Real Estate Law With Marengo-based Law Firm

Real Estate Law Q&A with Terrence McKenna from Franks Gerkin Ponitz Greeley

Terrence J. McKenna is a partner with Franks Gerkin Ponitz Greeley. He has been with FGPG, 19333 E. Grant Highway, Marengo, for 22 years and has been a lawyer for 25 years. He recently chatted about real estate law.

Question: Why focus on real estate?

Answer: I enjoy the fact that generally, practicing real estate law requires assisting parties on opposite sides of a transaction accomplish a common goal, such as the purchase and sale of a piece of property, or the lease of residential or commercial space. It is a balancing act between protecting a client’s interest and not being so overzealous as to cause a transaction to terminate.

Question: Why do I need a lawyer to close on my home or business?

Answer: There are components to all transaction that most people are unfamiliar with. As a buyer, you need an attorney to help you obtain clear title to the asset you are purchasing, and to protect you from unforeseen liabilities. As a seller, you need to provide certain documents and assurances that you are conveying clear title, and to protect yourself from potential claims.

Question: What aspects of real estate law does your firm specialize in?

Answer: All aspects, residential and commercial.

Question: What type of cases fall under real estate law?

Answer: Purchase and sale, leasing, easement conveyances, property line disputes, liens, mortgage loans, unauthorized tree removal – generally anything that affects real estate.

Jack D. Franks

Jack D. Franks, inspired by his father and the biography of Clarence Darrow, is dedicated to helping clients stand up for their rights at Franks Gerkin Ponitz Greeley. With a background in multinational and commercial litigation, Jack specializes in personal injury, complex commercial litigation, and general business law. He has also served as Chairman of the State Bank Group and was the first elected Chairman of the McHenry County Board, playing a key role in the impeachment of former Governor Blagojevich. Jack enjoys Chicago sports, hiking, and fishing in his free time.

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