Last year, this blog discussed a lawsuit filed by Illinois Attorney General Lisa Madigan against Safeguard Properties (“Safeguard”) alleging that various acts of wrongdoing by the company in the course of its business maintaining and securing foreclosed homes. Specifically, the lawsuit claimed that Safeguard had illegally prevented homeowners from entering their residences by breaking in… Read More
The Slater Law Group’s Real Estate Blog
Colorado Couple Fighting County Government’s Attempt To Seize Land Through Eminent Domain
Last month, an article was published in the Huffington Post, discussing the plight of a Colorado couple fighting to keep ownership of their land situated in the White River National Forest, from the county government. According to the article, Andy and Ceil Barrie own a small cabin situated on a 10-acre parcel of real estate in… Read More
What Real Estate Purchasers Need To Know: Holding Title to Real Estate
In August, this blog discussed the question that every real estate purchaser needs to ask himself prior to the closing process: “Is title insurance necessary?” As that blog mentioned, title insurance is designed to insure the purchaser against certain defects in the title to the property. Although many people understand that the title to a… Read More
Illinois High Court Considers Challenge To Condominium Assessments
In June of 2012, the Illinois Second District Court of Appeals issued a controversial decision in the case of Spanish Court Two Condominium Ass’n v. Carlson, No. 2-11-0473 (Ill. App. Ct., June 27, 2012), holding that, although condo associations can pursue collection of unpaid assessments by filing a complaint against the homeowner, the homeowner may… Read More
Illinois Appellate Court Holds Mortgage Interest And Property Taxes Are Recoverable Damages After Breach of Real Estate Contract
A recent decision of the Illinois First District Court of Appeals in 1472 N. Milwaukee, Ltd. v. Feinerman, 2013 IL App(1st) 121191, illustrates the severe consequences that can result from failing to honor the terms of a real estate contract. In Feinerman, the plaintiff corporation, 1472 N. Milwaukee, Ltd. (“Milwaukee”), was the owner of a… Read More