We Won’t be Bribed. Don’t Support the Biden Homebuyer Tax Credit
President Joe Biden has proposed an annual tax credit that would give lower-income Americans $9,600 over the next two years to help with the financing of their first or second home. Sounds great, right? This tax platform will be an unmitigated, $806,400,000,000.00 disaster that our grandchildren’s children will owe eighty years from now. I arrive […]
Understanding the Cost of an Eviction Lawyer: Essential Insights for Landlords
The question on many landlords’ minds is, “How much does an eviction lawyer cost?” The answer isn’t as straightforward as one might hope, but let’s just say $895 plus fees.
Chicago Foreclosure Lawyer Explains – 7 Steps to Illinois Mortgage Foreclosure Law
Foreclosure can be a daunting and stressful process for any homeowner, and understanding the timeline and key milestones can help you navigate this challenging situation more effectively. In Chicago, the foreclosure process is primarily judicial, meaning it involves the court system and follows a specific timeline with various stages. In this article, we will discuss the critical steps and deadlines in the Chicago mortgage foreclosure timeline to help homeowners gain a better understanding of the process and the options available to them.
The 2024 Illinois Short Sale Guide for Selling Your Home to Get Out of Foreclosure
Short sales are the best way for our Chicago community to face financial hardship. A short sale attorney can eliminate debt and help you get your life back. By explaining your difficulties to the Bank, negotiating the price and working with the Court, we rescue homeowners from debt.
SB1872: Illinois Law on Wholesaling Houses
On the first of January, 2020, the State of Illinois passed SB1872, and effectively outlawed real estate wholesaling in Illinois. Undoubtedly, many investors are scrambling to find a business model that fits the new law. So, today we will answer three questions: First, what is Real Estate Wholesaling? Second, why did Illinois make wholesaling houses […]
Illinois Real Estate Disclosure Law – 2022 Form and FSBO Disclosures
If you’re looking to sell residential real property in Illinois, it’s important to understand the Illinois real estate disclosure laws. Whether you’re selling a single-family home, a condo, or a four-unit multifamily property, you must file a disclosure form as defined by law. Even if you’re selling the property as-is. In fact, the Illinois Association […]
How to Sell without a Realtor in Lisle Illinois – 2023 Guide to Lisle FSBO Transfer Stamps, Final Water Readings, and More
Are you unsure of where to start when it comes to selling your home? Don’t worry – there is an easy and cost-effective way to do it without involving real estate agents. Our For Sale By Owner (FSBO) guide will walk you through the process in Lisle, Illinois. Plus, with the help of an experienced […]
Quantitative Tightening and Inverted Market Economics of Housing
Reuters just published an article announcing a leak from the Federal Reserve about the beginning of Quantitative Tightening – https://www.reuters.com/business/calling-time-qe-central-banks-prep-synchronized-asset-cull-2022-04-19/. What, you might ask is that? For the last decade, the Banks have been adding money to their balance sheets at the end of every day. This is called Quantitative Easing. They do this through […]
Eviction Moratorium Ends in Illinois on October 3!
The Illinois eviction moratorium is over on October 3. The new Illinois executive order 2021-23 preserves most covid regulations through October 16 but ends the ban on evictions on October 3. With these new changes, landlords are now able to evict tenants for a variety of reasons, including non-payment of rent. Landlords should be sure […]
Remote Closings in Illinois – Can Real Estate be Contactless?
Last week, my entire LinkedIn was buzzing about how to do a “contactless closing.” For many real estate closing attorneys, remote closings represent our best chance of staying normal in our markets. But, Illinois has non-conforming electronic transactions laws. How do we do it? Is there help for doing remote closing in Illinois? What can we do during the COVID era?
