Latest from LoftusLaw Blog - Page 2

In case you hadn’t heard, Tiger Woods is coming to the south side.  Sort of.  In 2016, his golf course design company, TGR Design, signed on to oversee the “restoration” of the Jackson Park and South Shore golf courses into a PGA tournament caliber course.  However, plans for the restoration released this past June received a mixed response from the public.  As a result, TGR went back to the drawing board in an attempt to appease some of the critics.
Local residents and long time patrons of the courses had a number of concerns about the plans.  First
Continue Reading Park District Releases Updated Plans For Renovation of Jackson Park and South Shore Golf Courses

In case you hadn’t heard, Tiger Woods is coming to the south side.  Sort of.  In 2016, his golf course design company, TGR Design, signed on to oversee the “restoration” of the Jackson Park and South Shore golf courses into a PGA tournament caliber course.  However, plans for the restoration released this past June received a mixed response from the public.  As a result, TGR went back to the drawing board in an attempt to appease some of the critics.
Local residents and long time patrons of the courses had a number of concerns about the plans.  First
Continue Reading Park District Releases Updated Plans For Renovation of Jackson Park and South Shore Golf Courses

LoftusLaw is decidedly for profit.  However, it is important to give back.  Not only does it feel good to give, it is just the right thing to do.  Hopefully I can inspire some giving here, by telling you a little bit about my favorite charities.
World Wildlife Fund
I like WWF, because of their support of professional wrestling… ha ha, /r/dadjokes.  Actually, my support of WWF began after a few glasses of wine and a WWF commercial starring some adorable elephants.  I was compelled by the opportunity to ‘adopt’ an elephant, although I am not sure the customer service representative
Continue Reading Spreading Some Non-Profit Love

LoftusLaw is decidedly for profit.  However, it is important to give back.  Not only does it feel good to give, it is just the right thing to do.  Hopefully I can inspire some giving here, by telling you a little bit about my favorite charities.
World Wildlife Fund
I like WWF, because of their support of professional wrestling… ha ha, /r/dadjokes.  Actually, my support of WWF began after a few glasses of wine and a WWF commercial starring some adorable elephants.  I was compelled by the opportunity to ‘adopt’ an elephant, although I am not sure the customer service representative
Continue Reading Spreading Some Non-Profit Love

At first glance, this picture does not look particularly controversial or even interesting. But if you look closely, there is something extremely important going on here. Mark Zuckerberg, CEO of Facebook, has placed a piece of tape over the webcam on his computer. It’s a remarkably low-tech solution to a fairly high tech problem, which is that hackers have figured out how to access the camera in your computer to spy on you.
The process of hacking a webcam is a bit too complicated to explain concisely here. If you are curious about the details, I recommend checking out episode
Continue Reading It Always Feels Like Somebody’s Watching Me!

At first glance, this picture does not look particularly controversial or even interesting. But if you look closely, there is something extremely important going on here. Mark Zuckerberg, CEO of Facebook, has placed a piece of tape over the webcam on his computer. It’s a remarkably low-tech solution to a fairly high tech problem, which is that hackers have figured out how to access the camera in your computer to spy on you.
The process of hacking a webcam is a bit too complicated to explain concisely here. If you are curious about the details, I recommend checking out episode
Continue Reading It Always Feels Like Somebody’s Watching Me!

Some of you know that I just got back from a short trip to see the sites in Warsaw, Poland.  Whether it is a good idea to lose and gain 7 hours in the span of 5 days is debatable, the trip was a great success.  The best part is that the whole trip cost about $1,000, including airfare.  It all starts with something called “flight hacking.”
This is not a complicated as it sounds.  There are a few tools that are easy to use, which can have you traveling the world for dirt cheap.
Scott’s Cheap Flights
The best
Continue Reading What Is Airfare Hacking?

Some of you know that I just got back from a short trip to see the sites in Warsaw, Poland.  Whether it is a good idea to lose and gain 7 hours in the span of 5 days is debatable, the trip was a great success.  The best part is that the whole trip cost about $1,000, including airfare.  It all starts with something called “flight hacking.”
This is not a complicated as it sounds.  There are a few tools that are easy to use, which can have you traveling the world for dirt cheap.
Scott’s Cheap Flights
The best
Continue Reading What Is Airfare Hacking?

Everyone should have some kind of financial plan.  For many people, this does not become clear until they get married and start a family.  Once there is more than one person to think about supporting, it becomes fairly obvious that a plan must be in place in order to avoid bad consequences for spouses and kids.
Most financial planning instruments were devised before America embraced marriage equality.  As a result, these devices and mechanisms make assumptions about families that, in many cases, no longer suit the real world.  As a result, it is a good idea to make sure that
Continue Reading Financial Planning In The Era of Marriage Equality

Everyone should have some kind of financial plan.  For many people, this does not become clear until they get married and start a family.  Once there is more than one person to think about supporting, it becomes fairly obvious that a plan must be in place in order to avoid bad consequences for spouses and kids.
Most financial planning instruments were devised before America embraced marriage equality.  As a result, these devices and mechanisms make assumptions about families that, in many cases, no longer suit the real world.  As a result, it is a good idea to make sure that
Continue Reading Financial Planning In The Era of Marriage Equality

I came across an interesting article on Yahoo about “Homebuying Myths” (click here to see the article).  The article has some interesting information, but there are some things that I think could be added to make the article more helpful.  Here is what I would add —
Myth 1 – You don’t need a 20% down payment to buy a home.
This is true.  In fact, most of my clients do not put down 20% of the purchase price when they buy a home.  FHA insured loans require only a 3.5% downpayment, and there are other loan products that require
Continue Reading 6 Myths About Homebuying — Translated

I came across an interesting article on Yahoo about “Homebuying Myths” (click here to see the article).  The article has some interesting information, but there are some things that I think could be added to make the article more helpful.  Here is what I would add —
Myth 1 – You don’t need a 20% down payment to buy a home.
This is true.  In fact, most of my clients do not put down 20% of the purchase price when they buy a home.  FHA insured loans require only a 3.5% downpayment, and there are other loan products that require
Continue Reading 6 Myths About Homebuying — Translated

This is a follow up to my post last week about some of the controversies surrounding the real estate website Zillow.  To bring yourself up to speed, click here
Welcome back to the post!  At the time of publication a lawsuit was pending against Zillow accusing the website of violating Illinois law by conducting appraisals without a license.  The Plaintiff in the lawsuit sought an injunction stopping Zillow from publishing its Zestimates in Illinois, as well as unspecified compensatory and punitive damages.
In what could be called a big win for Zillow, Judge Amy St. Eve held today that
Continue Reading Federal Judge Dismisses Lawsuit Accusing Zillow of Conducting Appraisal Without License

This is a follow up to my post last week about some of the controversies surrounding the real estate website Zillow.  To bring yourself up to speed, click here
Welcome back to the post!  At the time of publication a lawsuit was pending against Zillow accusing the website of violating Illinois law by conducting appraisals without a license.  The Plaintiff in the lawsuit sought an injunction stopping Zillow from publishing its Zestimates in Illinois, as well as unspecified compensatory and punitive damages.
In what could be called a big win for Zillow, Judge Amy St. Eve held today that
Continue Reading Federal Judge Dismisses Lawsuit Accusing Zillow of Conducting Appraisal Without License

Zillow is a real estate listing website with a twist — each listing has an estimate of the value of the real estate, which Zillow calls a “Zestimate.”  That twist has been controversial among homeowners, especially when the Zestimate is lower than expected. In April of this year, a homeowner (and lawyer) in Glenview filed suit against Zillow alleging that the Zestimate for her property is unfairly low and prevented her from selling her property for the market value.  The case has since been dismissed, but another lawsuit filed shortly after remains pending in Federal Court, and the larger
Continue Reading Is Zillow Helpful or Harmful?