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.
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.
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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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Are Real Estate Attorney Fees Tax Deductible
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.
Who Needs A Real Estate Lawyer?
What is the difference between a General Warranty Deed, Special (Limited) Warranty Deed, and Quit Claim Deed?
- 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.
- 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.
- 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.
- 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.
- 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 You Need A Real Estate Lawyer?
NEED HELP WITH A REAL ESTATE LEGAL MATTER?
You've come to the right place. Whether you are a buying or selling a house, or own property like a condo, single family residence, or commercial real estate, a real estate lawyer may help.
Use FindLaw to hire a local real estate lawyer to help you when you have real estate problems like a dispute with the homeowner's association or noise from neighbors, recording issues involving your deed (e.g., an easement or encroachment), or your mortgage (e.g., a lien or mortgage fraud).
NEED A REAL ESTATE TRANSACTION ATTORNEY IN CHICAGO, IL?
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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.