Closings

The Buyer's Burden: FIRPTA Tax Withholding Requirements

by John Gollwitzer, ATG Law Clerk; Privacy Concerns addition by Tania M.S. Stori, Senior Managing Attorney, ATG Underwriting Department

This article originally published in the...

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The Closing Disclosure Form: A Reference

By, Steven Walker, ATG Law Clerk

Introduction

Federal law has required lenders provide two different disclosure forms at, or shortly before, a closing on a mortgage loan. Two...

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The Impact of Amendments to IRPC 1.15: A Lawyer's Obligation to Manage and Protect Client Funds

EFFECTIVE SEPTEMBER 1, 2011

On July 1, 2011, the Supreme Court of Illinois announced...

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The Real Estate Settlement Procedures Act (RESPA)

 

THE REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA)

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Title Agents and Rule 1.15

Just last month, the Illinois Supreme Court revised Rule 1.15 of the Illinois Rules of Professional Conduct, causing real estate attorneys...

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Title Indemnity Agreements

 
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Title Tips: Closing Checklist for When the Client is Not Attending

From time to time, attorneys have a client or clients who will not be present at the closing. This checklist will focus on a few of the major items that will be required when the client is absent...

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Title Tips: Documents Must be in Proper Form to Avoid Additional Recording Fees

 

Make sure that all documents that are to be recorded in connection with a closing conform with the requirements outlined at 55 ILCS 5/3-5018. Some county recorders are scrutinize the...

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Title Tips: Make Sure the Deed Contains all Necessary Information

 

It is common for county recorders to reject a deed because it does not contain all the necessary information. In addition, there is information on the deed that will be helpful for those...

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Title Tips: No CPLs When the Closing Is Not Done by ATG or an ATG Agent

ATG does not issue a Closing Protection Letter (CPL) when the closing is not being conducted by ATG or an ATG issuing agent. To make sure that ATG’s records reflect that no CPL fees will be...

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