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 →
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 →
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 →
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 →
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 →
UPDATE: In December 2017, I was contacted by a representative of the Illinois REALTORS indicating that as a result of their recent form review, they have decided to remove the mold disclosure from circulation and asked that I remove the … Continue reading →
I’ve been blogging for some time at a number of my firm’s other websites (chicagoeviction.com and illinois-attorney.com) on various legal topics. This site will have a concentrated focus on real estate law and real estate closings in the Chicagoland real … Continue reading →
