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, many Realtors are still confused about how to do...
Dual agency is when the same Real Estate Agent represents both the buyer and the seller. In Illinois, this arrangement is perfectly legal, and it is just a check-box on Section 29 of the Multiboard 7.0 Contract. These arrangements can be a nice opportunity fo both an...
There is only one piece of paper I see every single day. If you wound up on this page, I think you’ve probably seen it too. It’s intimidating, it’s lengthy, and it’s written in complicated legalese. But, if you’re buying, selling, short...
In April 2020, JP Morgan Chase announced that it would require all new loans to have a 700 FICO score and place 20% down at the time of closing. Soon after, other major lenders like United Wholesale Mortgage and even Fannie Mae followed suit! This time last year,...
On April 22, 2020, the Federal Housing administration updated its guidelines on fair housing. While the language of the rules stayed the same, FHA added a new protected class. This class includes all individuals discriminated against “associated with...
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