Law Offices of James Lowry

Law Offices of James Lowry The law offices of James Lowry focuses on real estate transactions, foreclosure defense, tax and estate planning, and commercial and civil litigation.

My client closed the second leg of a 1031 like kind exchange today on 10-31. No trick here! The sweet treat was saving...
11/01/2022

My client closed the second leg of a 1031 like kind exchange today on 10-31. No trick here! The sweet treat was saving thousands on capital gains taxes!

05/12/2022

Incorporation and the Chicago Residential Landlord Tenant Ordinance (RLTO). I recently started representing a couple who was leasing a condominium to a law student who is now an attorney. I was retained because she is suing the landlord under the RLTO claiming they did not provide proper documentation of things like security deposits, minimal code violations of the association, and a failure to disclose contact information for the condominium management company. What is worse is this tenant, now an attorney, is doing this clearly for a money grab. The attorneys' fees exceed the amount of the damages claimed in the suit, which my clients may be individually liable for. Potential cost of suit could exceed $50k. PLEASE talk to an attorney such as myself before leasing anything! My clients could have sheltered themselves by doing a few things years ago that my cut into their small "Mom & Pop" enterprise. These include: putting the unit into an LLC or trust, being more diligent about "dotting Is and crossing Ts", and having disclosure acknowledgments drafted and signed. If you or anyone you know is leasing anywhere in the Chicagoland area, then please have them plan ahead by calling an attorney ahead of time to properly plan ahead for these potential money grabs. A small upfront expense can save a lot of money down the line in the future!

With the baby boomers getting up there in age proper planning is a must. Contact me if you think you or your loved ones...
04/21/2022

With the baby boomers getting up there in age proper planning is a must. Contact me if you think you or your loved ones may need a will, estate plan or you have any other estate planning questions. Some of my clients in their 30's have the peace of mind knowing that everything is taken care of should a tragedy strike. Proper planning can aid in reduced frustration and expense during emotionally hard times.

04/02/2020

During these trying times we are still tending to your legal needs. We may not meet in person, but we are still available via phone, email and virtual handshake! We look forward to your business and answering your legal questions during this time.

11/07/2018

Yesterday was a red letter day for the Law Offices of JWL. We dismissed a foreclosure proceeding on a 2-619 (affirmative matter) motion. The Judge agreed our client was a bona fide purchaser for value (BFP) after the first lienholder released its lien. Plaintiff then attempted to rescind the release and file a separate foreclosure proceeding attempting to strip our client of its property rights. The Judge agreed our client had superior rights in the property and dismissed the case. We will likely also be recovering attorney's fees under the prevailing party statute of the Illinois Mortgage Foreclosure Law (IMFL).

Address

454 E. Northwest Highway
Des Plaines, IL
60016

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+13124459450

Website

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