Faculty
Erica Crohn Minchella
Erica Crohn Minchella, Attorney at Law
Erica is a graduate of Loyola University School of Law and has practiced law for 35 years, of which 33 have been in some form of her own firm. Jokingly referring to herself as a “distress real estate lawyer”, Erica concentrates her time, talents and passion on assisting clients to be well-informed about their real estate decisions, whether they are buying a home or an investment, as well as helping them get out of debt and to build a solid financial future. Her field of expertise includes the spectrum of conventional and distressed real property issues, foreclosure defense, short sale transactions, and counseling her clients in re-establishing their credit and becoming debt free and mortgage free.
She also advises investors in need of exit strategies for real estate deals gone sour as well as those who see the current market as a great place to invest, as well as home buyers who are purchasing conventional and distressed real estate. For five years in a row, Erica has been named a Leading Lawyer by the Leading Lawyers Network and has been named a Super Lawyer for 2017. The extent of her mentoring younger attorneys in her areas of concentration as well as marketing and law office management has been acknowledged in the Kathryn Barisa Rinella Mentoring Award, given to her by the Justinian Society of Lawyers.
Erica serves on the Boards of the Association of Foreclosure Defense Attorneys (Founder and President), and Illinois Real Estate Lawyers Association and is a Commissioner on the Village of Skokie Economic Development Commission. Currently, Erica is the 2016-17 Chair of the Illinois State Bar Association Real Estate Law Section Council. She is regularly invited to be on the faculty of continuing legal education programs on real estate issues. Her business and professional association memberships include the Justinian Society of Lawyers, Small Business Advocacy Council, Women’s Council of Realtors, Women’s Bar Association and the Skokie Chamber of Commerce. She has maintained her Real Estate License for over 25 years. The mother of two grown children, she has been married for over 32 years to her husband, Jim.
Reviews
Useful
Several key points very well explained, particularly for a trial lawyer who seldom gets involved in real estate matters, but needed an update. Thank you..
Really interesting and timely content!
Excellent
Clarity.
Good presentation
Excellent coverage and presentation. Very helpful.
Great presentation
The speaker provided very good and relevant suggestions and information for avoiding or minimizing litigation in real estate transactions.
Extremely informative!!
All interesting.
I really liked the course; I really liked he presentation.
The instructor provided some excellent practical practice points. She demonstrated tremendous knowledge.
Excellent presentation!
Very informative
Very good.
Very good
Good, wide-ranging overview of Illinois real estate issues.