Important New Restrictions for Suburban Landlords

Posted by & filed under Erwin News.

Suburban Landlor restrictions

The new “Cook County Residential Tenant and Landlord Ordinance” creates hidden pitfalls that all existing landlords, as well as purchasers of multi-units in Cook County (except for Chicago, Evanston and other municipalities with home-rule landlord tenant ordinances), would do well to learn and avoid.

What is an Executor … And Why Do I Need One?

Posted by & filed under #ErwinLawAnswers.

What's an executor...and why do I need one?

An Executor is an individual selected by you in your Will to administer and settle your estate. The role of the Executor is a crucial one in the probate process, and, therefore, it is vastly important that you established one in your Will. When selecting your Executor, be sure it’s someone you trust – perhaps… Read more »

Eviction Moratorium Update

Posted by & filed under Erwin News.

Governor Pritzker has again extended the eviction moratorium in Illinois through April 3, 2021. As has been the case over the past few months, Illinois landlords can only initiate the eviction process if: (1) a tenant poses a “direct threat to the health and safety of other tenants or is an immediate and severe risk to the Property” or (2) the tenant is not a “Covered Person” as defined under Governor Pritzker’s Executive Order. 

What Should I Know About Earnest Money?

Posted by & filed under #ErwinLawAnswers.

What do I need to know about Earnest money?

  If it looks like your client is headed toward litigation over earnest money from a failed deal, understanding the principles of earnest money litigation is key to obtaining the best outcome. When it comes to earnest money, there are two major common misconceptions. Some people think that, if one party defaults, the other party… Read more »

Another big win!

Posted by & filed under Erwin News.

Erwin Law, led by senior litigation partner Dan Hawkins, prevailed in a hard fought matter in Cook County’s Law Division. A creditor, represented by a large, well respected Chicago firm. sought a personal judgment against our clients. The creditor had credit bid the full amount of its judgment at a judicial sale, which should have… Read more »

How will the New Eviction Ordinances Affect You?

Posted by & filed under #ErwinLawAnswers.

While at a standstill, evictions in Chicago have become overwhelmingly complicated. And with these new ordinances and, presumably, more changes ahead, it is essential to stay focused and informed. For more than 25 years, Erwin Law has been helping landlords stay up to date, avoid costly mistakes, delays and penalties, and protect their investments. For thoughtful guidance and counsel during these tumultuous times, call us at 773-525-0153.

What’s the difference between Wills and Trusts?

Posted by & filed under #ErwinLawAnswers.

  Planning how best to disburse your assets and responsibilities upon your passing can be complicated. With myriad government rules, regulations and nuances, it’s helpful to understand the basics before you begin. Upon death, all your rights and obligations instantly transfer to a legal entity referred to as an ‘Estate.’ Estate Planning, then, involves deciding… Read more »

Is Mortgage Forbearance A Good Option For Me?

Posted by & filed under #ErwinLawAnswers.

  Post-Shelter-In-Place: A Primer For Landlords – Part 4 in a Four-Part Series The ill-effects of the Coronavirus pandemic and subsequent Shelter-in-Place orders are becoming more and more apparent as they continue to trickle further down through our economy. Tenants unable to pay their rent are creating financial hardships for landlords working to pay their… Read more »