Three FAQs About Title Insurance

When it comes to buying or selling a home here in Chicago or around the country, title is one of the most important concepts to understand – and also one of the most frequently overlooked.  In real estate, title refers to who has the legal ownership of, and the right to use, a certain property. During a real estate transaction, a title agent will perform a thorough title search on the property, looking for liens, encroachments, //READ MORE

2019-11-25T09:30:48-06:00 November 21st, 2019|Community|

Different Types of Property Easements: An Overview

When you buy a home, you’re purchasing a lot more than just four walls. Here in Chicagoland, purchasing a property is often going to mean inheriting the specific property easements that come with it.  In short, an easement is a designation that says someone else has the legal right to use your property, generally for a specific purpose. In other words? You own the land, but a third party has permission to use part of that //READ MORE

2019-11-04T16:47:29-06:00 November 14th, 2019|Community|

In Real Estate, What Does a Buyer’s Attorney Do?

Buying a home is one of the biggest financial undertakings most of us will ever experience – it’s also one of the most singular and unique.  For one thing, real estate falls into its own unique category as “real” property – broadly meaning land, and the structures affixed to that land. It is distinct from personal property, those tangible and intangible possessions other than land or buildings (like appliances, cars, stocks and bonds, and so on).  //READ MORE

2019-11-04T16:36:13-06:00 November 12th, 2019|Community|

What Does It Mean to Discharge a Debt?

Bankruptcy is a way for debtors to discharge certain debts, and restructure others to make them more manageable. It is intended as a way for those struggling with mounting debts to hit “reset,” in order to take a breather, and, eventually, reenter the economy with a cleaner slate.  If you’re considering bankruptcy as a lasting solution for debt relief, it’s important to know what it really means to receive a discharge — including what types of //READ MORE

2019-10-14T16:17:14-05:00 October 22nd, 2019|Community|

What Is A Transfer on Death Instrument, or TODI?

After a lifetime of building wealth, how can you ensure that your most important assets are passed down according to your wishes? Whether you’re a new homeowner or you have several decades in your “Forever Home” under your belt, it’s never too early to start thinking about estate planning for your home, financial accounts, and other assets.  The choices you make now could mean all the difference for your friends and family when you’re no longer //READ MORE

2019-10-08T12:46:23-05:00 October 15th, 2019|Community|