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 or selling real...
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,...
If you own a property in Illinois, one of the first things on your mind will be protecting it from damage. As a matter of fact, most Illinois landlords take security deposits to protect themselves from damages the tenant might cause. What’s more, most landlords...
If you are a buyer or seller in Illinois, the disclosures are probably the most financially important part of your transaction. Normally, your Realtor will help you fill this form out as a seller, or help you understand it as a buyer. However, I think a knowledgeable...
