Real Estate

Cook County Judges Rule Illinois Appraiser License Act Only Applied to Federally Related Transactions

For the second time in a year, different judges in the Circuit Court of Cook County have found that the IDFPR over reached and did not have the authority to prosecute a real estate appraiser on a matter involving a non-Federally Related Transaction (“FRT”) prior to January 1, 2015. Neither case determined whether the IDFPR…

Condo Deconversions: Proceed With Caution

Written by Allie Haling, Charles Franklin, and Craig Capilla There is a growing trend in the Chicagoland real estate market and other urban areas in Illinois where developers and investors are looking to deconvert condominium projects into rental apartments. This deconversion process is governed by Section 15 of the Illinois Condominium Property Act (the “Act”)…

Zillow “Zestimate” Class Action Lawsuit Dismissed with Prejudice by Federal Judge

On May 7, 2018, United States District Court Judge Amy J. St. Eve dismissed a class action lawsuit against Zillow, Inc. for a second time. In the suit, a group of Chicago-area homeowners alleged that Zillow was engaged in illegal practices because the estimates – “Zestimates” – Zillow posts with for-sale listings essentially act like…

Franklin Law Group attorney Craig Capilla has been named to the 2018 Illinois Rising Stars list.

Franklin Law Group attorney Craig Capilla has been named to the 2018 Illinois Rising Stars list. Super Lawyers®, a Thomson Reuters business, is a rating service that recognizes outstanding lawyers who have gained a high degree of peer recognition and professional achievement. The annual, statewide selections are made using a multi-phased process that includes independent…

Changes To The Illinois Condominium Property Act

Written by: Julie Chatz Lerman Legislation set to take effect on January 1, 2018 imposes new obligations on condominium associations in Illinois. The law amends both the Illinois Condominium Property Act (the “Condo Act”) and the Common Interest Community Association Act. For the purposes of this article, the focus is on the changes to the…
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