Last week, my entire LinkedIn was buzzing about how to do a “contactless closing.” For many real estate closing attorneys, remote closings represent our best chance of staying normal in our markets. But, many Realtors are still confused about how to do...
In April 2020, JP Morgan Chase announced that it would require all new loans to have a 700 FICO score and place 20% down at the time of closing. Soon after, other major lenders like United Wholesale Mortgage and even Fannie Mae followed suit! This time last year,...
On April 22, 2020, the Federal Housing administration updated its guidelines on fair housing. While the language of the rules stayed the same, FHA added a new protected class. This class includes all individuals discriminated against “associated with...
It’s the end of April 2020. We are all locked down, in quarantine, and most of us are unable to go to work. Every day at 3:00 pm, the governor has a press conference to tell us how the crisis is evolving. At 4:00 pm we then hear from the national task force that...
As I write this article on Chicago gardening laws, I can’t help but wish I were outside. I am currently sitting in Detroit Michigan, under a quarantine that prohibits gardening. So, I keep thinking, “Well, if I could be working outside right now, what...
As part of our continuing coverage on COVID-19, we wanted to let you know about the COVID-19 Community Recovery Initiative. On April 6, 2020, Cook County’s Bureau of Economic Development launched The Community Recovery Fund. This fund is a part of the Community...
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