When you create an estate plan that includes a living trust, you’ve taken an essential step toward protecting your home and family from the cost of court. However, many people don’t realize that placing their home in a trust requires updating their homeowner’s insurance policy. Without this crucial step, you could face a devastating scenario: […]
Looking to Purchase a New Home? How to Avoid Paying 2 Mortgages at Once
When navigating Chicagoland’s competitive residential real estate market, it’s important to understand the intricacies of various contract provisions, especially the existing home sale contingency. This contingency can play a pivotal role for buyers who need to sell their current home before purchasing a new one. Two primary template contracts used in the area—the Multi-Board Residential […]
Worry Free Closings: Before Getting To The Closing Table Know These 8 Costs of Selling Your Home
You’ve decided to sell your home. Maybe you want to take advantage of the rapidly appreciating home values, maybe you’re starting or expanding your family and your current home just doesn’t have enough room, or maybe you’ve decided to relocate from the city to the suburbs. Whatever your reason, you’re probably wondering about the costs […]
The Pitfalls of DIY Wills: Lessons Learned from a Florida Probate Case
DIY wills are becoming more prevalent as legal services can now be accessed easily online. For better or worse, more and more people are turning to online services to meet their legal needs, maybe even you. Here’s what you need to know before you decide to create your own will, using an online service, or […]
How to Protect Your Real Estate Assets
If you own real estate, chances are you have purchased insurance to protect your assets against damage or loss. But have you taken the necessary steps to protect your assets against lawsuits or probate? If you own rental properties, there is likely a nagging fear in the back of your mind about being sued by […]
Read This Before You Buy Income Property
Have you been thinking of adding an investment property to your portfolio? Here are the top 10 issues you need to consider when becoming a landlord. Collecting a security deposit. Security deposits are a great way to encourage tenants to take care of the property, and a great way for you to be reimbursed if […]
Wire Fraud in Real Estate: Don’t Lose Tens of Thousands of Dollars to Scammers
After five weeks of working with attorneys, realtors, and your lender, you are ready to close on your very first home purchase! You wanted to avoid PMI (mortgage insurance) so you decided to put 20% of the $349,000 purchase price down…which means you need to bring $69,800 plus closing costs to the closing table. You’ve […]
English