Case Law Update on Foreclosures (2022)

Learn about the status of Illinois law (2022) with regard to foreclosures and about various loss mitigation options, including conventional sales, short sales, use of bankruptcy, foreclosures of reverse mortgages, modifications, consent judgments, and deeds in lieu of foreclosure.

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.

This course highlights some of the common scenarios banks encounter when dealing with elderly customers, their family, and their agents. Having a knowledge of what banks require and why they act as they do lessens the frustrations everyone feels when dealing with the sensitive subject of money.