Closings

The 2010 Illinois Good Funds Provisions

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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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