Disclosing defects is a necessary part of selling a commercial property. However, some sellers may be hesitant about doing so out of fear that it will scare away potential buyers. It can be tempting to withhold information, but this may lead to more significant...
Real Estate Law
Can I get rid of my student loans in Chapter 7 bankruptcy?
It might be hard to find a young adult in Illinois who is not carrying at least some student debt. Not only can these loans be tens or even hundreds of thousands of dollars, they are more difficult to pay back than most people realize -- especially when other debt is...
Can I use an independent home inspector when buying a house?
Buying a home is one of the biggest financial commitments a person will ever make. This is why the average buyer in Illinois dedicates a significant amount of time finding the best place possible. But even if the house has the right number of rooms, is in a good...
Residential real estate: When can I turn down an offer?
A home is much more than just a bit of property. Homeowners pour their time, effort and money into creating a loving and welcoming environment for their families. So when it comes time to sell, people can easily get caught up in their emotions. However, residential...
Four common mortgage and real estate scams
One of, and maybe the last thing you want to happen as a consumer or investor, is to get scammed. To get robbed of your money or private information can send your finances down a rabbit hole. Real estate and mortgage scams are also not on the top of the list of...
Title defects can derail your real estate purchase
There are many different steps when it comes to buying a home or other piece of real estate, and at each step it is possible that something may go wrong. Problems with the title can be particularly upsetting. For example, title defects can make it difficult to...
Handling evictions according to residential real estate law
The average landlord in Illinois already has a lot on his or her plate. Because of this, it can be very frustrating to deal with problems from tenants, such as frequently being late on rent. When these types of problems progress, it is sometimes necessary to move...
Protecting your interests in commercial real estate transactions
When you bought your house, maybe you were envisioning a long-term home where you would raise a family. Or perhaps you made the purchase as a financial investment. Regardless of your intentions, your house or property is probably one of your biggest assets, if not the...
Undisclosed defects in residential real estate
Buying the perfect home can be a dream come true. Discovering there is something wrong with the house can quickly turn that dream into a nightmare. During the extensive home selling and buying process, sellers are responsible for disclosing defects to buyers. Failing...
Commercial real estate involves negotiations
Finding the right commercial space in an ideal location is an important part of owning a business in Illinois. However, securing that perfect space is often more complicated than it appears. Business owners need to understand how to negotiate a lease when dealing with...