Real Estate

In a quest for positive press coverage, our sheriff's office continues to ignore its responsibilities. Judges must follow the law when entering orders determining when someone must leave a property when they fail to pay what they owe. The sheriff has no right to disregard a court order or disregard a judge's determination of when someone must leave.

Title insurance protects both the seller and buyer of real estate by insuring against financial loss arising from defects in the title.  It is meant to protect financial interests in real property against loss due to title defects, liens, survey defects or other matters.  A covered party will be defended against any lawsuits attacking the title and will be reimbursed for actual monetary loss incurred from a title defect up to the dollar amount of insurance provided by the policy.

There are two types of title insurance policies -

This spring has brought persistent and record breaking rainfalls to northeast Illinois.  We have been contacted quite a bit lately about people experiencing water damage and flooding issues in recently purchased homes.  We are frequently asked when a seller can be held liable for these problems.

1. The Lender Doesn’t Have What They Need from the Title Company

The sale of real estate may be the largest, most important financial transaction of your life. In order to ensure the smooth and proper handling of such a transaction, you should hire a Lake County real estate attorney to assist you.

If you are buying or selling real estate in northeast Illinois or southeast Wisconsin, you need an attorney to assist you in the process.  Many people are curious as to the right time to contact our law firm.

Congress enacted sweeping changes to the tax code at the end of 2017.  Many of the revisions were designed to eliminate tax loopholes and reduce percevied unfairness in favor of wealthy individuals or companies.  One change which has not been clearly reported is the handling of like kind exchanges.  A like kind exchange allows for the deferral of capital gains tax on an appreciated asset that is sold so long as the proceeds of the sale are used to purchase a replacement property similar in nature to the asset being sold.

For many years, a landlord had to bring a case to remove a tenant from their property under the Illinois Forcible Entry and Detainer Act.  This terminology was not very well known to anyone other than lawyers and judges.  Effective January 1, 2018, the term Forcible Entry and Detainer Act has been replaced by the more commonly used “Eviction.”  From this point forward, paperwork filed with the courts should not use reference to Forcible Entry and Detainer and should simply state that the landlord is seeking an Eviction.  Additionally, the Illinois Supreme Court has issued a new standardized

The purchase and/or sale of real estate will most likely be the largest, most important financial transaction of your life. In order to ensure the smooth and proper handling of such a transaction, both the seller and purchaser should hire a Lake County real estate attorney .