by Lauren Jackson | Mar 7, 2023 | Elgin, Quit claim deed, Real Estate, Transfer on death instrument
In 2012 the Illinois Residential Real Property Transfer on Death Instrument Act became Illinois law. This act authorized the use of a new deed called the Transfer on Death Instrument (“TODI”). This new tool allows the transfer of residential real estate outside of...
by Lauren Jackson | Nov 1, 2022 | Attorney, buying a home, Lawyer, Real Estate, selling a home
Are you ready to buy a home? Are you ready to sell your current home? Do you think it is possible to do both transactions in one day? With some good planning and a little bit of luck on your side, it can be done. If possible, we encourage our clients not to buy and...
by Lauren Jackson | Jun 13, 2022 | Beneficiaries, Estate Planning, Real Estate, Trusts
If you are part of a group of beneficiaries (2, 3, etc.) and have inherited a parcel or parcels of real estate together, there are a variety of ways in which the real estate may be distributed. First and foremost, if the real estate is owned by a trust, the trustee of...
by Lauren Jackson | May 2, 2022 | Quit claim deed, Real Estate, warranty deed
When buying residential real estate, there are a lot of documents that you will sign and documents you will receive at the closing. One of those documents is the deed to the property. Even if you are buying with a loan, you will still get the deed at the...
by Lauren Jackson | May 2, 2022 | foreclosure, Real Estate, Short Sale
A real estate short sale is where you owe more money on your loan than what you can sell the home for. This is not an easy transaction in this current market, but it still is possible to get your lender to accept a lesser amount than what they are owed on the...
by Lauren Jackson | Sep 22, 2021 | buying a home, Real Estate, real estate closing
Who could have predicted that at one moment our country and state would shut down due to a pandemic and shortly thereafter emerge into one of the hottest real estate markets in recent memory? If you are a first-time homebuyer, a competitive housing market can...
