Codilis & Associates - Blogger
Illinois Mortgage Service Provider Codilis and Associates
Friday, October 30, 2020
High Court Decides Nursing Home Operator Not Liable for Back Pay
Wednesday, October 21, 2020
LAP Provides Support Group Meetings for Area Lawyers
Codilis & Associates, located in Burr Ridge, Illinois, was established over 40 years ago, and founder Ernest J. Codilis still manages the family firm that focuses on foreclosure, bankruptcy, and real estate-related transactions. Today, Codilis and Associates is a long-standing member of the Illinois legal community, involved with such organizations as the DuPage County Bar Association (DCBA).
Tuesday, September 1, 2020
An Introduction to Attorneys' Title Guaranty Fund
Friday, August 7, 2020
PILI Receives Grant to Assist Under-Served Illinois Residents
With offices around the country, Codilis & Associates provides real estate legal services specifically related to foreclosures, titles, and transaction support. Codilis and Associates is a member of the Illinois State Bar Association (ISBA), which advocates for lawyers in the state and promotes the administration of justice.
Recently, the ISBA reported that the Public Interest Law Initiative (PILI), which provides assistance to veterans and their families, those qualifying for legal aid, and those who live in rural or remote areas, received an American Bar Endowment grant. The grant will pay for technology that will assist the organization in building a more efficient infrastructure while allowing it to increase caseload management.
When completed, this one-stop system will allow PILI to effectively serve clients while checking itself against conflicts. Moreover, it will track trends, making it easier for the organization to demonstrate its positive impact. The grant comes at a time when PILI’s caseload has exploded from 400 to 800 as a result of program and geographic expansion.
Thursday, June 18, 2020
Tips for Purchasing Foreclosed Properties
Codilis and Associates is a law firm based in Burr Ridge, Illinois, with affiliates operating in five states that offers broad legal services with a focus on foreclosure, bankruptcy, and closing services. Led by Ernest Codilis, Codilis & Associates has extensive experience in foreclosed properties and REO title closings. When buying foreclosed properties, there are a few things that should be kept in mind.
1. It’s best to work with accredited agents rather than engage directly in the purchase of foreclosed property. This is especially true for inexperienced buyers and will ensure a smooth buying process.
2. Knowing the purchase process is crucial. Buyers who are engaging with banks or private lenders should know how to navigate the undertaking, including understanding the seller’s terms, the documentation needed, and the auction process.
3. Financing options and the benefits and drawbacks of each should be clear. Mortgages transfer the title directly to the buyer. However, contracts to sell provide more flexibility.
4. Having a pre-approved home loan or available cash on hand shows the seller that buyers are serious and ready to make a transaction.
Monday, April 22, 2019
Food Insecurity in Illinois by the Numbers
Food Insecurity is defined as a lack of reliable access to a varied and nutritionally sufficient diet. Many households experience food insecurity periodically, such as in times of unemployment or periods when utility bills are higher than normal. In Illinois in 2018, one of out of every 10 households was food insecure.
Some of the groups most highly-impacted by food insecurity include children, individuals with disabilities, and families living at or below the poverty line. In addition to ensuring access to the Supplemental Nutrition Assistance Program (SNAP) for 200,000 residents, Illinois has passed several laws and initiatives to increase food bank funding and extend food assistance program coverage to all in-need students from the elementary to university level.
Thursday, January 31, 2019
Phi Alpha Delta Awards Scholarships for Summer Legal Studies Program
Codilis & Associates, PC, is a Burr Ridge, Illinois-based legal practice with extensive experience in real estate and mortgage lending law. Active participants in the legal professional community, many Codilis and Associates attorneys are members of Phi Alpha Delta (PAD), an international law fraternity.
Each summer, PAD helps to organize a Legal Studies Institute (LSI) that is co-sponsored by The Fund for American Studies and the Antonin Scalia Law School at George Mason University. An eight-week intensive program, LSI gives law students hands-on experience in constitutional interpretation and introduces them to protections related to free enterprise through classes, legal internships, career development and networking sessions, and a lecture series that includes experts such as constitutional scholars, judges, and practicing attorneys.
Members of PAD who wish to participate in LSI are eligible to receive a $1,000 scholarship to cover the costs of the program if they meet basic application requirements. Past LSI participants have interned at organizations such as the American Bar Association and the Federal Trade Commission.