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 →
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 →
We hear real estate tax bills will be available online either tomorrow (Thursday June 29, 2017) or Friday (June 30, 2017). … Continue reading →
I have been thinking a lot lately about mortgages, the mortgage contingency, and the lenders’ role in a real estate transaction. My recent experience is that lenders are busy – darn busy! This might be the result of the industry … Continue reading →
Property taxes, and more specifically, the property tax proration paid at closing by a Buyer to a Seller, should always a major topic of conversation between a home buyer or seller and their attorney. Because property taxes in Illinois are … Continue reading →
In the wake of the American housing crisis earlier this decade, we have seen a rise in “REO” transactions. REO is short for “real estate owner”, as in real estate owned by a bank who foreclosed on the property. As … Continue reading →
Whenever a real estate purchaser and seller go to the closing table for a Cook County property, they have an interesting dilemma. Property taxes. How do they deal with the real estate taxes? Property taxes are paid in arrears. As … Continue reading →
The much-anticipated second installment of 2015 Cook County real property taxes is expected to be available online today at the Cook County Treasurer’s Website around 10am. What does this mean? First, it will be very interesting to see the results … Continue reading →
As readers of this page probably are well aware, there is a great deal of uncertainty about the amount of the second installment 2015 tax bill that should be out just near the end of June. The results of the … Continue reading →
Homeowners in DuPage and Lake County are now finding real property tax bills showing up in their mailboxes. Throughout most of the State of Illinois, with the exception of Cook County, real estate owners usually receive a single tax bill … Continue reading →
