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State of Illinois releases 2021 multiplier

Posted on October 26, 2022 by richardclosings88October 26, 2022

Well folks, we are just days or weeks from the VERY late issuance of 2021 second installment tax bills.  The Illinois Department of Revenue has released the 2021 equalizer which will be 3.0027 for Cook County.  The 2021 tentative factor … Continue reading →

Posted in Uncategorized | Leave a reply

Closings for People Fleeing Illinois

Posted on February 1, 2022 by richardclosings88March 17, 2022

People leave Illinois for all sorts of reasons. Some get a job transfer. Some have life changing events like a marriage or educational opportunities. Some people want better weather. Some can’t stand the traffic. People are also leaving for policy … Continue reading →

Posted in closing | Leave a reply

Update on Zoning and Recording during Covid-19

Posted on October 28, 2020 by richardclosings88October 5, 2021

As of today, Chicago zoning certifications are taking anywhere from 2-4 weeks to be received from the City. Documents in Cook County seem to be taking at least 35 business days to show up recorded. The Cook County Recorder’s office … Continue reading →

Posted in Uncategorized | Leave a reply

Chicago Zoning Certificates and Coronavirus

Posted on April 27, 2020 by richardclosings88November 8, 2022

Angiv, at du ønsker at købe en recept ved at vælge den relevante type: Kassenrezept for offentlige sygesikringskunder, Privatrezept for private kunder osv. Der findes i alt 6 forskellige typer recepter i det tyske sundhedssystem, som vi har beskrevet mere … Continue reading →

Posted in Uncategorized | Leave a reply

Closings and Coronavirus

Posted on March 23, 2020 by richardclosings88March 23, 2020

I know we are all adjusting to our “Shelter in Place” order. However, it is clear that lenders, closing attorneys, mortgage and title companies have been deemed “essential services” and we (and they) will be open for the foreseeable future. … Continue reading →

Posted in Uncategorized | Leave a reply

The importance of the pre-approval letter in a Chicago real estate closing

Posted on November 14, 2018 by richardclosings88November 14, 2018
preapproval letter in Chicago real estate closing

One of the most common documents submitted along with a contract offer to purchase real estate in Chicagoland is the pre-approval letter. How important is this letter? It is not important at all. You read that right. It is not … Continue reading →

Posted in loan

Chicago to Introduce Luxury Transfer Tax

Posted on October 31, 2018 by richardclosings88November 14, 2018

There are many rumblings on the street that the City Council is about to propose a new referendum providing that the transfer tax paid by Buyers upon the sale of real estate with a value over one million dollars (some … Continue reading →

Posted in taxes, transfer taxes

City of Chicago Certificates of Zoning Compliance SLOWED

Posted on August 27, 2018 by richardclosings88August 27, 2018

One of the common requirements of selling a residential one to five unit properties (excluding condos and co-ops) is to obtain from the City of Chicago and provide to a buyer a Certificate of Zoning Compliance.  The “Zoning Cert” certifies the … Continue reading →

Posted in Chicago, zoning certification

Think twice before you wire PROCEEDS

Posted on April 3, 2018 by richardclosings88April 3, 2018

Much has been made in Illinois about the Illinois Good Funds Act that affects real estate buyers and the proliferation of email scams to defraud buyers by misrouting their wired-in purchase funds.  However, not much though goes into how a … Continue reading →

Posted in Uncategorized

Cook County Treasurer adds great new feature to website

Posted on February 12, 2018 by richardclosings88February 12, 2018

It’s property tax time again.  In February, every year, the Cook County Treasurer releases new tax bills to the public.  The first installment in Cook County is generally considered a “deposit” against the full year tax bill.  The County always … Continue reading →

Posted in Cook County Treasurer, property taxes

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chicagoclosings.com

A blog by lawyers about real estate closings in Chicago and the Chicagoland area. We help home buyers and sellers with real estate closings in Chicago, Cook County, DuPage County, and Lake County, Illinois.

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Recent Posts

  • State of Illinois releases 2021 multiplier
  • Closings for People Fleeing Illinois
  • Update on Zoning and Recording during Covid-19
  • Chicago Zoning Certificates and Coronavirus
  • Closings and Coronavirus

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