Seee-version
June 2011 | Volume 4 • Number 4
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Update from ATG Administration
ATG CEO and President Named Laureate of the Academy of Illinois Lawyers
Birnbaum Second Youngest Laureate Ever Inducted by the Illinois State Bar Association
The 2011 Class of seven Laureates was inducted on Tuesday, April 26, 2011, at a luncheon ceremony in Chicago at the Standard Club, led by ISBA past president and ATG board member John G. O'Brien of Arlington Heights, chancellor of the Academy Board of Regents.
Birnbaum has served as President and CEO of ATG since 1991. He began his 30-year career with us in 1981 while in law school. A distinct part of Peter&€™s success as President is that he understands ATG operations and core functions with great depth, having worked in several different roles, supervised many departments, and been a part of the building process at ATG since the early days... read more Laureate Peter J. Birnbaum, ATG President and CEO, receives his Illinois State Bar Association (ISBA) Laureate medal from ISBA President Mark Hassakis (long-time ATG member) at left and John O'Brien, ISBA Past President, chancellor of the Academy Board of Regents, and long-time ATG member and board member.
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ATTORNEYS | Practice Notes
REAL ESTATE AND TITLE INSURANCE NEWS
Don't Forget: Small Business Job Creation Tax Credit — The hiring deadline to take advantage of this significant Illinois tax break is June 30... read more
TRUST AND ESTATE PLANNING NEWS
Tenancy by the Entirety: How Do You Make a Trust a Husband? — The Illinois Legislature recently passed legislation that would allow the separate inter vivos trusts of a husband and wife to take title to real estate as tenants by the entireties... read more
CASENOTES
Illinois
Mechanic's Liens
National City Mortgage v Bergman — The appellate court found that section 7 of the Mechanic's Lien Act does not require a completion date... read more
Indiana
Disclosure; Fraud
Hizer v Holt — Where a seller was proved to have actual knowledge of an undisclosed defect in the property, the seller is liable for fraudulent misrepresentations made on the Residential Real Estate Sales Disclosure form... read more
Wisconsin
Mortgages
Countrywide Home Loans, Inc. v Russ — A court must deny confirmation of a judicial sale where a bidder seeks a deficiency judgment and bids less than a fair value. Where no deficiency judgment is sought, a bid lower than the outstanding mortgage value does not create any undue burden on the mortgagor... read more
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ATG MEMBERS | Underwriters' Bulletin
CLAIMS CORNER
Mortgages
Omitted Mortgagor - Whoever Owns Property Must Unconditionally Execute the Mortgage — ATG agents are responsible for examining mortgages to make sure they are insurable... read more
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WHAT'S NEW | Member, CLE, Process, and Trust Services
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