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Remote Closings in Illinois – Can Real Estate be Contactless?

Remote Closings in Illinois – Can Real Estate be Contactless?

by JAbdilla | May 13, 2020 | Coronavirus, Multi-Board 7.1, Real Estate, Transactional

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...
What can I buy with my FICO score after COVID?

What can I buy with my FICO score after COVID?

by JAbdilla | May 4, 2020 | Coronavirus, Investment, Multi-Board 7.1, Real Estate, Rental, Transactional

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,...
Fair Housing during the COVID-19 Pandemic

Fair Housing during the COVID-19 Pandemic

by JAbdilla | Apr 29, 2020 | Coronavirus, Litigation, Rental

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...
The Best Time to Buy a House?? Why COVID-19 Corrected the Seller Market in Chicago.

The Best Time to Buy a House?? Why COVID-19 Corrected the Seller Market in Chicago.

by JAbdilla | Apr 22, 2020 | Coronavirus, Investment, Real Estate, Rental, Transactional

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...
Chicago Gardening Laws – Make Your Yard Beautiful in 2020

Chicago Gardening Laws – Make Your Yard Beautiful in 2020

by JAbdilla | Apr 15, 2020 | Coronavirus, Real Estate

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...
The Community Recovery Initiative – Chicago’s COVID19 Program (Revised May 5, 2020)

The Community Recovery Initiative – Chicago’s COVID19 Program (Revised May 5, 2020)

by JAbdilla | Apr 7, 2020 | Coronavirus

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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