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…
Archives for May 2013
Chicago Real Estate Closings: What Basic Documents Purchasers/Borrowers Need To Understand?
Over the last couple weeks, this blog has discussed a few of the aspects of the real estate closing process that both purchasers and sellers of property alike should be familiar with. Perhaps the most important part of the closing process for the purchaser is the review and execution of the various documents associated with the loan…
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…