Join us in Lombard on May 13, 2016 for a comprehensive look at how to handle complicated lien priority and construction escrow matters involving new construction with this informative full-day seminar that uses a fact pattern scenario (based on an actual case) as the backdrop for each presentation! Real estate attorneys, construction law practitioners, and lawyers working in the commercial banking/collections/bankruptcy areas who attend this seminar will better understand: the issues and concerns that can arise with the original development contracts and general real estate purchase contracts; the requirements involved in financing a construction project; the red flags to look for in construction, escrow procedures and disbursements, and related title insurance matters; how mechanics’ liens affect the developer, builder, lender, real estate purchaser, and subcontractor; how mechanics’ lien foreclosure and builder’s bankruptcy impacts a construction project; and changes in the law that substantially affect construction-related issues. The seminar is presented by the ISBA Real Estate Law Section and co-sponsored by the ISBA Construction Law Section and ISBA Commercial Banking, Collections, and Bankruptcy Section. It qualifies for 6.25 hours MCLE credit.

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