The LAW OFFICES OF RALPH J. SCHUMANN is a full-service law firm involved in residential and commercial real estate, estate planning, corporate and business law, employment discrimination matters, as well as trade secrets and general litigation.

Ralph J. Schumann graduated with honors from Chicago-Kent College of Law, and currently serves as President of the Illinois Real Estate Lawyers Association (IRELA) and as Past Chair of the ISBA Real Estate Law Section Council.

We utilize the benefits of current technology to make our practice and the delivery of our legal services more efficient and more economical. You can reach us by telephone or e-mail us at


Ralph J. Schumann, who serves as President of the Illinois Real Estate Lawyers Association ( was recently interviewed by the Illinois State Bar Assocation as part of a series of short videos. Schumann was selected to discuss issues of interest to attorneys practicing in the area of Real Estate Law, and commented on changes to Forms affecting Real Estate practitioners with the implementation of TRID (TILA / RESPA Integrated Disclosure).

ISBA Video 2015.png



CFPB Article_Slating_Are You Ready_2015-08-25 15.36.03.png










Are You Ready for the New Residential Real Estate 'Consummation' Rules?

The article, which provides a timely update concerning the new TILA-RESPA Integrated Disclosure (a/k/a "TRID" or "Know Before You Owe") rule taking effect October 3, 2015, quotes Ralph Schumann.  The new system will affect most residential real estate transactions.

The topic of TRID is currently occupying a great deal of attention. As of the first Saturday in October, dramatic changes take place in most residential real estate transactions.  New forms required by the Consumer Financial Protection Bureau (CFPB) are supplanting standard forms in most real estate transactions.  Good Faith Estimates are being supplanted by a new "Loan Estimate" form. HUD-1 Settlement Statements are being replaced in most residential real estate transactions by a new "Closing Disclosure" Form. The changes are being addressed at meetings of many bar associations, including those of the Illinois Real Estate Lawyers Association (IRELA), which Ralph Schumann serves as President. 

Things are changing. Timelines for transactions will be longer, and the transactions more complex.  The need for qualified, experienced legal representation in transactions is increased.


On a related note, Ralph Schumann, who also serves on the Drafting Committee for the Multi-Board Residential Real Estate Contract, announced that the contract has been revised to address TRID-required changes.  The new "6.1" version has been released and is now available at



Ralph Schumann, President of the Illinois Real Estate Lawyers Association (, was recently interviewed by Cook County Recorder of Deeds Karen Yarbrough on her "Housing Matters" program regarding real estate law issues. To view the program, click on the image below:

Yarbrough 20141114 Housing Matters program SMALL_20141227.jpg


Ralph Schumann, President of the Illinois Real Estate Lawyers Association (IRELA), recently presented a check from IRELA to the Lawyers Feeding Illinois program.  Pictured below are Ralph Schumann (right) and ATG Vice President and Special Counsel John O'Brien (who is also the Founder of IRELA).  For more information, call 847.273.8700.

 IRELA Check Presentation.jpg  

Ralph Schumann recently spoke at an NIU Law Review Symposium on The Mortgage Foreclosure Crisis

NIU Logo.jpgNIU Banner.jpg  as part of a panel of national speakers on the topic of "Foreclosure Defense and Alternatives: Litigation Steps, Practice Suggestions, and Recent Developments."


Bank of America image.jpg       B of A 2013 image.jpg

'We Were Told To Lie,' Say Bank Of America Employees

Recently, former employees of Bank of America admitted in sworn statements filed in a civil lawsuit pending in federal district court in Massachusetts that they were "told to lie" to homeowners, fraudulently denied loan modifications and were given bonuses, gift cards, and other incentives to intentionally push into foreclosure people who would have otherwise qualified for a HAMP or other loan modification. According to former B of A employee Erika Brown, the standard practice was to "string homeowners along with no apparent intention of providing the permanent loan modifications [promised]."  Utilizing practices well-known to attorneys attempting to assist distressed borrowers, B of A mortgage workers falsified records and were told to delay U.S. loan-assistance applications by requesting paperwork that the bank had already received, according to statements from ex-employees filed recently in federal court in Boston. The lender improperly disqualified applicants to the Home Affordable Modification Program (HAMP), according to a May 23 statement from Simone Gordon, a loss-mitigation specialist who left the company in 2012, and other employees. "We were regularly drilled that it was our job to maximize fees for the Bank by fostering and extending delay of the HAMP modification process by any means we could -- this included lying to customers", she stated (see Gordon Declaration, at p.4). For more on this topic, see the Comment at the end of the Real Estate Law Practice Area description.



RJS Photo from Unity Dinner - Cropped for web Small.jpg 


GITC CLE at Maggianos Little Italy 20140604.jpg

Ralph Schumann, President of IRELA, recently spoke recently at a Greater Illinois Title Company CLE Seminar on the New Multi-Board Residential Real Estate Contract 6.0 at Maggiano's Little Italy in Oak Brook, Illinois.

Chicago Daily Law Bulletin small header.jpg

Chicago Daily Law Bull photo and excerpt.jpg

Ralph Schumann was recently interviewed by The Chicago Daily Law Bulletin regarding recent developments affecting real estate practitioners.

ISBA Illinois Law Program recording 20130610.jpg 

Ralph Schumann, President of the Illinois Real Estate Lawyers Association (, recently participated in the recording of a CLE program for ISBA's "Illinois Law" series on Landlord-Tenant issues.  Pictured above (L to R) are former IRELA Board Member Samuel Levine, Joel Chupack, Ralph Schumann, and program moderator Marty Dolan.

Dick Kay and Schumann on air CROPPED_SmallDSCN0244.JPG

Ralph Schumann was recently interviewed by veteran political reporter Dick Kay of WCPT 92.7 FM on the housing market, short sales, and mortgage foreclosure defense basics.

Headshot Ralph Schumann was recently interviewed in his capacity as President of the Illinois Real Estate Lawyers Association for a story aired on National Public Radio's  WBEZ logo.jpg on property flipping: "Flipping Houses in a Post-Bubble World."


"Schumann provided quality legal representation on a complex problem we faced, but charged reasonable rates. I highly recommend the firm."

Mike Casadas.