This product will contain content from the plenary and Room B breakout sessions that were recorded at the live on-site course on March 13 & 14, 2012.

Featured Program Topics:

Learn about the latest in practice guidance and developments in substantive law, including:

• The latest on the new Illinois Residential Real Property Transfer on Death Instrument (TODI) Act and its policy, practice, and effectiveness.
• Entire breakout session track devoted to in-depth title insurance issues.
• New developments in short sales.
• Foreclosure.
• Ethical dilemmas specific to real estate practitioners – unbundling, due diligence, the roles of the attorney/title agent and underwriter at closing, and more.
• Update on the Illinois Power of Attorney Act, TODI, civil unions, and escrow accounts

Program Moderator: William J. Anaya, Arnstein & Lehr LLP, Chicago

Program Sessions:

Real Estate Update — Statutory and Case Law

Joseph R. Fortunato Jr., Momkus McCluskey LLC, Lisle

New and Unusual Documents in a Real Estate Transaction

Transfer on Death Instrument Act (TODI), Civil Unions, Dissolution of Marriage, Power of Attorney Forms

Ralph J. Schumann, Law Offices of Ralph J. Schumann, Schaumburg

Attorney Roles, Risks & Responsibilities

Client Funds, Trust/Escrow Accounts, Rule 1.15, Lawyers as Title Agents, Entities Owned by Attorneys as Registered Title Agents

James J. Grogan, Deputy Administrator and Chief Counsel, Attorney Registration &  Disciplinary Commission of the Supreme Court of Illinois, Chicago

Jerry T. Gorman, Attorneys’ Title Guaranty Fund, Inc., Champaign

Distressed Real Estate

This session will deal with real estate in financial distress.  The advantages and disadvantages of the various methods of loss mitigation will be discussed as well as recent trends and developments. Practical practice tips will be included along with a discussion of how mortgage servicers are compensated and why that has an effect on the preference for one method of loss mitigation over another.

Dennis R. Bordyn, Attorney at Law, Downers Grove

Title Insurance Part 3: The Attorney/Title Agent and the ITIA, RPC and the Agency Contract

The Relationship between the Attorney/Title Agent and the Title Insurance Company: The Terms of the Agency Contract

Michael J. Rooney, Attorney at Law, St. Charles

Scams Perpetrated on Attorneys, Compliance with Himmel

Thomas W.  Dillon, Konicek & Dillon, P.C., Geneva

Real Estate Litigation – Update

Specific Performance, Rescission, Attorney Approval, Damages, Ready Willing and Able To Close, Interpleader, What Every Lawyer Must Know To Represent a Client at Closing

Samuel H. Levine, Arnstein & Lehr LLP, Chicago

Daniel I. Schlade, Arnstein & Lehr LLP, Chicago

The Role of the Attorney Representing the Seller, Buyer, or Lender

The Interplay between Engagement Letters, Transaction Checklists, and Communication with the Client about How to Handle Unresolved Risk

Thomas J.  Anselmo, Freedman Anselmo Lindberg LLC, Naperville

David R. Schlueter, Law Offices of David R. Schlueter Ltd, Itasca

What Every Divorce Attorney Needs to Know About Real Estate and What Every Real Estate Attorney Needs to Know About Divorce: Creative Solutions for Closing

Richard F. Bales, Chicago Title Insurance Co., Chicago

Real Attorney Risks & Responsibilities the Sequel

What Diligence Is “Due” When The Attorney/Title Agent Purchases A Search Package? The Proper Role of the Attorney/Title Agent And The Underwriter at the Closing Table, Ethical Considerations, “Unbundling” Legal Services – Unintended Consequences?

William J. Anaya, Arnstein & Lehr LLP, Chicago

Michael J. Rooney, Attorney at Law, St. Charles

Ralph J. Schumann, Law Offices of Ralph J. Schumann, Schaumburg

Stuart H. Wolf, Attorney at Law, Arlington Heights