by Lauren Jackson | Feb 18, 2025 | Attorney, buying a home, Contracts, Lawyer, Real Estate, real estate closing, Real Estate Inspection, selling a home
When you purchase real estate in Illinois, you will negotiate with the seller and come to an agreement. Once you both agree on the terms in principle, you will sign a real estate contract. Once both parties sign the contract, the real estate attorney is brought into...
by Lauren Jackson | Jan 6, 2025 | Deed, mortgage, Quit claim deed, Real Estate
A very common estate planning practice is to draft a trust and title your real estate in the name of the trust. This practice lets the trust “own” your real estate holdings. There are many positive reasons why one would do this. However, if the property owned by the...
by Lauren Jackson | Dec 14, 2024 | buying a home, lender's title policy, owner's title policy, Real Estate, real estate closing, selling a home
When reviewing documents with real estate clients, title insurance is one of the most asked-about costs on the settlement statement. During the process, you will learn there are two types of title insurance policies, an Owner’s title insurance and a Lender’s title...
by Lauren Jackson | Nov 11, 2024 | Attorney, buying a home, Lawyer, mortgage, Real Estate, real estate closing
When searching for a home loan (mortgage) or refinancing an existing mortgage, it is confusing to compare one loan to another. We all want to get the best deal. One might think the loan with the lowest advertised interest rate would always be the best option....
by Lauren Jackson | Aug 26, 2024 | Attorney, buying a home, Contract for deed, Contracts, Deed, Lawyer, mortgage, Real Estate, real estate closing, selling a home
A contract for deed, also known as a land contract, installment contract, or a bond for deed is a legal agreement between two parties, a buyer and a seller. Unlike most traditional real estate transaction that involves a mortgage from a bank, in a contract for deed...
by Lauren Jackson | Mar 19, 2024 | Attorney, buying a home, Lawyer, owner's title policy, Real Estate, real estate closing, Real Estate Inspection, selling a home
Your dreams have come true and you just purchased a home. Everything was great until you moved in. After the first rainfall, your basement floods, or your roof leaks and your home has sustained water damage. You suspect that this is not the first time this house has...
