IRELA

A comprehensive guide to all of these so-called “authority documents”—the various documentation that an attorney and title company need to review in order to underwrite the conveyance or mortgage of Illinois land by entities as common as corporations and as unusual as unincorporated associations.

Learn about transferring the ownership of a mobile home from a seller to a buyer in Illinois. This is not intended for situations where the land the mobile home sits on is included in the sale. However, if you and your client are dealing with an individual mobile home located in a pre-existing mobile home park, on somebody’s rented land, in a lot, or somewhere else involving a lease, then this presentation is for you. Walk through the practical steps in the process to transfer a mobile home title from one owner to the next. To help you further, example forms will be included to keep the process fairly simple and straightforward for you and your clients.

An advanced discussion of Section 1031 tax-deferred exchanges of real estate, including the technical and chronological requirements, process, procedures, and different structures with a focus on reverse and improvement (or build-to-suit) exchanges. Attorneys in attendance will come away with a working knowledge of reverse and improvement exchanges, and be able to recognize the terminology and instances where a client may want to consider a 1031 exchange transaction or need the services of a professional qualified intermediary (QI) or exchange accommodation titleholder (EAT). Learn about the different types of exchanges (forward, reverse, and improvement exchanges), general requirements, necessary documentation, rules, advantages/drawbacks and other considerations when determining whether the client can or is able to perform an exchange.

An introduction to the basics of the new law governing most residential landlord-tenant situations in Cook County beginning in June 2021.