Home / News / Blog

Blog

How to Prepare for a Real Estate Closing

The real estate closing is the legal process of transferring ownership of real property from the seller to the buyer, and the final step in the purchase of your new home. In many cases, the final days leading up to …

Webinar: CFPB Mortgage Servicing Rules

The webinar presentation you are about to watch explains the new CFPB Mortgage Servicing Rules that went into effect on January 10, 2014. If you have any questions regarding these new rules, please contact Partner, Doug Oliver, (doliver@fallaw.com) or Associate Counsel, Michael …

Naming Heirs in Illinois

A deceased borrower’s spouse or child will often contact your office wanting to know why he or she is named in a mortgage foreclosure lawsuit when he or she did not own the property. That person will inform you that …

Article: The Wigod Decision

In March of 2012, the U.S. Court of Appeals for the Seventh Circuit issued its decision in Wigod v. Wells Fargo Bank. Lori Wigod was a borrower who sued her servicer on numerous theories, alleging that she was entitled to …

Article: New Illinois Supreme Court Rules

On February 22, 2013, the Illinois Supreme Court adopted several new rules governing foreclosure. The rules took effect on May 1, 2013. The overall effect of the new rules is to place greater burdens on plaintiffs and their counsel. However, …