Chicago Foreclosure Lawyer Explains – 7 Steps to Illinois Mortgage Foreclosure Law

2023 Foreclosure Filings Timeline by Chicago Foreclosure Attorney

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 Real Cost of Selling Your House “As Is”

Selling a House As Is Cost Savings

? Are you considering selling your house ‘as-is’ in Chicago? Learn from a real estate attorney about the true costs, benefits, and alternative options to make the best decision for a stress-free sale. Don’t miss our latest blog article! ? #ChicagoRealEstate #AsIsSale #HomeSellingTips

LLC Mortgages: A Guide for Real Estate Investors

llc mortgage for rental properties

Discover how to secure a mortgage for your rental property LLC with our comprehensive guide. Learn about the requirements, application process, and common terms for investment property mortgages, and get expert tips for improving your chances of approval.

How to Set up an LLC for Rental Property

LLC for rental properties under a house with keys

If you’re looking to start a business in Illinois, forming a Limited Liability Company (LLC) is a popular choice. An LLC is a type of business entity that provides the benefits of both a corporation and a partnership. In this guide, we’ll walk you through the steps of forming an LLC in Illinois.

Chicago Short Term Rental Ordinance – No New News in 2023

chicago short term rental airbnb

Recently, the Illinois Appellate Court upheld Chicago’s Short-Term Rental (STR) ordinance in the case of Mendez v. City of Chicago. The city’s STR ordinance governs short-term housing arrangements such as those offered on Airbnb and VRBO. In 2016, two residents filed a lawsuit to challenge the original STR ordinance. Later, they added several claims to […]

SB1872: Illinois Law on Wholesaling Houses

wholesale home real estate

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

2022 Illinois Residential Real Property Disclosure Illinois Disclosure law for for sale by owner 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 […]

Illinois Real Estate Advertising Laws – Ethical Advertising Made Simple

Real estate advertising law

Real estate advertising is a key part of finding leads and meeting potential clients. However, REALTORS must also honor real estate advertising law in Illinois and the REALTOR® Code of Ethics. Violating these rules can have severe consequences for your reputation, cash flow, and career. Real estate brokers must ensure that their advertising practices comply […]