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 | 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...
