KLO was founded in 2007 by attorney Michael A. Kraft, former General Counsel to mortgage bankers United Financial Mortgage Corp. and Alliance Bancorp and a practicing Illinois attorney with more than twenty years of litigation and general business counseling experience.

KLO strives to provide complete client satisfaction by blending high quality and results oriented legal services with pragmatic billing practices.

Mike and KLO provide litigation representation throughout the Chicagoland area (Cook, DuPage, Kane & Will Counties) and legal counsel to businesses nationwide in a variety of practice areas with a principal emphasis on the following:

› Mortgage Banking Litigation ‹

Including: (i) the defense of Lender Liability claims asserted by borrowers alleging fraudulent lending practices, Truth-In-Lending violations, RESPA violations and other similar statutory violations; (ii) the prosecution and defense of claims involving mortgage bankers and brokers and assertions of breach of warranty, misrepresentation, breach of contract and fraud; (iii) the prosecution and defense of loss mitigation claims relating to loan origination or loan servicing including loan repurchases, indemnity, early payoff and first payment default demands; (iv) title insurance and closing protection letter coverage claims; and (v) appraiser error and omission claims.

› Commercial/Business Litigation ‹

Including the prosecution and defense of claims on behalf of businesses of all sizes relating to contract disputes, fraud, negligence, restrictive covenants, breach of fiduciary duties, mechanics liens, wage claims, arbitrations, mediations, appeals and collections.

› State Mortgage Licensing/Regulatory Matters ‹

Including assistance with initial lending/brokering applications, foreign state corporate registrations, license renewals and ongoing administration including advising clients on compliance with state mortgage licensing laws and legal representation in administrative enforcement investigations or proceedings.

› Mortgage Banking Transactional Matters ‹

Including the review and negotiation of loan purchase agreements, repurchase agreements, servicing agreements and other related contractual matters such as attorney opinion letters, mortgage broker agreements, marketing services agreements, forbearance and loan indemnification contracts and other loss mitigation documentation.

› Contract Drafting & Negotiation ‹

Including the negotiation and/or review of office leases and sub-leases.

› Labor & Employment Matters ‹

Including the creation and review of employment agreements, consulting agreements, independent contractor agreements, separation agreements, company policies and procedures, non-compete/non-solicitation agreements, EEOC matters, wage claims and garnishments.

› Corporate & Business Law ‹

Including counsel on day-to-day business matters and general corporate governance including preparation of corporate resolutions and certificates of incumbency.

› Special Projects ‹

Including temporary assignments to assist in-house legal departments better manage unanticipated fluctuations in workload or litigation case management.

If you would like to learn more about Mike we invite you to review the other pages on this site including Mike’s Professional Background, Representative Client Engagements & Representative Reported Cases.

To discuss representation by KLO, you may contact Mike directly at 630-505-4119 or email him through the link provided.

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