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All in Real Estate Law
As mortgage rates rise across the United States, prospective first-time home buyers face continual challenges to their pursuit of homeownership. After hovering near record-low rates throughout the earlier portion of the coronavirus pandemic, mortgage rates now returned to early 2020 levels.
On July 9th, 2021, Illinois Governor JB Pritzker signed the Real Property Transfer on Death Instrument Act. In a slew of major, new real estate laws coming into fruition the latest Act took effect on January 1st, 2022.
Throughout the past couple of years, many in the real estate industry clamored for remote notarization in Illinois. Since the onset of the coronavirus pandemic in 2020, more than 4.7 million Americans worked remotely at least half the time, reaching a peak of 164.6 million people in February 2020.
In October 2021, the United States hit a 30-year inflation high only to hit a 39-year inflation high the follow month. In November 2021, consumer prices reached 6.8%.
Thinking about retirement planning this year? As we age, our living situation becomes a big question mark. From home to retirement communities, there are plenty of options for housing when it comes to retirees.
One of the biggest stories in 2021 real estate occurred when Zillow surprisingly closed its homebuying program last year. Prior to this, Zillow established itself as one of many large property investors across the United States.
Have you ever thought about tapping your home equity in Illinois? Many Americans consider home equity as a path to finance large projects.
On August 3, 2021, just days after the government eviction moratorium expired, the CDC imposed a new eviction moratorium to temporarily suspend evictions for two months in counties where COVID-19 cases are proliferating.
On Thursday, August 12th, it was announced that the JDS Construction lawsuit will carry onward after an Illinois court refused to dismiss the case.
Buying a home is one thing; buying a home while protecting your interests is another story. It is an exciting time for first-time home buyers, albeit a tad overwhelming.
When setting short sale expectations during a real estate transaction, it is crucial to understand that many steps should not be skipped.
When a creditor places a home under lien, homeowners fall into a tricky scenario. When a property title has a lien, homeowners face an extremely frustrating (and potentially intimidating) scenario.
For first-time home buyers, especially, there are certain facets that they should never compromise on. Every prospective homeowner lists features and benefits that are important to them.
The game of first-time home buying can be a tricky one. For most people, choosing whether or not to wait before purchasing a home is one of life’s greatest decisions.
Real estate closing delays easily make an already stressful process even more tense. Waiting for your new home to close is an involving process.
When a parent dies, it is important to be aware of your options, as well as the steps needed to take care of their estate. That includes dealing with potentially selling an inherited property. To help ease the stress of the situation, it is important to understand what to do next.
When looking for your next home mortgage, you may not realize that you may have an option to go with a completely paperless mortgage if your lender offers this service and if the Recorder of Deeds in your county accepts electronically signed documents for recording.
This means digital documents, limited in-person interactions, and a theoretically faster process overall. So, how does it work and what are the main benefits of going paperless with your next home mortgage?
Real estate suburban migration has been a hot topic throughout the real estate industry nationwide.
This year has been difficult for everyone and many people are looking for a new home for reasons like a change of scenery, the relative peace and quiet of the suburbs, or to chase a new job. With that comes new trends in home buying and a shift in the home buying process.
As the coronavirus continues to rage across the land, mortgage modifications are becoming more and more frequent.
The pandemic has presented many challenges for everyone, especially for those who find themselves struggling to pay their mortgage. Though there are programs in place to help—both from the government and lenders themselves—not everyone will qualify.
Here are your options for seeking mortgage modifications or your options if you do not qualify. Most importantly, reach out to your lender to see what options might be available to you.
Buying a house is almost always a stressful event, particularly so if you are a new prospective homeowner. Your real estate agent or broker is supposed to help you along the road to becoming a homeowner, but for some, racially discriminatory practices by the few unscrupulous agents and brokers in New York has tainted the home buying experience.
