Blog
In recent years, Chicago has gotten a reputation as an extremely tenant friendly city. Now, in Chicago and all of Illinois, even more tenant-friendly laws have recently been enacted that cut off the owner's right, be it a bank or private owner, to evict or forcibly remove tenants at foreclosed properties, except in very limited circumstances.
Rudolph Kaplan is pleased to announce that Benjamin Altshul has recently joined the firm as an Associate Attorney. Although newly licensed as an attorney, Benjamin has been a law clerk with the firm since 2011. Benjamin has worked closely with both David and Seth on several commercial real estate acquisitions and dispositions and advising both condominium associations and unit owners regarding assessment collection and enforcement of covenants in governing documents.
The recent case Cohen v. American Security Insurance Company, No. 11-3422, 2013 WL 5890642 (7th Cir. Nov. 4, 2013) explains why your mortgage lender forces you to sign and acknowledge the hazard insurance provision at least three separate times at the closing table.If you bought or refinanced your home on more than one occasion, you may recall being required to repeatedly sign the hazard insurance disclosure in your loan documents.
