“Can ‘Underwater’ Residential Real Estate Be Conveyed Free and Clear of All Liens?”
The September 13, 2017 meeting of the Illinois Real Estate Lawyers Association featured Charles T. Newland, of Charles T. Newland & Associates. Chuck is a litigator with extensive experience in mortgage foreclosure defense and probate administration. He discussed what options exist to convey “underwater” real estate in probate when there is a mortgage foreclosure pending.
This issues if interest even to those who do not practice in the area of mortgage foreclosure defense.
In light of the decision of the Second District in In Re Estate of LaPlume, 2014 IL App (2d) 130945, 24 N.E.3d 792, does a probate court have the discretion under Probate Act Section 20-6 to order the conveyance of “underwater” residential real estate free and clear of all liens?
Attendees learned about this important issue.
IRELA President Ralph J. Schumann also provided updates on current issues affecting your practice, including the status of IDFPR prosecutions of Illinois attorneys for “unauthorized practice of appraisal”, changes at the CFPB, and current legislation and litigation.
Where: Belvedere Events and Banquets
1170 W. Devon, Elk Grove Village, IL | 847.534.0600
When: Wednesday, September 13, 2017 at 8:00 a.m.
One hour of MCLE credit is available for this CLE seminar for IRELA members in good standing. Plan to attend this meeting.
For more information, call 312.600.7720, or email to firstname.lastname@example.org.
P.O. Box 4956
Oak Brook, IL 60522-4956
Telephone: (312) 600-7720
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