Aspects of Commercial Foreclosures

The program includes: general mechanics liens concepts, mechanics liens on private projects, mechanics liens on public projects, and addresses specific verbiage and timelines that should be considered when drafting and filing for mechanics liens.

Address selecting the case that is ripe for settlement, determining the correct timing for settlement discussions, and preparing the case, your client, and yourself for a successful mediation. Also cover best lawyer practices when participating in a mediation.

The legislation that originally created the Transfer on Death Instrument became law in 2012. It is codified as 755 ILCS 27/1 et seq. (“The Act.”) This statute was amended in 2015. There is now a second amendment, Public Act 102-0068, which is effective January 1, 2022. Public Act 102-0068 is truly a major revision of the Act. Consider just a few of these new changes: The Act is no longer the Illinois Residential Real Property Transfer on Death Instrument Act because the Act is no longer limited to just residential real estate. Effective January 1, 2022, a spouse can now renounce a Transfer on Death Instrument and take his or her statutory share. Dick Bales has put together a comprehensive 26-page handout where he thoroughly discusses all the changes to the Act. When appropriate, he uses situational examples to better illustrate these changes. In addition, he has put together a list of what he feels are some areas of concern to both attorneys and title companies.