Archive for March 2020
Different Ways of Holding Title to Real Estate in Illinois
When more than one person purchase a real estate property in Illinois, they need to elect how they are to take title to the property. Illinois law provides three basic options: 1) tenancy in common; 2) joint tenancy; 3) tenancy by the entirety. Tenancy in Common Tenancy in common is the legal default, i.e. if…
Read MoreThe Attorney’s Role in Representing Sellers of Illinois Residential Real Estate
When representing sellers of residential real estate, the attorney’s role begins by carefully reviewing the contract and real estate disclosures executed by the parties, public records of municipal violations, real estate tax assessment and payment, and other matters affecting title to the premises. When appropriate and beneficial, the seller’s attorney will request modifications to the…
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