How Hiring an Attorney Can Save You Big on Closing Costs
The process of buying a house can be daunting. Beyond the emotional roller coaster of showings and offers, you must somehow walk the line between not getting attached and envisioning your future children (or pets) playing in the backyard. It means exercising patience and resilience while also moving at lightening...
What Every Real Estate Investor Needs to Know About Wholesaling
Wholesaling real estate has become increasingly popular over the past few years in Chicago, particularly the south side and around Cook, Kane and Dupage County in general. In this potentially profitable endeavor, wholesalers sell their properties to buyers who are looking to pick up multiple real estate investments at once. Wholesaling real...
Closing Costs May Add Unanticipated Expenses to Your Home Purchase
For many, purchasing a home is a lifelong dream. However, buying a house is a complicated undertaking that raises a great deal of legal and financial liability. In fact, the costs and challenges associated with closing on a home are too great of a burden for many Americans to shoulder. For these...
Short Sales and Foreclosures – Confusing Similarities and Critical Distinctions
Across America, real estate investors and home owners alike are making real estate purchases made possibly by our system of real estate financing and mortgages. Rather than paying the entire cost all at once, credit-worthy property purchasers may place a fractional down payment on their real-estate investments. A lending institution will provide...
Entering a Commercial Lease? Get a Real Estate Lawyer.
Starting a new business can be incredibly exciting. Entrepreneurs spend weeks, even months, hunting for facilities and equipment that are just right for their businesses. Typically, this involves pouring over every tiny detail of the building’s layout and amenities, thinking carefully about how it might impact operations or make the...
The Benefits of Real Estate Law To Homeowners
For many people, homeownership is a great source of pride and joy. And why shouldn't it be? In a society where real estate properties get more and more expensive by the day, being able to buy a house is indeed a great accomplishment.
While there's no denying the tremendous...
What Happens When a Creditor Forecloses on Your Property?
We’ve all heard the phrase “foreclosure,” but do you know what it means, what it involves, and when it is triggered? Many homeowners do not, as they figure it will never happen to them. While there are encouraging signs about a growing economy, we are still not out of the woods when it...
What Does it Mean if There is a Covenant on My Land?
When most people purchase property, they expect that they will be able to do whatever they want with the property. However, many people are surprised when they learn that the property they intend to purchase comes with something called a “covenant.” What is a covenant and what does it mean for you if...
Buying a Property with a Pre-Existing Mortgage? Understand Your Options!
A large number of home sales in the United States are financed by mortgages, and when these homes go back onto the market many of them are still mortgaged. Home buyers are frequently presented with the option to “assume” the mortgage or buy the property “subject to” the mortgage. Understanding the difference is...
I Want to Leave a Piece of Property to Multiple People. What Do I Need to Know?
During the estate planning process, many people decide they several people to benefit from the same piece of property, whether it is land, a house, or anything else. Sometimes this is because they have limited assets, and other times it is because they simply do not want to leave any of their intended...
