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Investing in Real Estate

Buying a property for the purpose of renting it out can be a fantastic source of monthly income and provide a strong future financial return. However, investing in real estate is a lot more complicated than dabbling in stocks and …

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 …

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, …

Protecting Tenants in Foreclosed Rental Properties

On June 5, the Chicago City Council passed the Protecting Tenants in Foreclosed Rental Property Ordinance, which is also known as the Keep Chicago Renting Ordinance, or KCRO. The KCRO requires that purchasers at foreclosure sales either offer tenants $10,600 …