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...
by Lauren Jackson | Jan 25, 2024 | Attorney, buying a home, Lawyer, Mechanic Lien, mortgage, owner's title policy, Real Estate, selling a home
If you make your living in real estate, an instrument you should know is the mechanic lien. Also known as a construction lien or a contractor’s lien, a mechanic lien is a legal claim that a contractor or other construction professional (carpenter, architect, plumber,...
by Lauren Jackson | Dec 27, 2023 | Attorney, buying a home, Elgin, Lawyer, lender's title policy, owner's title policy, Real Estate, real estate closing, selling a home, St. Charles
Two common questions we get from our selling real estate clients are: how do we get our money and when do we get our money? In northern Illinois, we use title insurance companies to handle the disbursement of monies in real estate transactions. By using a title...
by Lauren Jackson | Nov 9, 2023 | Attorney, buying a home, Contracts, Lawyer, Real Estate, real estate closing, selling a home
Whether you can get your earnest money back if you cancel your real estate contract depends on the specific terms and conditions outlined in the contract and the circumstances surrounding the cancellation. An earnest money deposit is a sum of money provided by the...
by Lauren Jackson | Sep 20, 2023 | Attorney, buying a home, Lawyer, Real Estate, real estate closing, selling a home
Hiring a real estate attorney is an important part when purchasing or selling real estate. Asking the right questions can make sure the attorney is a good fit for your transaction. Hiring the right attorney could make or break the deal. The legal industry has become...
