WZ-logo
Areas of Practice, Association Due Diligence, Condominium Associations

Representation for Condominium Boards and Managers

Are you experiencing problems with ever increasing condo or townhome assessments? Seeing “special assessments” or sudden additional line items on your assessment? Does your board never have a detailed response for these increases? Does your board operate without the required open-meeting votes? Does the board fail to call meetings to discuss the status of the […]

WZ-logo
Areas of Practice, Corporate/Business Law, Latest News, Real Estate, Real Estate Transactions

Real Estate Transaction Basics – Foreign Corporations

A foreign corporation is a corporate entity formed in a state different than Illinois. Such corporations, if they transact business in Illinois, must be registered to do business in Illinois. Now there is a somewhat convoluted test to determine what “doing business” in fact consists of, but for purposes of a real estate transaction this […]

Areas of Practice, Civil Litigation, Latest News, Mechanic's Lien, Mechanic's Lien Foreclosure, Real Estate

Make Sure You Got All Your Money Before You Give a Release in a Mechanic’s Lien Scenario

In a recent case the court held that once a release is recorded on title to a property removing the mechanic’s lien previously filed by the unpaid contractor, there is no recourse and any claims based on the lien are waived forever. So even if the release is executed and recorded based on a settlement […]

Areas of Practice, Civil Litigation, Latest News, Mechanic's Lien, Mechanic's Lien Foreclosure, Real Estate

Case Law Update – Mechanic’s Liens

The validity of mechanic’s liens filed and the subject of timely foreclosure actions are subject to the veracity and accuracy of the information represented in the mechanic’s lien documents that form the basis of the action. Honest mistakes in information in the lien do not invalidate the document. The statute will invalidate a lien wherein […]

Areas of Practice, Civil Litigation, Latest News, Real Estate, Real Estate Litigation

Illinois Real Property Disclosure Report – Mandatory or Else!!!!

Realtors, ever “forgotten” to get a disclosure signed by your client? Ever forget to make sure the other realtor gets their client to sign? Beware it can come back and bite you! And cost everyone in the end!!!! The right to completed Real Property Disclosure Report attendant to a real estate transaction is absolute. Until […]

Areas of Practice, Civil Litigation, Latest News, Mechanic's Lien, Mechanic's Lien Foreclosure, Real Estate

Case Law – Mechanic’s Lien Act

The Mechanic’s Lien Act creates certain protections for contractors who complete work on real property and then face the prospect of not getting paid by unscrupulous owners of the real estate. To take advantage of the benefits under the Act, the contractor needs to strictly comply with the terms and conditions of the Act. One […]

Real Estate

Real Estate Purchase Practice Tip

Buyers be aware that real estate closings now occurring are within 60 days of the due date for property taxes in all counties around the metropolitan Chicago area. If you are purchasing and taking out a mortgage, most lenders are requiring title companies to hold what is called a tax indemnity. The title company holds […]