Will County, IL Spanish Speaking Attorneys

Will County, IL Spanish Speaking Hispanic Real Estate Transaction Attorneys

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Illinois real estate law comes with a long list of potential problems. Whether residential or commercial, buying, selling or leasing, new construction or renovation, real estate businesses can generate legal problems.

When problems arise, or you want to make sure they do not occur, talking to a real estate expert attorney from our Illinois office and other offices can be helpful.

Bienes Raíces Residenciales

In addition to providing representation during closing, we can prepare and negotiate contracts, review transaction documents, communicate with the other party’s Illinois property transaction attorney and help resolve issues at closing.

Bienes Raíces Comerciales

Commercial leases can involve considerable amounts of money, long terms and major obligations. We have experience in representing both landlords and tenants, and we can advise and assist in negotiating important lease terms such as security deposit, property improvements, sublease and lease, lease renewals and tax assignment , Insurance and maintenance costs.

 

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Lawyers Fees For Real Estate Transaction

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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 We Need A Real Estate Lawyer?

careers in real estate law

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.

Real Estate Lawyer Vs Broker

mortgage lawyers

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.