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Author Archives: richardclosings88

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Update on Zoning and Recording during Covid-19

Posted on October 28, 2020 by richardclosings88October 28, 2020

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 →

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Chicago Zoning Certificates and Coronavirus

Posted on April 27, 2020 by richardclosings88April 27, 2020

Whenever a buyer or seller engage in a transaction for a residential property containing 5 or fewer residential dwelling units (condos, co-ops, vacant & commercial property with no residential units are exempt) in the City of Chicago, a “Certificate of … Continue reading →

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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 →

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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 →

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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

City of Chicago Multiple Dwelling Registration is No More

Posted on December 7, 2017 by richardclosings88January 11, 2018

This fall, the City of Chicago passed an ordinance to repeal the Multiple Dwelling Registration provisions pursuant to Chapter 13-10 of the City Code.  The City Department of Buildings sent out a notice indicating that the old requirement for owners … Continue reading →

Posted in Chicago, ordinances

The real estate season is back in Chicago

Posted on October 26, 2017 by richardclosings88October 26, 2017
Chicagoland real estate seasons

It has been a long time since we had a “proper” real estate season. After the recent housing market crisis, there has not really been a true season.  Instead, during that time and in  the time since, most buyers and … Continue reading →

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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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  • Update on Zoning and Recording during Covid-19
  • Chicago Zoning Certificates and Coronavirus
  • Closings and Coronavirus
  • The importance of the pre-approval letter in a Chicago real estate closing
  • Chicago to Introduce Luxury Transfer Tax

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