About The Event
You know the moment. The seller stops answering. The mortgage payments are behind. Then the mailbox fills up and suddenly the case has a life of its own.
Foreclosure is not just a legal process. It is a timeline that can quietly cut you out of your own deal if you do not step in early and with the right plan.
In this CE certified training, real estate attorney Mahmoud Faisal Elkhatib, The Bow Tie Attorney, walks brokers through what actually happens in an Illinois foreclosure, the red flags that show up before the crisis becomes public, and the broker moves that keep you in control while staying fully legal and ethical.
Hosted at Century 21 Impact in Chicago. Free to attend, registration required.
This is for brokers who want a clear playbook for distressed listings, not vague advice and not last minute panic.
Why foreclosure cases steal commissions
Most commissions are lost long before the sale date. They are lost when the case moves forward and nobody on your side is managing the timeline, the notices, and the lender pressure.
If you have ever had a seller say, “It is fine, I will figure it out,” and then two weeks later you are staring at a Lis Pendens, this section is for you.
Foreclosure does not wait for your contract, your marketing plan, or your client’s optimism. It moves when the court and the lender move.
You will learn how to spot the turning points that matter, when to escalate, and how to avoid the common broker mistakes that turn a workable situation into an impossible one.
How Illinois foreclosure moves in real life
This is a plain spoken walkthrough of the Illinois judicial foreclosure process, what notices and filings typically look like, and why timing changes everything.
You will leave with a simple mental map: what is happening now, what likely happens next, and what choices disappear if you wait too long.
The broker playbook for distressed listings
You will get five red flags, five moves, and a decision path you can actually use on a real listing.
We break down what to do first, how to gather the right information quickly, how to communicate with a stressed seller without losing trust, and how to coordinate with legal support so you are not improvising when the stakes are highest.
Partnering with legal to delay foreclosure and still close
The fastest way to lose momentum is to treat legal like a last resort. The better approach is to collaborate early so you can buy time, negotiate smarter, and keep the transaction alive.
You will learn what to hand off, how to frame the situation, and how to keep your role clean while the legal team does theirs.
Presented by Mahmoud Faisal Elkhatib, real estate attorney, general counsel, and educator. Hosted by Century 21 Impact. Follow @evhaslaw. Email: closings@evlawgroup.com
If you work with short sales, distressed sellers, or listings where the bank is already applying pressure, this session is designed for you.
Location
Century 21 Impact, 1500 E 63rd St, Chicago, IL 60637
Reserve your spot and show up ready to use it
Monday, March 9, 1:00 PM to 2:30 PM at Century 21 Impact, 1500 E 63rd St, Chicago, IL 60637.Bring one current situation you are stuck on, even if it is just a rough summary. You will leave with a clearer next step and a safer strategy for protecting your commission.
Frequently asked questions
Quick answers so you know exactly what you are walking into.
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