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  Whenever a homeowner or condominium association is formed by a developer, it is established by virtue of a Declaration which is recorded with the County Recorder. That Declaration includes a schedule of all of the Units in the association and their corollary ownership percentage. These percentages are the common element ownership percentages allocated to […]

In Illinois, one of the seminal cases regarding the implementation of leasing restrictions is Apple II Condominium Association v. Worth Bank & Trust Co. In that case, the court held that associations may prohibit leasing by either Board action or ownership approval, depending on the terms of their Declaration.

A contractor who doesn’t get paid for doing work on someone’s home or real estate property has a useful method of enforcing his or her collection rights – the filing and prosecuting of a mechanics lien against that real estate property.  Mechanics liens are products of state law and, in Illinois, are authorized and governed […]

The recently-enacted tax law changes are substantial, and are already greatly affecting all areas of industry, real estate included.

Whether foreign citizens are buying and selling pied-a-terres, vacation or second, even third homes here in the States, they are, quite clearly, a highly valuable target segment in the luxury home market.

To the unfamiliar, a Chapter 13 plan is a cumbersome document that could negatively impact one's rights. A Chapter 13 plan must treat all of a debtor's creditors, both secured and unsecured. Treatment, however, does not necessarily mean full payment.

Some commission structures are simple and straightforward. Others, such as continuing commissions on a commercial lease, can be more complicated. But one thing they all have in common – they must be properly written and executed in order to be enforceable.

Real estate investors and developers are often well versed in assessing properties, analyzing cap rates, zoning issues, property tax concerns and other matters related to real estate due diligence. Yet they often overlook, or give little importance to, the structure of their business and the framework they establish for the ownership of the properties they […]

James Erwin successfully procured repayment of a loan of over $340,000 from an out-of-state borrower that was years in default and had been ignoring the lender’s demands. With a strategic approach aligned with our client’s objectives, Erwin Law avoided litigation while still getting the debtor to repay the entire loan.

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Congratulations to our client, BEx LLC, a leading developer of FX trading solutions, on its successful collaboration with Northern Trust.  We’re pleased to have been a part of the legal team that worked to bring this major business advancement deal to fruition. We invite you to contact Erwin Law to discuss how we can help grow your company. Read […]

about funding major improvements for a condominium association.

Chicagoland Cooperator article featuring James Erwin of Erwin Law LLC