We all expect a measure of privacy in our homes. But, in the information age, privacy is no longer a given. In fact, there is a lot of easily acquired information online, particularly after a real estate purchase.
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The real estate industry is always shifting and evolving. Recently, lawsuits against the National Association of Realtors and national brokerages have resulted in new commission structures for many real estate brokers....and many questions from clients.
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Thanks to a continued low inventory of homes for sale in the Chicago area, our firm expects that 2023 and 2024 will bring multiple offers, when sellers gets competing offers from multiple buyers. This can inspire buyers to get creative with their offers—including offering post-closing possession. What is post-closing posse...
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We're on the move! On August 28, 2023, our law firm moves to the corner of State and Madison, the center of all Chicago addresses.
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As of New Year's Day, all smoke detectors in residential dwelling units must be...
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A pervasive problem for some in contemporary society splits us into two camps. They read the same things you do. They take wildly different views of what those writings mean. They are not easily persuaded by reason or the advice of experts. They acknowledge legal obligations, but still want to “do their own thing,” often to the detriment of others they engage with.
You know who I am talking about...
You know who I am talking about...
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Brokers,
I'm talking about naming names on purchase and sale contracts. The standard forms give you room to identify the deal participants – buyer and seller, natch. Yourselves. The lender. The homeowners' association. And yes, us lawyers too.
Adding the lawyers' name lets us all
I'm talking about naming names on purchase and sale contracts. The standard forms give you room to identify the deal participants – buyer and seller, natch. Yourselves. The lender. The homeowners' association. And yes, us lawyers too.
Adding the lawyers' name lets us all
1285 Hits
Here’s an important update for real estate brokers.
As of March 1, 2022, there will be a change in the Disclosure of Financial Interest form that Illinois title insurance producers (sellers’ lawyers, some brokerages, etc.) must provide to consumers as they contemplate title insurance. These ‘producers’ include our firm.
The new disclosure form will:
As of March 1, 2022, there will be a change in the Disclosure of Financial Interest form that Illinois title insurance producers (sellers’ lawyers, some brokerages, etc.) must provide to consumers as they contemplate title insurance. These ‘producers’ include our firm.
The new disclosure form will:
2146 Hits
By Michael Wasserman
Whew. Real estate buyers, sellers and professionals all exhaled with relief last Friday. After lobbying from the mortgage industry, the Treasury Department has deemed Internal Revenue Service clerks (who process lending forms) as "essential" employees. Which means they can get back to
Whew. Real estate buyers, sellers and professionals all exhaled with relief last Friday. After lobbying from the mortgage industry, the Treasury Department has deemed Internal Revenue Service clerks (who process lending forms) as "essential" employees. Which means they can get back to
2854 Hits
Chicago is an ever-changing demographic kaleidoscope. Ethnic migrations, land-use transformations, and varying degrees of economic prosperity all stir the real estate pot and eventually touch every corner of the city.
So, how does a home buyer or real estate investor know where to find the best opportunities for property appreciation in Chicago?
So, how does a home buyer or real estate investor know where to find the best opportunities for property appreciation in Chicago?
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In real estate, one would think a final pre-closing walk through is pretty straightforward: Is the house still standing? Are the sellers belongings removed? Are the shower heads and appliances still in place? Are there new holes in the walls or broken windows? Yet our law firm sees SO MUCH 11th hour drama!
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