SUBROGATION: ITS APPLICATION BY ILLINOIS COURTS.  In Illinois, the general rule is that lien priority is awarded to whoever records a lien against property first.  This concept is often referred to as “first in time, first in right.”  UnionBank v. Read More….
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Real Estate Transactions and Powers of Attorney (what if I cannot make the closing) Selling your home can be stressful. Between home repairs, costs, and the frustration of moving, it is enough to be a full-time job. This is usually Read More….
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Types of Deeds for My Property When you are getting ready to buy or sell your real estate, you may hear discussions about the deed to the property.  You may have some questions regarding the deed and its purpose. Many Read More….
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Getting Started If you would like to get started making an estate plan, you may not know which steps to take first. You will be on good footing if you assess which assets you own, think about your goals, and Read More….
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Why it Matters and What You Can do to Classify Your Workers As an owner of a business, it’s vitally important for you to accurately determine when a worker who contributes services to you is an independent contractor or an Read More….
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What is Title Insurance and do I need it? What is Title Insurance? Title insurance protects home buyers and mortgage lenders against defects in title. Title is a document which shows legal ownership of a property. Title will show past Read More….
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SUBROGATION: WHY THE FIRST TO RECORD A LIEN ISN’T ALWAYS THE ONE WITH THE BEST LIEN POSITION. In Illinois, the general rule is that lien priority is awarded to whoever records a lien against property first.  In other words, a Read More….
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EASEMENTS: HOW ONE CAN GIVE SOMEONE ELSE A RIGHT TO USE YOUR PROPERTY. If you own property, there is a good chance that it is subject to an Easement.  Easements can be relatively new, created within the last few years, Read More….
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When Are You Done With The Transaction. In a real estate transaction on day the property is transfer is referred to as the closing.  This is a date where everyone signs the documents and the house is officially transferred over. Read More….
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ADVERSE POSSESSION: CAN YOU GET PROPERTY FOR NOTHING? In Illinois, it is possible to develop a claim to property that was never originally yours or never officially conveyed to you.  This is the doctrine of Adverse Possession, sometimes commonly referred Read More….
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What are Tax Credits in a real estate transaction? If you are thinking of buying or selling your home, you may be thinking about the taxes. Property taxes in Illinois are a big part of figuring your monthly costs. When Read More….
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What are Disclosures? When you are selling real estate property in Illinois, it is law that you make certain disclosures about the property before you even sign the contract to sell the property. All the disclosures need to be in Read More….
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Home Inspection Issues and Negotiations Buying and Selling a home can be a time-consuming process from beginning to end.  If you are buying a home, it can be very time consuming to schedule homes to view, going out to seeing Read More….
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