Learn about the latest developments in Illinois foreclosure law. This program includes updates on recent cases and statutes, unique aspects of commercial foreclosures, loss mitigation and workout options, and a panel discussion on best practices in dealing with ethical issues in distressed real estate.
Credits: 3 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 1 Other PR
Program Moderator: Erica Crohn Minchella, Minchella & Associates, LTD, Skokie
Caselaw Update on Foreclosures
Learn about the latest developments in Illinois foreclosure law from recent cases and updates to statutes.
James V. Noonan, Noonan & Lieberman, Chicago
Stephen Saporta, Saporta Law Offices, Joliet
Ralph J. Schumann, The Law Offices of Ralph J. Schumann, Schaumburg
Aspects of Commercial Foreclosures
Commercial foreclosures involve unique aspects that require specific knowledge. This session will focus on differences between commercial and residential foreclosures, including receivership, alternative sales, guarantor liability and mechanics liens.
Samuel H. Levine, Downey & Lenkov, LLC, Chicago
James V. Noonan, Noonan & Lieberman, Chicago
Mortgage Loan Loss Mitigation
Learn about the current status of Illinois law with regard to foreclosures and discuss loss mitigation options, including conventional sales, short sales, use of Bankruptcy, foreclosures of Reverse Mortgages, modifications, consent judgments, and deeds in lieu of foreclosure.
Erica Crohn Minchella, Minchella & Associates, LTD, Skokie
Kathleen Robson Gordon, Robson & Lopez, LLC, Chicago
Panel: Ethical Issues in Distressed Real Estate
(1.0 General PR Credit)
This panel will discuss a variety of cases and issues that have presented ethical issues in distressed real estate to alert practitioners to the differences and treatments of several important issues. Panelists will also discuss best practices in dealing with these issues.
Samuel H. Levine, Downey & Lenkov, LLC, Chicago
Erica Crohn Minchella, Minchella & Associates, LTD, Skokie
James V. Noonan, Noonan & Lieberman, Chicago
Kathleen Robson Gordon, Robson & Lopez, LLC, Chicago
Stephen Saporta, Saporta Law Offices, Joliet
Ralph J. Schumann, The Law Offices of Ralph J. Schumann, Schaumburg
