Property Owners
Real Estate Tax Prorations in Illinois
Thank you for allowing me to speak with you today about the role of attorneys in Illinois real estate transactions. I am an Illinois-licensed attorney with 12 years of experience in real estate and other areas of the law. For this presentation, I am going to first take a few minutes to give you a…
Read MoreDifferent 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…
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