On Demand
Audio
Hot Topics in Illinois Real Estate Law During the COVID-19 Pandemic and Beyond
Produced on May 15, 2020
Course Information
Course Description
The recent pandemic and related economic downturn have caused numerous changes and challenges in real estate law. This course, taught by Illinois real estate attorney Erica Crohn Minchella, will explore how common real estate procedures have adjusted to those changes and important considerations to be mindful of. Topics to be discussed include remote notarization; recording issues; proposed changes in the title industry; blockchain; and changes in the law regarding wholesaling. All of these items will be examined through the lens of the real estate attorney.
Learning Objectives:
- Review how remote notarization can be handled during the Shelter in Place Order and what we can anticipate going forward
- Discuss the problems attendant to get documents recorded after closing and what can be anticipated for the future
- Examine what proposals have been made about changing compensation for attorneys for title orders, and why and what the status is
- Explore proposals for using blockchain to record real estate transactions
- Analyze changes to the law regarding wholesaling and identify important considerations for attorneys
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
Particularly insightful on landlord/tenant COVID problems. Thank you!
She is a great speaker. Very impressed with her knowledge. I loved that she recapped all the main points at the end.
Some portion of this content is or could easily be out of date in the fluid covid situation.
Very educational. Specially with wholesaling if you are not a licensed broker. I did not know the law and now I also cannot be a party to such transaction as an attorney. Very timely indeed
Great!
Informative
It will be interesting to see how this will all play out.
Appreciate you being so current!
Lots of informative information.
Very informative. Thank you!
Very easy to follow and understand, good practical advice.
Very up-to-the-minute on the situation here in Cook County, IL
Excellent.