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Mortgage Lenders Alert: Mortgagee Treated as Unsecured Creditor
2012 Is the Year To Make Gifts
Raising Capital For Small Companies May Become Easier
Jurors Will Soon Be Able To Ask Questions of Witnesses
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Mortgage Lenders Alert: Mortgagee Treated as Unsecured Creditor by David Schoenherr
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Every lender in Illinois should review its current mortgage forms to ensure that all the statutorily required information is expressly included. If a previously recorded mortgage does not include all of this required information, lenders should attempt to obtain and record an amendment to the mortgage and be sure to include the required information in any forbearance agreements or other loan amendments or modifications.
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Tremendous opportunities exist in 2012 to maximize the use of gift tax and estate tax exemptions. Exemptions are at historically high levels—$5,120,000—yet scheduled to plummet to $1,000,000 in 2013.
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On April 5, 2012, President Obama signed the Jumpstart Our Business Startups Act (“JOBS”). JOBS makes wide ranging changes to the securities laws and rules governing raising capital through securities offerings.
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Under a new Illinois Supreme Court Rule set to take effect July 1, 2012, jurors with the approval of the Judge will be able to submit questions to witnesses in civil cases.
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more news...
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Richard Cowen
rcowen@stahlcowen.com
(312) 377-7865
This e-newsletter is prepared by Stahl Cowen Crowley Addis LLC to provide information on current legal topics and the attorneys at Stahl Cowen. This publication is not intended to, and does not, provide legal advice or legal services of any kind, nor does your receipt of this e-newsletter create an attorney-client relationship between you and Stahl Cowen, either express or implied. We would, of course, be pleased to speak with you to determine if forming a professional relationship would be appropriate and mutually beneficial. Please feel free to call us at 312-641-0060 or email us at info@stahlcowen.com. You may also learn more about our firm and its attorneys at www.stahlcowen.com.
© 2010,2012 Stahl Cowen Crowley Addis LLC, all rights reserved. Permission is granted to copy and forward all articles and text as long as proper attribution to Stahl Cowen Crowley Addis LLC is provided.
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