Best Hispanic Lawyer Wilmington

Will County, IL real estate law is a very complex area that not all lawyers know about. Whether you are buying a home or trying to sell a land, or simply need to solve a problem of proximity, the assistance of an experienced Wilmington real estate transaction lawyer is important to ensure that your interests are being protected.

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At our Wilmington offices we offer you a comprehensive Spanish speaking representation in real estate law. With more than 30 years of experience and practical and innovative solutions, we have successfully represented thousands of clients throughout Illinois.

Abogados Espanoles Illinois

When you hire our Hispanic real estate attorneys in Wilmington IL, we do extensive analysis of your situation. Work together with you to know and understand your concerns so that we can present the options and / or alternatives available to you, always taking into account that our route is to obtain a positive result for you.

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Best Wilmington Spanish Speaking Lawyer

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Lawyers Fees For Real Estate Transaction

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1. Home Ownership is an Important Way to Build Wealth


Home ownership isn’t for everybody. But those who step onto the home ownership ladder steadily build wealth over their lifetime. A typical homeowner’s net worth was $195,400, while that of the typical renter was $5,400, according to 2013 data from the Federal Reserve, the most recent available. New data is expected in 2016, and Lawrence Yun, chief economist of the NATIONAL ASSOCIATION OF REALTORS®, predicts it will show $225,000 to $230,000 in median net worth for homeowners and around $5,000 for renters.


2. Owning Real Estate Can Save You Hundreds in Taxes


If sending a chunk of your hard-earned money to Uncle Sam or your local government makes you nuts, real estate is for you. When you own, you may be eligible for a slew of real estate tax deductions and credits, including state and local income and property taxes, and mortgage interest and mortgage insurance payments. At the average tax rate, real estate deductions helped taxpayers save roughly $100 billion in 2015, according to NAR analysis.


3. Buyers Who Tapped Expert Real Estate Advice Were Glad They Did


When buyers who’ve recently worked with a real estate agent were asked why they teamed up with one, more than half said it was an important step in finding the right home, according to NAR’s “2015 Profile of Home Buyers and Sellers.” Nearly four out of five consumers, 78%, say their agent was a very useful source of information.


4. Sellers Were Just as Happy They Worked with a Real Estate Pro


Your fellow consumers wholeheartedly believe it’s important to work with an agent when selling. Nearly nine out of 10 sellers, or 89%, did just that. They also reported a median gain on the sale of their home of $40,000 more than they paid for it, according to NAR’s “2015 Profile of Home Buyers and Sellers.”


5. Sellers Who Spruce Up and Declutter Their Home Draw More Interest


Staging a home makes a big difference in buyers’ ability to see its potential. Four out of five real estate agents who work exclusively with buyers say staging makes it easier for buyers to visualize themselves living in the staged home, according to NAR’s “2015 Profile of Home Staging.” A well-staged home increases the price buyers are willing offer, say almost 75% REALTORS® who were surveyed about staging.Read More In81 Staging Tips That Help Buyers Fall in LoveNearly half say staging will increase a home’s market value , and just under one-third say buyers are more willing to overlook a property’s faults when staging highlights its best features.

What Do Real Estate Lawyers Do For You?

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Illinois Residential Real Estate Attorneys


Residential real estate transactions have high stakes for both buyers and sellers. Often these transactions involve an individual or couple’s single greatest asset. Making sure that your rights and financial interests are protected when you buy or sell a house is very important. At the Law Offices, we help both buyers and sellers through the real estate process. Attorneys are knowledgeable in all areas of residential real estate law and has the experience to ensure there are no surprises in your real estate transaction.


Legal Representation for Buyers and Sellers in Illinois


Having an experienced attorney to represent you in your real estate transaction is recommended at every step of the process. From negotiating a purchase agreement through closing, experienced legal guidance can help you avoid numerous pitfalls. We work with clients of all experience levels from first time homebuyers to seasoned real estate investors offering the following real estate services:


Negotiations between buyers and sellers, Preparations of purchase and sale agreements, Review of titles, Review of purchase offers, Review of loan documents, Review of construction agreements, Assistance with title insurance, Assistance resolving title problems, Preparation of deeds, Establishment of escrow accounts, Preparation of closing documents, and Attendance at closing


We work closely with our clients to ensure you understand everything that is happening during your transaction and can make informed decisions when necessary.


If you are buying or selling a home and need experienced legal counsel to have your back, contact us to schedule a consultation.

What Is Real Estate Lawyer Salary?

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Illinois Residential Real Estate Attorneys


Residential real estate transactions have high stakes for both buyers and sellers. Often these transactions involve an individual or couple’s single greatest asset. Making sure that your rights and financial interests are protected when you buy or sell a house is very important. At the Law Offices, we help both buyers and sellers through the real estate process. Attorneys are knowledgeable in all areas of residential real estate law and has the experience to ensure there are no surprises in your real estate transaction.


Legal Representation for Buyers and Sellers in Illinois


Having an experienced attorney to represent you in your real estate transaction is recommended at every step of the process. From negotiating a purchase agreement through closing, experienced legal guidance can help you avoid numerous pitfalls. We work with clients of all experience levels from first time homebuyers to seasoned real estate investors offering the following real estate services:


Negotiations between buyers and sellers, Preparations of purchase and sale agreements, Review of titles, Review of purchase offers, Review of loan documents, Review of construction agreements, Assistance with title insurance, Assistance resolving title problems, Preparation of deeds, Establishment of escrow accounts, Preparation of closing documents, and Attendance at closing


We work closely with our clients to ensure you understand everything that is happening during your transaction and can make informed decisions when necessary.


If you are buying or selling a home and need experienced legal counsel to have your back, contact us to schedule a consultation.

Abogado Para Bienes Raices

El derecho de bienes raices es una area muy compleja que no todos los abogados conocen. Ya sea porque usted esta comprando una casa o tratando de vender un terreno, o simplemente necesita resolver un problema de colindancias, la asistencia de un abogado experimentado es importante para asegurar que sus intereses estan siendo protegidos.


Will County, IL Spanish Speaking Attorneys

Top Hispanic Attorney Shorewood

Will County, IL real estate law is a very complex area that not all lawyers know about. Whether you are buying a home or trying to sell a land, or simply need to solve a problem of proximity, the assistance of an experienced Shorewood real estate transaction lawyer is important to ensure that your interests are being protected.

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At our Shorewood offices we offer you a comprehensive Spanish speaking representation in real estate law. With more than 30 years of experience and practical and innovative solutions, we have successfully represented thousands of clients throughout Illinois.

Abogados Espanoles Illinois

When you hire our Hispanic real estate attorneys in Shorewood IL, we do extensive analysis of your situation. Work together with you to know and understand your concerns so that we can present the options and / or alternatives available to you, always taking into account that our route is to obtain a positive result for you.

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Best Shorewood Spanish Speaking Lawyer

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Are Real Estate Transaction Lawyers In Demand

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A Creative And Practical Approach To Commercial And Residential Real Estate Law


At the Chicago-area law firm of Sheehan & Associates, our real estate attorneys represent both commercial clients and individuals in all proceedings and transactions that deal with real property, both land and the structures attached to it. Our Illinois real estate lawyers handle a broad range of issues, including:



  1. Foreclosures

  2. Purchase and sale agreements

  3. Construction law and litigation

  4. Residential and commercial leases

  5. Closings

  6. Business organizations

  7. Negotiation and preparation of contracts

  8. Negotiation and processing of mortgage documents

  9. Planning and zoning

  10. Real estate tax abatements and appeals

  11. Environmental compliance

  12. Housing code violations

  13. Eminent domain

  14. Seeking Efficient Resolutions In Real Estate Litigation


Real estate disputes have the potential to drag on for great lengths of time, costing individuals and companies large sums of money. Our Illinois real estate attorneys know how to develop creative solutions to problems, with the goal of resolving disputes before they get out of hand. Staying out of court is usually more cost-effective and better for all concerned. However, there are some cases that must be put before a judge. Our team's strong trial skills are an asset to our clients in real estate litigation over:



  • Fraud, nondisclosure and breach of contract

  • Boundary disputes, easements and adverse possession

  • Commercial and residential landlord-tenant disputes

  • Title disputes and quiet title actions

What Do Real Estate Lawyers Charge?

residential real estate attorney

A Creative And Practical Approach To Commercial And Residential Real Estate Law


At the Chicago-area law firm of Sheehan & Associates, our real estate attorneys represent both commercial clients and individuals in all proceedings and transactions that deal with real property, both land and the structures attached to it. Our Illinois real estate lawyers handle a broad range of issues, including:



  1. Foreclosures

  2. Purchase and sale agreements

  3. Construction law and litigation

  4. Residential and commercial leases

  5. Closings

  6. Business organizations

  7. Negotiation and preparation of contracts

  8. Negotiation and processing of mortgage documents

  9. Planning and zoning

  10. Real estate tax abatements and appeals

  11. Environmental compliance

  12. Housing code violations

  13. Eminent domain

  14. Seeking Efficient Resolutions In Real Estate Litigation


Real estate disputes have the potential to drag on for great lengths of time, costing individuals and companies large sums of money. Our Illinois real estate attorneys know how to develop creative solutions to problems, with the goal of resolving disputes before they get out of hand. Staying out of court is usually more cost-effective and better for all concerned. However, there are some cases that must be put before a judge. Our team's strong trial skills are an asset to our clients in real estate litigation over:



  • Fraud, nondisclosure and breach of contract

  • Boundary disputes, easements and adverse possession

  • Commercial and residential landlord-tenant disputes

  • Title disputes and quiet title actions

Who's Who Real Estate Lawyers?

realestate lawyers

What Does A Real Estate Lawyer Do For The Seller?


At the Law Office, we are committed to providing solutions for individuals and businesses in all aspects of real estate and property law. You need an experienced real estate lawyer guiding you through the process to ensure your rights are fully protected.


Handling Residential & Commercial Real Estate Issues


Whether you are buying and selling real estate or need a skilled litigator to make sure your rights are protected, we can help you. We handle a wide variety of real estate law-related issues, including:



  • Purchase Agreements

  • Closing Representation

  • Title and Title Insurance

  • Easements

  • Boundary Disputes

  • Contracting

  • Construction & Mechanic’s Liens

  • Landlord Tenant Disputes

  • Evictions

  • Breach of Contract

  • Quiet Title Actions

  • Insurance Issues

  • Mortgage Foreclosures

  • Land contract forfeiture

  • Loan Modifications (Workouts)

  • Short Sales


When it comes to real estate, the needs of businesses can vary quite drastically from the needs of individuals. Our attorney knows how to assist everyone from a first time home buyer to real estate developers to businesses looking for legal counsel. No matter what you need help with, you can count on us.


From the most basic issues, such as commercial leases, to complex real estate litigation, our experience means we can provide you with the guidance you need.


Real Estate Litigation: Too Much is at Stake


Real estate transactions commonly deal with large sums of money and can often involve your most valuable asset. Disputes involving real estate can quickly become emotionally charged and complicated. Whether your issue is with a contractor, buyer, neighbor or realtor, our experienced attorney is ready to provide you with the sound legal counsel and skilled representation you need to put it behind you. If a courtroom battle becomes necessary, we will aggressively protect your interests.

Abogado Para Bienes Raices

El derecho de bienes raices es una area muy compleja que no todos los abogados conocen. Ya sea porque usted esta comprando una casa o tratando de vender un terreno, o simplemente necesita resolver un problema de colindancias, la asistencia de un abogado experimentado es importante para asegurar que sus intereses estan siendo protegidos.


Will County, IL Spanish Speaking Attorneys

Spanish Speaking Lawyer Romeoville

Will County, IL real estate law is a very complex area that not all lawyers know about. Whether you are buying a home or trying to sell a land, or simply need to solve a problem of proximity, the assistance of an experienced Romeoville real estate transaction lawyer is important to ensure that your interests are being protected.

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At our Romeoville offices we offer you a comprehensive Spanish speaking representation in real estate law. With more than 30 years of experience and practical and innovative solutions, we have successfully represented thousands of clients throughout Illinois.

Abogados Espanoles Illinois

When you hire our Hispanic real estate attorneys in Romeoville IL, we do extensive analysis of your situation. Work together with you to know and understand your concerns so that we can present the options and / or alternatives available to you, always taking into account that our route is to obtain a positive result for you.

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Best Romeoville Best Hispanic Lawyer

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What Does A Real Estate Lawyer Do For The Seller?

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With one of the largest collections of practitioners in the Midwest, together with added depth from lawyers in our coast-to-coast network of offices, Our Real Estate practice is consistently recognized as one of the nation’s leading practices. We regularly garner high rankings from Chambers USA.


Our experienced real estate team fully understands the often complex and competing interests in real estate transactions and disputes. Clients benefit not only from our business-minded approach to handling these matters, but also from efficient and cost-effective representation. From planning to execution, our real estate practitioners apply new ideas and forward thinking techniques to solve the most sophisticated client issues. We carefully consider appropriate staffing in each matter—both by specialty and level of experience—to bring a diverse perspective to every engagement. We also leverage the experience and insight of our colleagues who practice in other areas, such as in corporate, tax, construction, environmental and employment law, in a way that enhances efficiency while keeping our clients’ objectives in mind.


Our real estate lawyers provide personalized service and practical advice to a broad client roster—including owners, lenders, developers, corporate users, tenants, receivers, investors, local government agencies, contractors, architects and property managers—both corporate and private, both large and small. For these and other clients, our representation covers, in depth, all aspects of real estate law, including without limitation, the following highlighted areas: affordable housing and community development; development; land use and zoning; leasing and property management; finance; tax incentives and economic development; workouts and water rights.


Real Estate Litigation and Transactions


Commercial property owners, landlords, residential property investors, homeowner associations, individuals and other parties throughout the Chicago area rely on us for quality advice and representation.


When disputes arise concerning title issues, breach of contract, commercial leases or other matters, we respond with vigorous representation. We seek to achieve our clients' goals in a timely, efficient and cost-effective manner, while protecting their rights and interests. In addition, we facilitate property transactions of all types and provide services to help our clients maximize the value of their holdings.


Estate Planning, Probate and Estate Litigation


Our firm provides comprehensive services in the areas of estate planning, elder law and probate administration. We work hard to help our clients gain peace of mind, provide for their families, and protect their assets.


We provide results-oriented representation in matters involving will contests, trust disputes, probate disputes, contested guardianships and conservatorships, and breach of fiduciary duty. With years of experience handling complex estate litigation cases, we have the investigative resources and advocacy skills you need.


 

How Do Real Estate Lawyers Get Paid?

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A Creative And Practical Approach To Commercial And Residential Real Estate Law


At the Chicago-area law firm of Sheehan & Associates, our real estate attorneys represent both commercial clients and individuals in all proceedings and transactions that deal with real property, both land and the structures attached to it. Our Illinois real estate lawyers handle a broad range of issues, including:



  1. Foreclosures

  2. Purchase and sale agreements

  3. Construction law and litigation

  4. Residential and commercial leases

  5. Closings

  6. Business organizations

  7. Negotiation and preparation of contracts

  8. Negotiation and processing of mortgage documents

  9. Planning and zoning

  10. Real estate tax abatements and appeals

  11. Environmental compliance

  12. Housing code violations

  13. Eminent domain

  14. Seeking Efficient Resolutions In Real Estate Litigation


Real estate disputes have the potential to drag on for great lengths of time, costing individuals and companies large sums of money. Our Illinois real estate attorneys know how to develop creative solutions to problems, with the goal of resolving disputes before they get out of hand. Staying out of court is usually more cost-effective and better for all concerned. However, there are some cases that must be put before a judge. Our team's strong trial skills are an asset to our clients in real estate litigation over:



  • Fraud, nondisclosure and breach of contract

  • Boundary disputes, easements and adverse possession

  • Commercial and residential landlord-tenant disputes

  • Title disputes and quiet title actions

What Do Real Estate Lawyers Do For You?

residential real estate lawyers

Real estate attorneys deal with the many laws and practice areas associated with land ownership issues. For example, a commercial real estate attorney knows which laws apply to commercial transactions for construction/development projects (such as condo construction), or land use/zoning projects (such as subdividing a parcel of land for development), or real property issues (such as financing a large land purchase). Likewise, residential real estate lawyers help you buy a home, or prevent you from losing your home in foreclosure. They also know how residential tenancy laws work and can advise you of your rights as a tenant. With so many types of real estate attorneys, it is important to find a specialist who does the work you need.

Abogado Para Bienes Raices

El derecho de bienes raices es una area muy compleja que no todos los abogados conocen. Ya sea porque usted esta comprando una casa o tratando de vender un terreno, o simplemente necesita resolver un problema de colindancias, la asistencia de un abogado experimentado es importante para asegurar que sus intereses estan siendo protegidos.


Will County, IL Spanish Speaking Attorneys

Hispanic Attorney Plainfield

Will County, IL real estate law is a very complex area that not all lawyers know about. Whether you are buying a home or trying to sell a land, or simply need to solve a problem of proximity, the assistance of an experienced Plainfield real estate transaction lawyer is important to ensure that your interests are being protected.

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At our Plainfield offices we offer you a comprehensive Spanish speaking representation in real estate law. With more than 30 years of experience and practical and innovative solutions, we have successfully represented thousands of clients throughout Illinois.

Abogados Espanoles Illinois

When you hire our Hispanic real estate attorneys in Plainfield IL, we do extensive analysis of your situation. Work together with you to know and understand your concerns so that we can present the options and / or alternatives available to you, always taking into account that our route is to obtain a positive result for you.

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Best Plainfield Hispanic Attorney

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Why Become A Real Estate Lawyer?

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What Does A Real Estate Lawyer Do For The Seller?


At the Law Office, we are committed to providing solutions for individuals and businesses in all aspects of real estate and property law. You need an experienced real estate lawyer guiding you through the process to ensure your rights are fully protected.


Handling Residential & Commercial Real Estate Issues


Whether you are buying and selling real estate or need a skilled litigator to make sure your rights are protected, we can help you. We handle a wide variety of real estate law-related issues, including:



  • Purchase Agreements

  • Closing Representation

  • Title and Title Insurance

  • Easements

  • Boundary Disputes

  • Contracting

  • Construction & Mechanic’s Liens

  • Landlord Tenant Disputes

  • Evictions

  • Breach of Contract

  • Quiet Title Actions

  • Insurance Issues

  • Mortgage Foreclosures

  • Land contract forfeiture

  • Loan Modifications (Workouts)

  • Short Sales


When it comes to real estate, the needs of businesses can vary quite drastically from the needs of individuals. Our attorney knows how to assist everyone from a first time home buyer to real estate developers to businesses looking for legal counsel. No matter what you need help with, you can count on us.


From the most basic issues, such as commercial leases, to complex real estate litigation, our experience means we can provide you with the guidance you need.


Real Estate Litigation: Too Much is at Stake


Real estate transactions commonly deal with large sums of money and can often involve your most valuable asset. Disputes involving real estate can quickly become emotionally charged and complicated. Whether your issue is with a contractor, buyer, neighbor or realtor, our experienced attorney is ready to provide you with the sound legal counsel and skilled representation you need to put it behind you. If a courtroom battle becomes necessary, we will aggressively protect your interests.

Why Do I Need A Real Estate Lawyer?

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What is the difference between a General Warranty Deed, Special (Limited) Warranty Deed, and Quit Claim Deed?



  1. General Warranty Deed.  A general warranty deed guarantees the grantor’s good title before the conveyance, and that warranty continues after the conveyance.  The usual guarantees or warranties by the seller are: good title, freedom from encumbrance other than as specifically identified, and right of possession to the buyer as against all others.  The warranty includes any claims arising during or prior to the grantor’s ownership.


  2. Special (or Limited) Warranty Deed.  A special warranty deed, sometimes referred to as a limited warranty deed (and some states may have a different name for this form of deed), provides less extensive warranties than the grantee receives from a general warranty deed.  Under a special warranty deed, the grantor warrants only against claims arising during the period of the grantor ownership but does not warrant against any claims arising prior to the grantor’s ownership of the property.


  3. Quit Claim Deed.  A quit claim deed contains no warranties of any kind and conveys only the interest, if any, held by the grantor (for example, if the grantor actually had no interest to convey, the quitclaim deed would not vest any ownership in the grantee).  The quit-claim deed is not typically used for residential real estate purchase transactions.


  4. Sheriff’s Deed.  A sheriff’s deed is a deed granted at the end of a mortgage foreclosure, in which the sheriff, under the order of the court in the foreclosure case, grants ownership of the property to the successful bidder at the sheriff’s sale.  These deeds are quitclaim deeds and carry no warranty because the bidder at the sheriff’s sale takes title “subject to all legal encumbrances”  including any flaws in the foreclosure procedure.


  5. Fiduciary Deed.  A fiduciary deed is a deed granted by a trustee or other fiduciary (often a court-appointed individual or entity) who conveys title to property pursuant to that grantor’s authority under a trust agreement or as the result of a court-supervised proceeding.

Real Estate Transaction Lawyer For Closing

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Illinois Residential Real Estate Attorneys


Residential real estate transactions have high stakes for both buyers and sellers. Often these transactions involve an individual or couple’s single greatest asset. Making sure that your rights and financial interests are protected when you buy or sell a house is very important. At the Law Offices, we help both buyers and sellers through the real estate process. Attorneys are knowledgeable in all areas of residential real estate law and has the experience to ensure there are no surprises in your real estate transaction.


Legal Representation for Buyers and Sellers in Illinois


Having an experienced attorney to represent you in your real estate transaction is recommended at every step of the process. From negotiating a purchase agreement through closing, experienced legal guidance can help you avoid numerous pitfalls. We work with clients of all experience levels from first time homebuyers to seasoned real estate investors offering the following real estate services:


Negotiations between buyers and sellers, Preparations of purchase and sale agreements, Review of titles, Review of purchase offers, Review of loan documents, Review of construction agreements, Assistance with title insurance, Assistance resolving title problems, Preparation of deeds, Establishment of escrow accounts, Preparation of closing documents, and Attendance at closing


We work closely with our clients to ensure you understand everything that is happening during your transaction and can make informed decisions when necessary.


If you are buying or selling a home and need experienced legal counsel to have your back, contact us to schedule a consultation.

Abogado Para Bienes Raices

El derecho de bienes raices es una area muy compleja que no todos los abogados conocen. Ya sea porque usted esta comprando una casa o tratando de vender un terreno, o simplemente necesita resolver un problema de colindancias, la asistencia de un abogado experimentado es importante para asegurar que sus intereses estan siendo protegidos.


Will County, IL Spanish Speaking Attorneys

Top Hispanic Attorney Peotone

Will County, IL real estate law is a very complex area that not all lawyers know about. Whether you are buying a home or trying to sell a land, or simply need to solve a problem of proximity, the assistance of an experienced Peotone real estate transaction lawyer is important to ensure that your interests are being protected.

real estate lawyer career

At our Peotone offices we offer you a comprehensive Spanish speaking representation in real estate law. With more than 30 years of experience and practical and innovative solutions, we have successfully represented thousands of clients throughout Illinois.

Abogados Espanoles Illinois

When you hire our Hispanic real estate attorneys in Peotone IL, we do extensive analysis of your situation. Work together with you to know and understand your concerns so that we can present the options and / or alternatives available to you, always taking into account that our route is to obtain a positive result for you.

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Best Peotone Best Hispanic Lawyer

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Real Estate Transaction Lawyer For Foreclosure

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What is the difference between a General Warranty Deed, Special (Limited) Warranty Deed, and Quit Claim Deed?



  1. General Warranty Deed.  A general warranty deed guarantees the grantor’s good title before the conveyance, and that warranty continues after the conveyance.  The usual guarantees or warranties by the seller are: good title, freedom from encumbrance other than as specifically identified, and right of possession to the buyer as against all others.  The warranty includes any claims arising during or prior to the grantor’s ownership.


  2. Special (or Limited) Warranty Deed.  A special warranty deed, sometimes referred to as a limited warranty deed (and some states may have a different name for this form of deed), provides less extensive warranties than the grantee receives from a general warranty deed.  Under a special warranty deed, the grantor warrants only against claims arising during the period of the grantor ownership but does not warrant against any claims arising prior to the grantor’s ownership of the property.


  3. Quit Claim Deed.  A quit claim deed contains no warranties of any kind and conveys only the interest, if any, held by the grantor (for example, if the grantor actually had no interest to convey, the quitclaim deed would not vest any ownership in the grantee).  The quit-claim deed is not typically used for residential real estate purchase transactions.


  4. Sheriff’s Deed.  A sheriff’s deed is a deed granted at the end of a mortgage foreclosure, in which the sheriff, under the order of the court in the foreclosure case, grants ownership of the property to the successful bidder at the sheriff’s sale.  These deeds are quitclaim deeds and carry no warranty because the bidder at the sheriff’s sale takes title “subject to all legal encumbrances”  including any flaws in the foreclosure procedure.


  5. Fiduciary Deed.  A fiduciary deed is a deed granted by a trustee or other fiduciary (often a court-appointed individual or entity) who conveys title to property pursuant to that grantor’s authority under a trust agreement or as the result of a court-supervised proceeding.

Why Do I Need A Real Estate Lawyer?

what is a property law

What Does A Real Estate Lawyer Do For The Seller?


At the Law Office, we are committed to providing solutions for individuals and businesses in all aspects of real estate and property law. You need an experienced real estate lawyer guiding you through the process to ensure your rights are fully protected.


Handling Residential & Commercial Real Estate Issues


Whether you are buying and selling real estate or need a skilled litigator to make sure your rights are protected, we can help you. We handle a wide variety of real estate law-related issues, including:



  • Purchase Agreements

  • Closing Representation

  • Title and Title Insurance

  • Easements

  • Boundary Disputes

  • Contracting

  • Construction & Mechanic’s Liens

  • Landlord Tenant Disputes

  • Evictions

  • Breach of Contract

  • Quiet Title Actions

  • Insurance Issues

  • Mortgage Foreclosures

  • Land contract forfeiture

  • Loan Modifications (Workouts)

  • Short Sales


When it comes to real estate, the needs of businesses can vary quite drastically from the needs of individuals. Our attorney knows how to assist everyone from a first time home buyer to real estate developers to businesses looking for legal counsel. No matter what you need help with, you can count on us.


From the most basic issues, such as commercial leases, to complex real estate litigation, our experience means we can provide you with the guidance you need.


Real Estate Litigation: Too Much is at Stake


Real estate transactions commonly deal with large sums of money and can often involve your most valuable asset. Disputes involving real estate can quickly become emotionally charged and complicated. Whether your issue is with a contractor, buyer, neighbor or realtor, our experienced attorney is ready to provide you with the sound legal counsel and skilled representation you need to put it behind you. If a courtroom battle becomes necessary, we will aggressively protect your interests.

When To Get Real Estate Transaction Lawyer

realty attorneys

There’s a ton of real estate intel on the interwebs. (Why, you’re looking at some of it right now!) But even if you consider yourself the most research-savvy digital consumer of all time, you may not know everything you need to make the wisest decisions when negotiating a real estate transaction.


Maybe you’re already familiar with real estate terms like “escrow” and “easement.” But we’re not just talking about a few words that test your real estate vocabulary. We’re talking about processing the bazillions of details you’ll deal with to buy or sell a home.

Here’s a quick list of things you may not already know that could put, or keep, money in your wallet while you’re in the real estate game.


Have you purchased a property before? Or are you a landlord that is sometimes stressed out with your tenants? Find out what are the things that you can possibly do.


The government has never been deaf to the needs of the tenants and even owners of some expensive properties in the State. That is why, the Real Estate Law has been implemented.


It is not a secret from us that the legalities involved in purchasing or renting a property is very complex. That is why many have not fought a good fight since they are not aware of their rights. Yes, it is a good idea that one must hire a lawyer for him to have a guide on what’s the best move in the issues about real estate. However, many real estate owners are not well aware of where and how they can find the best lawyer for them; while others are also afraid to entrust to a newly known lawyer the confidential matters regarding the property. Well, others have suggested that you can find one in the country law firms since they are expected that they can surely manage the case, given the experience and their membership in the firm. Thus, whether a lawyer is around or not, the real estate property owner must be aware of his rights and limitations. This means that he himself must also study the Real Estate Law. The usual problems that they are facing are focused on trespassing, frauds, foreclosures and many other legal issues.

Abogado Para Bienes Raices

El derecho de bienes raices es una area muy compleja que no todos los abogados conocen. Ya sea porque usted esta comprando una casa o tratando de vender un terreno, o simplemente necesita resolver un problema de colindancias, la asistencia de un abogado experimentado es importante para asegurar que sus intereses estan siendo protegidos.


Will County, IL Spanish Speaking Attorneys

Spanish Speaking Lawyer Orland Park

Will County, IL real estate law is a very complex area that not all lawyers know about. Whether you are buying a home or trying to sell a land, or simply need to solve a problem of proximity, the assistance of an experienced Orland Park real estate transaction lawyer is important to ensure that your interests are being protected.

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At our Orland Park offices we offer you a comprehensive Spanish speaking representation in real estate law. With more than 30 years of experience and practical and innovative solutions, we have successfully represented thousands of clients throughout Illinois.

Abogados Espanoles Illinois

When you hire our Hispanic real estate attorneys in Orland Park IL, we do extensive analysis of your situation. Work together with you to know and understand your concerns so that we can present the options and / or alternatives available to you, always taking into account that our route is to obtain a positive result for you.

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Best Orland Park Top Hispanic Attorney

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When Do I Need A Real Estate Lawyer?

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What is the difference between a mortgage and a deed of trust?


A mortgage is a document that encumbers real property as security for the payment of a debt or other obligation. The term "mortgage" refers to the document that creates the lien on real estate and is recorded in the local office of deed records to provide notice of the lien secured by the creditor. The creditor or lender, also called either mortgagee (in a mortgage) or beneficiary (in a deed of trust), is the owner of the debt or other obligation secured by the mortgage. The debtor or borrower, also called the mortgagor (in a mortgage) or obligor (in a deed of trust), is the person or entity who owes the debt or other obligation secured by the mortgage and owns the real property which is the subject of the loan.


In almost all cases, the law of the state in which the property is located dictates whether a mortgage or deed of trust can be used. Although a deed of trust securing real property under a debt serves the same purpose and performs the same function as a mortgage, there are technical and substantive differences between the two. A deed of trust is executed by the debtor and property owner, to a disinterested third person identified as a trustee, who holds the ownership of the property in trust for the creditor; whereas, when a mortgage is used, title to the collateral remains in the debtor, and the mortgage creates a lien on the real estate in favor of the creditor. In some jurisdictions, the deed of trust enables the trustee to obtain possession of the real property without a foreclosure and sale, while others treat a deed of trust just like a mortgage. In the latter jurisdictions, the deed of trust is governed by the law applicable to mortgages. The deed of trust requires the trustee to reconvey the property back to the debtor when the debt has been paid in full. Assignment of the creditor’s interest does not result in a change of trustee; instead, only the note or other evidence of debt is transferred and the new owner of the loan acquires the prior lender’s beneficial interest in the trust.


What is commercial financing in general?


Financing a property is the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full price in cash up front from their own accounts at the time of the purchase. Financing for non-residential real estate is generally obtained from a bank, insurance company or other institutional lender to provide funds for the acquisition, development, and operation of a commercial real estate venture. Commercial financing loans are secured primarily by real estate and related assets owned by the debtor. Assets used to collateralize commercial finance loans, aside from the real estate, may include fixtures, equipment, bank and/or trade accounts, receivables, inventory, general intangibles, and supplies. Documents evidencing and securing the loan typically include: loan agreements, promissory notes, mortgages or deeds of trust, assignments of rents and leases, financing statements, environmental indemnity agreements, guaranties, subordination, non-disturbance and attornment agreements, estoppel certificates, and other ancillary documents.

Are Real Estate Attorney Fees Tax Deductible

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We Tackle The Full Scope Of Real Estate Law Needs


Real estate transactions can be complex. It is critical to understand the terms of any real estate contract in order to avoid liability and potential legal action in the future, but the wording of most purchase and sales agreements is anything but clear.


At our firm we represent clients involved in residential and commercial real estate matters. Whether you are preparing to buy or sell real estate, or you find yourself in the midst of a lawsuit, we have the experience and skill required to represent you in even the most complex real estate issues.Contact us online or call to arrange a free initial consultation with a real estate attorney in Illinois. We represent clients in Chicago and throughout the state. The Savings Provided By Smart Legal Guidance Pays For Itself.


When you are dealing with such a major investment, an experienced attorney can save you time, money and future disputes. At Ihrie O'Brien, our lawyers offer a wide range of real estate services, including:



  • Real estate closings

  • Real estate contracts

  • Land use and zoning issues

  • Leases

  • Land contracts

  • Landlord/tenant disputes

  • Real estate document review

  • Purchase offers

  • Title disputes

  • Property encroachment disputes

  • Lot line/boundary disputes

  • Fence disputes

  • Condemnation

  • Contamination and other environmental issues


The Real Estate Law is the governing law that protects the rights of the landlord who has been suffering from a hard headed tenant. For instance, the tenant is purposely denying his rental fee, the law can help him. However, this goes on saying that the law is never unfair. The law is also concerned with the rights of the tenants. Yes, the law states clearly what the things that the tenants can do and their limitations since they are just renting a house or an apartment. But if the landlord comes out of bounds, the law entitles the tenant to use his rights. Oftentimes, landlords allow illegal matters to be done in the apartment and so other tenants can report this to the authorities since they are protected by the law.


Moreover, the Real Estate Law states the rights and limitations of the agents. If you want to be a property agent of a Realtor, then you have to start working on your homework now since it will not be very easy for you. You cannot go directly to your prospects in the business and talk about the property; and if you are lucky enough, sell it directly. According to the Real Estate Law, a person must pass the screening and examination stage before he can become a licensed Realtor. It must also be remembered that there are little variations of this law depending on the State that you are in. So, you better research about it now.

What Real Estate Lawyer Does?

what do real estate lawyers do

A Real Estate transaction has a lot of paperwork and legal documentation needed to be read and done. Not all real estate agents and sometimes company will discuss to their clients the lengthy terms and conditions of each deals. Most victims of real estate scams and frauds handled the transaction and transfers by themselves and have suffered harsh consequences. It is better to start any transactions with legal papers with a reliable lawyer who is knowledgeable in every nooks and cranny of the real estate industry. These kind of legal aid is what we call real estate lawyers. But, what are they really and what will they do for you? A Real Estate lawyers' basic job is to read, understand and summarize legal agreements for you.


If you are purchasing, real estate lawyer duties are:



  • Review of the Agreement of Purchase and Sale and Status Certificate where applicable

  • Arrange and review land title search

  • Request other required searches

  • Obtain information regarding satisfaction of conditions/deliverables

  • Request and obtain title insurance

  • Prepare and register transfer

  • Prepare and register charge for client and lender



  • Receive mortgage funds and rest of closing funds in trust

  • Receive keys and deliver to client once released, release closing funds

  • Report to Lender and to client

  • Advise municipality of change in ownership


If you are selling, real estate duties are:



  • Obtain property tax information from client or from City

  • Receive, review and respond to requisitions

  • Obtain mortgage pay out statement if there is a mortgage

  • Review and release transfer

  • Pay out existing Charge

  • Attend with client for review and execution of closing documents and obtain keys from client

  • Receive closing funds in trust and pay out existing encumbrances and real estate commissions

  • Deliver key to Purchaser and release keys

  • Discharge existing mortgage

  • Advise municipality of change in ownership


The most important job a real estate lawyer does for you is to protect from you fraudulent transactions and other scams. If a transaction goes haywire it is their duty to go to court to file legal complaints.


It is really necessary to have a real estate lawyer to back you up in all your property deals but it is your job to inspect the credentials and reliability of the real estate lawyer you want to employ.

Abogado Para Bienes Raices

El derecho de bienes raices es una area muy compleja que no todos los abogados conocen. Ya sea porque usted esta comprando una casa o tratando de vender un terreno, o simplemente necesita resolver un problema de colindancias, la asistencia de un abogado experimentado es importante para asegurar que sus intereses estan siendo protegidos.


Will County, IL Spanish Speaking Attorneys

Spanish Speaking Lawyer New Lenox

Will County, IL real estate law is a very complex area that not all lawyers know about. Whether you are buying a home or trying to sell a land, or simply need to solve a problem of proximity, the assistance of an experienced New Lenox real estate transaction lawyer is important to ensure that your interests are being protected.

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At our New Lenox offices we offer you a comprehensive Spanish speaking representation in real estate law. With more than 30 years of experience and practical and innovative solutions, we have successfully represented thousands of clients throughout Illinois.

Abogados Espanoles Illinois

When you hire our Hispanic real estate attorneys in New Lenox IL, we do extensive analysis of your situation. Work together with you to know and understand your concerns so that we can present the options and / or alternatives available to you, always taking into account that our route is to obtain a positive result for you.

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Best New Lenox Spanish Speaking Lawyer

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When To Get Real Estate Transaction Lawyer

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What is the difference between a General Warranty Deed, Special (Limited) Warranty Deed, and Quit Claim Deed?



  1. General Warranty Deed.  A general warranty deed guarantees the grantor’s good title before the conveyance, and that warranty continues after the conveyance.  The usual guarantees or warranties by the seller are: good title, freedom from encumbrance other than as specifically identified, and right of possession to the buyer as against all others.  The warranty includes any claims arising during or prior to the grantor’s ownership.


  2. Special (or Limited) Warranty Deed.  A special warranty deed, sometimes referred to as a limited warranty deed (and some states may have a different name for this form of deed), provides less extensive warranties than the grantee receives from a general warranty deed.  Under a special warranty deed, the grantor warrants only against claims arising during the period of the grantor ownership but does not warrant against any claims arising prior to the grantor’s ownership of the property.


  3. Quit Claim Deed.  A quit claim deed contains no warranties of any kind and conveys only the interest, if any, held by the grantor (for example, if the grantor actually had no interest to convey, the quitclaim deed would not vest any ownership in the grantee).  The quit-claim deed is not typically used for residential real estate purchase transactions.


  4. Sheriff’s Deed.  A sheriff’s deed is a deed granted at the end of a mortgage foreclosure, in which the sheriff, under the order of the court in the foreclosure case, grants ownership of the property to the successful bidder at the sheriff’s sale.  These deeds are quitclaim deeds and carry no warranty because the bidder at the sheriff’s sale takes title “subject to all legal encumbrances”  including any flaws in the foreclosure procedure.


  5. Fiduciary Deed.  A fiduciary deed is a deed granted by a trustee or other fiduciary (often a court-appointed individual or entity) who conveys title to property pursuant to that grantor’s authority under a trust agreement or as the result of a court-supervised proceeding.

When To Call A Real Estate Transaction Lawyer

realestate lawer

There’s a ton of real estate intel on the interwebs. (Why, you’re looking at some of it right now!) But even if you consider yourself the most research-savvy digital consumer of all time, you may not know everything you need to make the wisest decisions when negotiating a real estate transaction.


Maybe you’re already familiar with real estate terms like “escrow” and “easement.” But we’re not just talking about a few words that test your real estate vocabulary. We’re talking about processing the bazillions of details you’ll deal with to buy or sell a home.

Here’s a quick list of things you may not already know that could put, or keep, money in your wallet while you’re in the real estate game.


Have you purchased a property before? Or are you a landlord that is sometimes stressed out with your tenants? Find out what are the things that you can possibly do.


The government has never been deaf to the needs of the tenants and even owners of some expensive properties in the State. That is why, the Real Estate Law has been implemented.


It is not a secret from us that the legalities involved in purchasing or renting a property is very complex. That is why many have not fought a good fight since they are not aware of their rights. Yes, it is a good idea that one must hire a lawyer for him to have a guide on what’s the best move in the issues about real estate. However, many real estate owners are not well aware of where and how they can find the best lawyer for them; while others are also afraid to entrust to a newly known lawyer the confidential matters regarding the property. Well, others have suggested that you can find one in the country law firms since they are expected that they can surely manage the case, given the experience and their membership in the firm. Thus, whether a lawyer is around or not, the real estate property owner must be aware of his rights and limitations. This means that he himself must also study the Real Estate Law. The usual problems that they are facing are focused on trespassing, frauds, foreclosures and many other legal issues.

Lawyers Fees For Real Estate Transaction

what is a real estate lawyer

What Does A Real Estate Lawyer Do For The Seller?


At the Law Office, we are committed to providing solutions for individuals and businesses in all aspects of real estate and property law. You need an experienced real estate lawyer guiding you through the process to ensure your rights are fully protected.


Handling Residential & Commercial Real Estate Issues


Whether you are buying and selling real estate or need a skilled litigator to make sure your rights are protected, we can help you. We handle a wide variety of real estate law-related issues, including:



  • Purchase Agreements

  • Closing Representation

  • Title and Title Insurance

  • Easements

  • Boundary Disputes

  • Contracting

  • Construction & Mechanic’s Liens

  • Landlord Tenant Disputes

  • Evictions

  • Breach of Contract

  • Quiet Title Actions

  • Insurance Issues

  • Mortgage Foreclosures

  • Land contract forfeiture

  • Loan Modifications (Workouts)

  • Short Sales


When it comes to real estate, the needs of businesses can vary quite drastically from the needs of individuals. Our attorney knows how to assist everyone from a first time home buyer to real estate developers to businesses looking for legal counsel. No matter what you need help with, you can count on us.


From the most basic issues, such as commercial leases, to complex real estate litigation, our experience means we can provide you with the guidance you need.


Real Estate Litigation: Too Much is at Stake


Real estate transactions commonly deal with large sums of money and can often involve your most valuable asset. Disputes involving real estate can quickly become emotionally charged and complicated. Whether your issue is with a contractor, buyer, neighbor or realtor, our experienced attorney is ready to provide you with the sound legal counsel and skilled representation you need to put it behind you. If a courtroom battle becomes necessary, we will aggressively protect your interests.

Abogado Para Bienes Raices

El derecho de bienes raices es una area muy compleja que no todos los abogados conocen. Ya sea porque usted esta comprando una casa o tratando de vender un terreno, o simplemente necesita resolver un problema de colindancias, la asistencia de un abogado experimentado es importante para asegurar que sus intereses estan siendo protegidos.


Will County, IL Spanish Speaking Attorneys

Spanish Speaking Lawyer Monee

Will County, IL real estate law is a very complex area that not all lawyers know about. Whether you are buying a home or trying to sell a land, or simply need to solve a problem of proximity, the assistance of an experienced Monee real estate transaction lawyer is important to ensure that your interests are being protected.

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At our Monee offices we offer you a comprehensive Spanish speaking representation in real estate law. With more than 30 years of experience and practical and innovative solutions, we have successfully represented thousands of clients throughout Illinois.

Abogados Espanoles Illinois

When you hire our Hispanic real estate attorneys in Monee IL, we do extensive analysis of your situation. Work together with you to know and understand your concerns so that we can present the options and / or alternatives available to you, always taking into account that our route is to obtain a positive result for you.

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Best Monee Spanish Speaking Lawyer

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Real Estate Attorney Vs Broker

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Handling all Legal Issues Throughout Your Real Estate Transaction


We are devoted to making every commercial real estate transaction a success for property investors. Our focus is on handling all issues related to your real estate transaction, from purchase agreements to property developments to financing workouts. Our attorneys will work closely with you to develop a creative and effective strategy to not only protect your short-term goals, but also to make sure that those goals are aimed at maximizing your long-term success.


Strong Real Estate Legal Representation Throughout Illinois


Since 1979, the law firm has provided strong representation to businesses in Chicago and the surrounding parts Illinois and throughout the United States. We represent respected companies seeking new sites, real estate developers, real estate owners and lenders, as well as real estate operators and managers.


We handle all commercial real estate matters, from the purchase of small owner-occupied industrial buildings to the development of sophisticated multitenant office parks. Our attorneys have dealt with mobile home park communities, apartment complexes, shopping malls, condominiums, retail stores and much more.


Our team can represent you throughout all phases of a commercial real estate transaction, including, but limited to:



  • Negotiation and preparation of sale/purchase agreements (buy/sell agreements)

  • Financing and refinancing

  • Syndication/raising equity capital

  • Land use planning and development

  • Closing documentation

  • Title issues

  • Foreclosures

  • Lender workouts


We can also help with construction disputes and environmental law matters, such as wetlands regulatory issues involving the Illinois Department of Environmental Quality or the United States Army Corps of Engineers. We understand the amount of time and money invested in your real estate transaction. Our lawyers will work to maximize the success of your business and real estate investment.


 

When To Get Real Estate Transaction Lawyer

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Handling all Legal Issues Throughout Your Real Estate Transaction


We are devoted to making every commercial real estate transaction a success for property investors. Our focus is on handling all issues related to your real estate transaction, from purchase agreements to property developments to financing workouts. Our attorneys will work closely with you to develop a creative and effective strategy to not only protect your short-term goals, but also to make sure that those goals are aimed at maximizing your long-term success.


Strong Real Estate Legal Representation Throughout Illinois


Since 1979, the law firm has provided strong representation to businesses in Chicago and the surrounding parts Illinois and throughout the United States. We represent respected companies seeking new sites, real estate developers, real estate owners and lenders, as well as real estate operators and managers.


We handle all commercial real estate matters, from the purchase of small owner-occupied industrial buildings to the development of sophisticated multitenant office parks. Our attorneys have dealt with mobile home park communities, apartment complexes, shopping malls, condominiums, retail stores and much more.


Our team can represent you throughout all phases of a commercial real estate transaction, including, but limited to:



  • Negotiation and preparation of sale/purchase agreements (buy/sell agreements)

  • Financing and refinancing

  • Syndication/raising equity capital

  • Land use planning and development

  • Closing documentation

  • Title issues

  • Foreclosures

  • Lender workouts


We can also help with construction disputes and environmental law matters, such as wetlands regulatory issues involving the Illinois Department of Environmental Quality or the United States Army Corps of Engineers. We understand the amount of time and money invested in your real estate transaction. Our lawyers will work to maximize the success of your business and real estate investment.


 

Who Pays Real Estate Attorney Fees?

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1. Home Ownership is an Important Way to Build Wealth


Home ownership isn’t for everybody. But those who step onto the home ownership ladder steadily build wealth over their lifetime. A typical homeowner’s net worth was $195,400, while that of the typical renter was $5,400, according to 2013 data from the Federal Reserve, the most recent available. New data is expected in 2016, and Lawrence Yun, chief economist of the NATIONAL ASSOCIATION OF REALTORS®, predicts it will show $225,000 to $230,000 in median net worth for homeowners and around $5,000 for renters.


2. Owning Real Estate Can Save You Hundreds in Taxes


If sending a chunk of your hard-earned money to Uncle Sam or your local government makes you nuts, real estate is for you. When you own, you may be eligible for a slew of real estate tax deductions and credits, including state and local income and property taxes, and mortgage interest and mortgage insurance payments. At the average tax rate, real estate deductions helped taxpayers save roughly $100 billion in 2015, according to NAR analysis.


3. Buyers Who Tapped Expert Real Estate Advice Were Glad They Did


When buyers who’ve recently worked with a real estate agent were asked why they teamed up with one, more than half said it was an important step in finding the right home, according to NAR’s “2015 Profile of Home Buyers and Sellers.” Nearly four out of five consumers, 78%, say their agent was a very useful source of information.


4. Sellers Were Just as Happy They Worked with a Real Estate Pro


Your fellow consumers wholeheartedly believe it’s important to work with an agent when selling. Nearly nine out of 10 sellers, or 89%, did just that. They also reported a median gain on the sale of their home of $40,000 more than they paid for it, according to NAR’s “2015 Profile of Home Buyers and Sellers.”


5. Sellers Who Spruce Up and Declutter Their Home Draw More Interest


Staging a home makes a big difference in buyers’ ability to see its potential. Four out of five real estate agents who work exclusively with buyers say staging makes it easier for buyers to visualize themselves living in the staged home, according to NAR’s “2015 Profile of Home Staging.” A well-staged home increases the price buyers are willing offer, say almost 75% REALTORS® who were surveyed about staging.Read More In81 Staging Tips That Help Buyers Fall in LoveNearly half say staging will increase a home’s market value , and just under one-third say buyers are more willing to overlook a property’s faults when staging highlights its best features.

Abogado Para Bienes Raices

El derecho de bienes raices es una area muy compleja que no todos los abogados conocen. Ya sea porque usted esta comprando una casa o tratando de vender un terreno, o simplemente necesita resolver un problema de colindancias, la asistencia de un abogado experimentado es importante para asegurar que sus intereses estan siendo protegidos.


Will County, IL Spanish Speaking Attorneys

Spanish Speaking Lawyer Mokena

Will County, IL real estate law is a very complex area that not all lawyers know about. Whether you are buying a home or trying to sell a land, or simply need to solve a problem of proximity, the assistance of an experienced Mokena real estate transaction lawyer is important to ensure that your interests are being protected.

free consultation real estate attorney

At our Mokena offices we offer you a comprehensive Spanish speaking representation in real estate law. With more than 30 years of experience and practical and innovative solutions, we have successfully represented thousands of clients throughout Illinois.

Abogados Espanoles Illinois

When you hire our Hispanic real estate attorneys in Mokena IL, we do extensive analysis of your situation. Work together with you to know and understand your concerns so that we can present the options and / or alternatives available to you, always taking into account that our route is to obtain a positive result for you.

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Best Mokena Hispanic Attorney

real estate lawyer career

Are Real Estate Attorneys Necessary

residential lawyers

We Tackle The Full Scope Of Real Estate Law Needs


Real estate transactions can be complex. It is critical to understand the terms of any real estate contract in order to avoid liability and potential legal action in the future, but the wording of most purchase and sales agreements is anything but clear.


At our firm we represent clients involved in residential and commercial real estate matters. Whether you are preparing to buy or sell real estate, or you find yourself in the midst of a lawsuit, we have the experience and skill required to represent you in even the most complex real estate issues.Contact us online or call to arrange a free initial consultation with a real estate attorney in Illinois. We represent clients in Chicago and throughout the state. The Savings Provided By Smart Legal Guidance Pays For Itself.


When you are dealing with such a major investment, an experienced attorney can save you time, money and future disputes. At Ihrie O'Brien, our lawyers offer a wide range of real estate services, including:



  • Real estate closings

  • Real estate contracts

  • Land use and zoning issues

  • Leases

  • Land contracts

  • Landlord/tenant disputes

  • Real estate document review

  • Purchase offers

  • Title disputes

  • Property encroachment disputes

  • Lot line/boundary disputes

  • Fence disputes

  • Condemnation

  • Contamination and other environmental issues


The Real Estate Law is the governing law that protects the rights of the landlord who has been suffering from a hard headed tenant. For instance, the tenant is purposely denying his rental fee, the law can help him. However, this goes on saying that the law is never unfair. The law is also concerned with the rights of the tenants. Yes, the law states clearly what the things that the tenants can do and their limitations since they are just renting a house or an apartment. But if the landlord comes out of bounds, the law entitles the tenant to use his rights. Oftentimes, landlords allow illegal matters to be done in the apartment and so other tenants can report this to the authorities since they are protected by the law.


Moreover, the Real Estate Law states the rights and limitations of the agents. If you want to be a property agent of a Realtor, then you have to start working on your homework now since it will not be very easy for you. You cannot go directly to your prospects in the business and talk about the property; and if you are lucky enough, sell it directly. According to the Real Estate Law, a person must pass the screening and examination stage before he can become a licensed Realtor. It must also be remembered that there are little variations of this law depending on the State that you are in. So, you better research about it now.

How Much Does A Real Estate Lawyer Cost?

realestate lawyers

Illinois, Residential Real Estate Attorney


Buying a home is often one of the most exciting times in life. A home is also one of the largest investments a person can make in his or her life. Our Illinois firm represents home buyers or sellers throughout the real estate transaction. We protect the interests of our clients, ensuring that the purchase or sale agreement they are entering into protects against future problems as much as possible.


If you are interested in learning how a lawyer from IL can help with your residential real estate needs, contact our firm to arrange a consultation. At our firm, we give clients honest assessments regarding attorneys' fees. We also offer evening and Saturday hours to accommodate busy schedules.


A Seamless Home Closing


Our attorneys offer comprehensive service to homebuyers and sellers during the buy-sell process. We routinely review contracts to ensure our clients' interests are protected and modify contracts when necessary. We strive to provide clients with a seamless closing process, meeting deadlines and reviewing contracts. Serving as agents for the Attorneys' Title Guaranty Fund, Inc. has provided our firm with extensive experience in residential real estate transactions. We are able to do home closings in our office and are highly adept at preparing titles and deeds.


Residential Real Estate Litigation


We also represent clients in residential real estate disputes. The need for litigation may arise because of a nondisclosure of a home's defect. Our firm initiates protective and aggressive actions on behalf of our clients. When a client encounters a dispute, our firm is prepared to address the issues. We do file suits, when in our clients' best interest, and aggressively pursue its completion.

Why Real Estate Attorney?

realestate lawyers

Handling all Legal Issues Throughout Your Real Estate Transaction


We are devoted to making every commercial real estate transaction a success for property investors. Our focus is on handling all issues related to your real estate transaction, from purchase agreements to property developments to financing workouts. Our attorneys will work closely with you to develop a creative and effective strategy to not only protect your short-term goals, but also to make sure that those goals are aimed at maximizing your long-term success.


Strong Real Estate Legal Representation Throughout Illinois


Since 1979, the law firm has provided strong representation to businesses in Chicago and the surrounding parts Illinois and throughout the United States. We represent respected companies seeking new sites, real estate developers, real estate owners and lenders, as well as real estate operators and managers.


We handle all commercial real estate matters, from the purchase of small owner-occupied industrial buildings to the development of sophisticated multitenant office parks. Our attorneys have dealt with mobile home park communities, apartment complexes, shopping malls, condominiums, retail stores and much more.


Our team can represent you throughout all phases of a commercial real estate transaction, including, but limited to:



  • Negotiation and preparation of sale/purchase agreements (buy/sell agreements)

  • Financing and refinancing

  • Syndication/raising equity capital

  • Land use planning and development

  • Closing documentation

  • Title issues

  • Foreclosures

  • Lender workouts


We can also help with construction disputes and environmental law matters, such as wetlands regulatory issues involving the Illinois Department of Environmental Quality or the United States Army Corps of Engineers. We understand the amount of time and money invested in your real estate transaction. Our lawyers will work to maximize the success of your business and real estate investment.


 

Abogado Para Bienes Raices

El derecho de bienes raices es una area muy compleja que no todos los abogados conocen. Ya sea porque usted esta comprando una casa o tratando de vender un terreno, o simplemente necesita resolver un problema de colindancias, la asistencia de un abogado experimentado es importante para asegurar que sus intereses estan siendo protegidos.


Will County, IL Spanish Speaking Attorneys

Spanish Speaking Lawyer Manhattan

Will County, IL real estate law is a very complex area that not all lawyers know about. Whether you are buying a home or trying to sell a land, or simply need to solve a problem of proximity, the assistance of an experienced Manhattan real estate transaction lawyer is important to ensure that your interests are being protected.

real estate law

At our Manhattan offices we offer you a comprehensive Spanish speaking representation in real estate law. With more than 30 years of experience and practical and innovative solutions, we have successfully represented thousands of clients throughout Illinois.

Abogados Espanoles Illinois

When you hire our Hispanic real estate attorneys in Manhattan IL, we do extensive analysis of your situation. Work together with you to know and understand your concerns so that we can present the options and / or alternatives available to you, always taking into account that our route is to obtain a positive result for you.

residential real estate attorney

Best Manhattan Top Hispanic Attorney

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What Do Real Estate Lawyers Major In?

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What is the difference between a mortgage and a deed of trust?


A mortgage is a document that encumbers real property as security for the payment of a debt or other obligation. The term "mortgage" refers to the document that creates the lien on real estate and is recorded in the local office of deed records to provide notice of the lien secured by the creditor. The creditor or lender, also called either mortgagee (in a mortgage) or beneficiary (in a deed of trust), is the owner of the debt or other obligation secured by the mortgage. The debtor or borrower, also called the mortgagor (in a mortgage) or obligor (in a deed of trust), is the person or entity who owes the debt or other obligation secured by the mortgage and owns the real property which is the subject of the loan.


In almost all cases, the law of the state in which the property is located dictates whether a mortgage or deed of trust can be used. Although a deed of trust securing real property under a debt serves the same purpose and performs the same function as a mortgage, there are technical and substantive differences between the two. A deed of trust is executed by the debtor and property owner, to a disinterested third person identified as a trustee, who holds the ownership of the property in trust for the creditor; whereas, when a mortgage is used, title to the collateral remains in the debtor, and the mortgage creates a lien on the real estate in favor of the creditor. In some jurisdictions, the deed of trust enables the trustee to obtain possession of the real property without a foreclosure and sale, while others treat a deed of trust just like a mortgage. In the latter jurisdictions, the deed of trust is governed by the law applicable to mortgages. The deed of trust requires the trustee to reconvey the property back to the debtor when the debt has been paid in full. Assignment of the creditor’s interest does not result in a change of trustee; instead, only the note or other evidence of debt is transferred and the new owner of the loan acquires the prior lender’s beneficial interest in the trust.


What is commercial financing in general?


Financing a property is the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full price in cash up front from their own accounts at the time of the purchase. Financing for non-residential real estate is generally obtained from a bank, insurance company or other institutional lender to provide funds for the acquisition, development, and operation of a commercial real estate venture. Commercial financing loans are secured primarily by real estate and related assets owned by the debtor. Assets used to collateralize commercial finance loans, aside from the real estate, may include fixtures, equipment, bank and/or trade accounts, receivables, inventory, general intangibles, and supplies. Documents evidencing and securing the loan typically include: loan agreements, promissory notes, mortgages or deeds of trust, assignments of rents and leases, financing statements, environmental indemnity agreements, guaranties, subordination, non-disturbance and attornment agreements, estoppel certificates, and other ancillary documents.

How Much Real Estate Lawyers Make?

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What is the difference between a mortgage and a deed of trust?


A mortgage is a document that encumbers real property as security for the payment of a debt or other obligation. The term "mortgage" refers to the document that creates the lien on real estate and is recorded in the local office of deed records to provide notice of the lien secured by the creditor. The creditor or lender, also called either mortgagee (in a mortgage) or beneficiary (in a deed of trust), is the owner of the debt or other obligation secured by the mortgage. The debtor or borrower, also called the mortgagor (in a mortgage) or obligor (in a deed of trust), is the person or entity who owes the debt or other obligation secured by the mortgage and owns the real property which is the subject of the loan.


In almost all cases, the law of the state in which the property is located dictates whether a mortgage or deed of trust can be used. Although a deed of trust securing real property under a debt serves the same purpose and performs the same function as a mortgage, there are technical and substantive differences between the two. A deed of trust is executed by the debtor and property owner, to a disinterested third person identified as a trustee, who holds the ownership of the property in trust for the creditor; whereas, when a mortgage is used, title to the collateral remains in the debtor, and the mortgage creates a lien on the real estate in favor of the creditor. In some jurisdictions, the deed of trust enables the trustee to obtain possession of the real property without a foreclosure and sale, while others treat a deed of trust just like a mortgage. In the latter jurisdictions, the deed of trust is governed by the law applicable to mortgages. The deed of trust requires the trustee to reconvey the property back to the debtor when the debt has been paid in full. Assignment of the creditor’s interest does not result in a change of trustee; instead, only the note or other evidence of debt is transferred and the new owner of the loan acquires the prior lender’s beneficial interest in the trust.


What is commercial financing in general?


Financing a property is the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full price in cash up front from their own accounts at the time of the purchase. Financing for non-residential real estate is generally obtained from a bank, insurance company or other institutional lender to provide funds for the acquisition, development, and operation of a commercial real estate venture. Commercial financing loans are secured primarily by real estate and related assets owned by the debtor. Assets used to collateralize commercial finance loans, aside from the real estate, may include fixtures, equipment, bank and/or trade accounts, receivables, inventory, general intangibles, and supplies. Documents evidencing and securing the loan typically include: loan agreements, promissory notes, mortgages or deeds of trust, assignments of rents and leases, financing statements, environmental indemnity agreements, guaranties, subordination, non-disturbance and attornment agreements, estoppel certificates, and other ancillary documents.

Real Estate Attorney For Investors

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1. Home Ownership is an Important Way to Build Wealth


Home ownership isn’t for everybody. But those who step onto the home ownership ladder steadily build wealth over their lifetime. A typical homeowner’s net worth was $195,400, while that of the typical renter was $5,400, according to 2013 data from the Federal Reserve, the most recent available. New data is expected in 2016, and Lawrence Yun, chief economist of the NATIONAL ASSOCIATION OF REALTORS®, predicts it will show $225,000 to $230,000 in median net worth for homeowners and around $5,000 for renters.


2. Owning Real Estate Can Save You Hundreds in Taxes


If sending a chunk of your hard-earned money to Uncle Sam or your local government makes you nuts, real estate is for you. When you own, you may be eligible for a slew of real estate tax deductions and credits, including state and local income and property taxes, and mortgage interest and mortgage insurance payments. At the average tax rate, real estate deductions helped taxpayers save roughly $100 billion in 2015, according to NAR analysis.


3. Buyers Who Tapped Expert Real Estate Advice Were Glad They Did


When buyers who’ve recently worked with a real estate agent were asked why they teamed up with one, more than half said it was an important step in finding the right home, according to NAR’s “2015 Profile of Home Buyers and Sellers.” Nearly four out of five consumers, 78%, say their agent was a very useful source of information.


4. Sellers Were Just as Happy They Worked with a Real Estate Pro


Your fellow consumers wholeheartedly believe it’s important to work with an agent when selling. Nearly nine out of 10 sellers, or 89%, did just that. They also reported a median gain on the sale of their home of $40,000 more than they paid for it, according to NAR’s “2015 Profile of Home Buyers and Sellers.”


5. Sellers Who Spruce Up and Declutter Their Home Draw More Interest


Staging a home makes a big difference in buyers’ ability to see its potential. Four out of five real estate agents who work exclusively with buyers say staging makes it easier for buyers to visualize themselves living in the staged home, according to NAR’s “2015 Profile of Home Staging.” A well-staged home increases the price buyers are willing offer, say almost 75% REALTORS® who were surveyed about staging.Read More In81 Staging Tips That Help Buyers Fall in LoveNearly half say staging will increase a home’s market value , and just under one-third say buyers are more willing to overlook a property’s faults when staging highlights its best features.

Abogado Para Bienes Raices

El derecho de bienes raices es una area muy compleja que no todos los abogados conocen. Ya sea porque usted esta comprando una casa o tratando de vender un terreno, o simplemente necesita resolver un problema de colindancias, la asistencia de un abogado experimentado es importante para asegurar que sus intereses estan siendo protegidos.


Will County, IL Spanish Speaking Attorneys