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Real Estate

Monday, September 24, 2018

Providing for a Fiscally Irresponsible Heir

You’ve spent your life working hard and making good investments. Now that you have wealth, you want to make sure your family is taken care of. There’s just one problem: you just know that an heir you love dearly will squander your money. Rather than cut them out of your will, you should consider other trust-related options to provide for them. Read on to learn more about how you can provide for a fiscally irresponsible heir.

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Thursday, September 20, 2018

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 comes to foreclosures. All homeowners need to know how foreclosures work and should be able to recognize the warning signs that they are at risk of foreclosure.

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Monday, September 17, 2018

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 you are purchasing property that comes with a covenant?

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Wednesday, August 29, 2018

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 important for every buyer considering these options.

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Tuesday, August 21, 2018

Buying a House for the First Time? Here’s What You Need to Know About Good Title

Buying your first home is very exciting! It can also be very overwhelming given how many different steps are involved. One of the most important things to be aware of is ensuring you have “good title” to the home you purchase. What does good title mean and how do you know when you have it? Read on to learn more.

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Tuesday, April 24, 2018

Tips When Buying Your First Condo

Working towards the purchase of your very first condo is an exciting time. It is a different adventure than purchasing a house, but a still a significant undertaking in the pursuit of a place to own and call home. To help ensure you are buying the right condo for you and to help make the purchase process a bit less stressful, we have outlined some tips to keep in mind along the way.

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Friday, April 20, 2018

Short Sales: The Good and The Bad

While you may have heard about people getting great deals on homes through short sale, you may not be fully aware of how this happens. It is true, short sales can get you a home at a surprisingly low price. In fact, the low cost of short sale houses is often one of the biggest and only draws. Otherwise, short sales are notoriously complicated and frustrating to deal with. In a short sale, a homeowner is attempting to sell the home in order to avoid foreclosure proceedings.

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Wednesday, March 28, 2018

What do you Need for a Residential Lease Agreement?

Illinois Residential Lease Attorney

Here at M&A Law Firm, we are experienced in providing sound legal counsel to both landlords and tenants regarding residential leases. We take into account all aspects of the landlord and tenant relationship and work to help ensure the relationship remains a positive one. Establishing a detailed and legally viable residential lease agreement can be the foundation of this relationship. M&A Law Firm will work with you during the negotiating, drafting, and review period of this important document.

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Monday, February 26, 2018

Illinois Foreclosure Defense Attorney

There are countless reasons why a homeowner may have problems making mortgage payments. It is an all too common scenario for people across the country, Illinois residence included. It can be scary to receive notice from your lender that they are initiating foreclosure proceedings due to non-payment. Do not lose hope. There are several ways to delay foreclosure and save your home.

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Monday, January 29, 2018

What Should a Buyer Consider During the Inspection?

Here at M&A Law Firm, P.C. we are here to help our clients through all stages of the real estate buying and selling process. These are big transactions that can have lasting financial implications. Taking care up front, at the beginning of the process can have major benefits and pave the way for a smooth transaction.
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Sunday, January 21, 2018

What is a Mortgage Contingency Clause?

The real estate process is complicated. Both seasoned and first time buyers can often get bogged down in all of the red tape involved and important details can be overlooked. M&A Law Firm, P.C. will provide you with sound legal counsel to help make sure you successfully navigate the real estate buying and selling process.

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