Receiving foreclosure papers can be a frightening and overwhelming experience for any homeowner. However, remember that being served with foreclosure papers does not mean you will automatically lose your home. Understanding the process and taking the right steps can protect your rights and potentially save your home. An Illinois lawyer can guide you through what to do in this challenging situation.
Do Not Ignore the Foreclosure Papers
The worst thing you can do when served with foreclosure papers is to ignore them. In Illinois, you have 30 days from the date of service to respond to the complaint. Failure to
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Preparing Your Estate for Unexpected Health Crises
One of the most beneficial things you can do for your estate is to make sure it is ready for any unforeseen health emergency. Proactive estate planning ensures that your preferences are honored and your family is supported in challenging times. An Illinois lawyer can help you with the essential components of estate planning and offer guidance on preparing for unforeseen events.
Make Your Wishes Known to Your Advance Directives
One of the most important aspects of estate planning is creating advance directives. Illinois has two main types of advance directives: a healthcare power of attorney and a living will.
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Jeremy Baker Featured on the “Building Scale” Podcast
We are thrilled to announce that Jeremy Baker, founder of Baker Law Group, recently appeared as a guest on the “Building Scale” podcast. In this insightful episode, Jeremy delves into the intricacies of contract negotiation, risk allocation, and the importance of interpersonal skills within the Architecture, Engineering, and Construction (AEC) industry.
Jeremy’s extensive experience with international projects provides a unique perspective on common pitfalls in AEC contracts and the crucial role of specialized attorneys. He also discusses effective dispute-resolution strategies and the pivotal role of mediators in resolving conflicts.
“Building Scale” is a podcast dedicated to exploring how successful
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Navigating the Foreclosure Process in Illinois
The foreclosure process can be confusing and overwhelming for homeowners facing financial hardship. An Illinois attorney focused on real estate and foreclosure law can provide some guidance on the steps in the foreclosure process and your options as a homeowner.
Understanding the Foreclosure Timeline
The foreclosure timeline lays out the sequence of events from initial default on your mortgage through to a foreclosure auction of your home. This process is governed by Illinois law and real estate regulations. Some important milestones are the following:
- Notice of default: The first step after you miss payments. The lender sends you written notice
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Update to the Illinois Corporate Transparency Act: Do Condos and HOAs Have to Comply?
As previously reported, new reporting requirements under the Corporate Transparency Act (“CTA”) went into effect in January 2024. These changes require certain corporate entities (including condominium and homeowner associations) to provide personal details of the individuals who exercise control over the company (i.e. members of the board of directors). In response to these new requirements, the National Small Business Association filed a lawsuit against the U.S. Treasury Department contending that these new reporting requirements are unconstitutional because they infringe on protected rights of state sovereignty, privacy and due process.
On March 1, 2024, U.S. District Judge Liles C. Burke
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Tressler Talks: Important Nuances in HOA Collections, Foreclosures and Bankruptcies
We are pleased to invite you to our upcoming virtual Tressler Talk:Tressler Talks: Important Nuances in HOA Collections, Foreclosures and BankruptciesTuesday, March 5, 20242:00pm-3:00pm CT WebinarJoin Tressler’s experienced attorneys for this complimentary Illinois HOA board and property management training. Get ready for some cringe-worthy true stories from our popular presenters! Attendees will come away with a deeper understanding of the complex relationships between Illinois law, the board’s fiduciary obligation and the community manager’s role in the legal process. 1.0 Hour of CAMICB Credit is currently pending.
Register Now: cvent.me/xP7Xzq
View Event Website: cvent.me/EPqK98
Meet Our Speakers:
Kathryn FormellerPartner
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Strategies for Thriving in the Real Estate Market and Tips for Success
Did you tune in to “The HomeBuyer’s Hour” radio show? Whether you’re a seasoned investor or a first-time homebuyer, the insights shared by legal expert Patrick Loftus and mortgage guru Joey Matthews are invaluable for navigating the ever-evolving real estate market. Let’s delve into some key takeaways and equip you with strategies to thrive in this dynamic environment.
Pre-Approval: Your Competitive Edge
As Joey emphasizes, securing a pre-approval is no longer a suggestion, it’s a necessity. In a market with limited inventory and fierce competition, having your financing lined up demonstrates seriousness and strengthens your offer. Remember, pre-approval doesn’t lock
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Strategies for Thriving in Today’s Dynamic Market: Key Tips for Success | The HomeBuyer’s Hour
The recent episode of “The HomeBuyer’s Hour” tackled several crucial topics for buyers navigating the current market. From rising interest rates to the complexities of co-ownership, Charlie Bal Fontaine, Patrick Loftus, and Joey Matthews offered insightful advice and essential considerations. Let’s explore the key takeaways:
Act Now: Rates Are on the Rise
Joey emphasizes the urgency for potential buyers to secure their dream home. With interest rates steadily climbing and a limited inventory, procrastination can lead to missed opportunities. Don’t wait for the perfect moment – act now and capitalize on the still-favorable borrowing climate.
Beyond Single-Family: Exploring Multi-Family Investments
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A Guide to Successful Real Estate Investing Strategies | The HomeBuyer’s Hour
Investing in real estate can be a powerful wealth-building tool, but navigating the process requires knowledge and strategy. In the latest episode of “The HomeBuyer’s Hour” on WCPT AM820, host Fontaine brought together seasoned experts Luminita Isas (real estate investor and developer), Patrick Gles (real estate attorney), and Joey Matthews (VA loan expert) to demystify the world of investing, specifically focusing on opportunities for veterans through VA loans. Let’s unpack the key takeaways:
Numbers & Cash Flow: Your Investment Compass
Luminita emphasizes the importance of crunching the numbers before diving in. The goal is to find a property where 75%
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Building Connections of Relationships in the Real Estate Industry | The HomeBuyer’s Hour
Navigating the real estate market requires trust, transparency, and accurate information. In the latest episode of “The HomeBuyer’s Hour,” Dennis Hike (mortgage educator), Patrick Loftus (real estate attorney), and Joey Matthews (VA loan expert) shed light on crucial topics like VA loan requirements, current interest rates, and the importance of creditworthiness. Let’s unpack the key insights:
Trust & Accuracy: The Foundation of Success
The episode opens with a strong emphasis on building trust with clients through truth and accuracy. This ensures smooth transactions, informed decisions, and ultimately, satisfied clients.
Engaging Communication in the Digital Age
Dennis uses a fun challenge
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What’s Blooming in the Market for Buyers and Sellers | The HomeBuyer’s Hour
Feeling overwhelmed by the housing market? You’re not alone! But fret no more, because “The HomeBuyer’s Hour” is here to guide you through the ins and outs. This show isn’t just about endless real estate chatter – it’s about empowering you to make informed decisions every step of the way.
Knowledge is Power: Educational Focus & Expert Guidance
The show is bringing in real estate agents monthly to delve into topics like picking the right team, navigating divorce-related transactions, and even tackling chimney inspections. This educational approach ensures you’re equipped with the knowledge to confidently navigate the market, regardless of
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Real Estate Secrets: A Foreclosure Expert’s Insightful Discussion | The HomeBuyer’s Hour
The latest episode of “The HomeBuyer’s Hour” on WCPT AM820 delved into the fascinating world of foreclosures, rental property challenges, and the ever-evolving real estate market. Host Fontaine welcomed a dynamic panel of experts, including:
- Scott Newman: A real estate agent with 19 years of experience specializing in foreclosures and distressed properties.
- Patrick Loftus: A seasoned real estate lawyer with Loftus Law.
- Joey Matthews: The “VA Loan Nerd” and mortgage expert.
AI-Powered Foreclosure Insights
Scott Newman kicked off the discussion by sharing his unique approach to foreclosures. With 19 years of experience under his belt, he has carved out a niche in working
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Complex Markets, Financing, and Increasing Short and Long-Term Returns | The HomeBuyer’s Hour
Looking for insights on the latest market trends, affordable housing options, and community-driven initiatives? The recent episode of “The HomeBuyer’s Hour” offered valuable information for buyers, sellers, and those interested in supporting meaningful causes. Let’s delve into the key takeaways:
Connecting with the Show:
The episode kicks off with an invitation to join the podcast on YouTube or Facebook, ensuring wider accessibility for listeners.
Meet the Experts:
Introductions from the attorney, real estate broker, and mortgage expert in the studio provide viewers with the contact information and areas of expertise of each panelist, fostering trust and familiarity.
Market Pulse: Interest
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Don’t Be a Victim of Hidden Issues: Secure Your Home Purchase with Loftus Law
The housing market can be daunting, even for seasoned professionals. That’s why “The HomeBuyer’s Hour” on WCPT AM820 brings together experts to guide you through the complexities. In the latest episode, B Fontaine, Patrick Loftus (real estate lawyer), Steve Davis (real estate agent), and Joey (mortgage broker) tackled crucial topics like the importance of legal counsel, agent integrity, and making informed buying decisions. Let’s unpack the key takeaways:
Protect Yourself with Experienced Legal Expertise:
Patrick Loftus emphasizes the importance of partnering with a qualified real estate lawyer. Their experience safeguards you throughout the transaction, ensuring informed decisions and protection from
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