As this blog has discussed on many occasions, there are a number of items that a potential purchase of real estate needs to contemplate when buying a property. One thing that many people tend not to pay much attention to is whether the property is governed by or a member of a homeowner’s association. This…
oak park real estate lawyer
What Property Owners Need To Know About Property Taxes – Tax Assessments
As this blog has discussed before, one thing all property owners have to look forward to twice a year is paying their property taxes. We previously outlined the way in which Cook County collects property taxes each year, mentioned that they are paid in arrears, and even demonstrated how each installment payment is calculated. However, another…
Chicago Real Estate: What Buyers And Sellers Need To Know About Short Sales
What Is A Short Sale? The term “short sale” refers to a type of real estate transaction wherein lenders with security interests in a piece of real property mutually agree to release the liens on the property in exchange for less than what is owed by the borrower/seller. The “short” part of the terms refers…