Remote Closings in Illinois – Can Real Estate be Contactless?

stay home design for covid19 contactless closings with floorplan

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, Illinois has non-conforming electronic transactions laws. How do we do it? Is there help for doing remote closing in Illinois? What can we do during the COVID era?

What is Mortgage Deferral?

mortgage spelled with scrabble tiles on wood

For many landlords, the hot topic around the country is the idea of mortgage deferral. While tenants are concerned with a rent freeze or rent forgiveness, property owners have occupied themselves with avoiding foreclosure. In the USA, 62% of homeowners have a mortgage, and the median payment is $1,100. For most of us, the $1,200 […]