Cook 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 Niles real estate transaction lawyer is important to ensure that your interests are being protected.
At our Niles 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 Niles 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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Why Use Real Estate Lawyer?
Our real estate attorney team is a comprehensive business and real estate law firm. Whether your business is looking to purchase a commercial property or renegotiate a lease, the commercial real estate lawyers have the experience and expertise to successfully represent your business in any real estate transaction. Our business real estate attorneys provide practical business and real estate advice with flexible fee arrangements that are highly cost competitive.
The Real Estate team offers a wide range of real estate legal services:
- Acquisitions, Sales and Dispositions
- Financing and Refinancing
- HUD and MSHDA Insured Loans
- Real Estate Syndication Services, including offering memoranda and related subscription documents
- Commercial Leasing, including retail, office and industrial
- Zoning, Land Use and Regulatory Matters
- Condominium Documentation
- Property Disputes
Real estate law is central to our firm’s practice. The team consists of seasoned real estate lawyers who have experience handling all types of residential and commercial real estate matters. Regardless of the size of transaction, our attorneys specialize in providing “big firm” service for a fraction of the fees charged by large law firms. Our clients are a testament to our aptitude and include leading companies and entrepreneurs in real estate development and finance. We provide our clients with both sound legal guidance and common-sense business counseling, all at the right price.
We also handle business entity selection and formation, commercial debt collection, export compliance, and intellectual property registration and protection.
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What is an escrow and an escrow agent? What does it mean to have funds or documents in escrow?
An escrow agent is typically a third party designated to hold an item (usually funds, but sometimes certain documents, such as a deed and/or mortgages) for a certain time or until the occurrence of a condition, at which time the escrow agent is to hand over the item to another party. Typically the escrow agent will be the title company, and the funds and documents that they are holding include any deposits made under the contract to purchase the property, as well as the deed and the mortgage instruments. In many home purchase contracts, the initial deposit or earnest money will be held by an escrow agent until the closing. In some states, the entire closing happens through an escrow agent, with all funds and documents being collected and distributed in the manner required by specific and detailed written escrow instructions.
How does the buyer know how the land surrounding the property will be used?
Typically, the seller does not guarantee how the area surrounding the property will be used. Some purchase agreements ask the seller to warrant what the seller knows about surrounding property uses that might interfere with the use of the home, but many do not. If a buyer is concerned, he or she should contact the property appraiser or tax collector for the county in which the property is located and determine who owns the surrounding land, or speak to the zoning or planning department of your local municipality prior to purchasing the property to understand how surrounding uses may affect you. The title commitment only discloses information about the property being purchased and does not attempt to inform the buyer about surrounding uses. Sometimes a survey will identify the owners of any immediately adjacent parcels. The purchaser needs to take responsibility for finding out what uses may affect him or her. The buyer can ask the neighboring property owners if they know of plans to develop land surrounding the property. The buyer may also wish to talk with the building or zoning office of the local municipality to confirm the zoning of surrounding property so as to know what kinds of uses might be made in the future, although zoning can be changed.
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Are you Looking for a Real Estate Attorney in Illinois?
Call today for your free attorney consultation
Real estate lawyers are a dime a dozen; a great real estate lawyer in Illinois is hard to come across. Real estate transactions can be complex and tricky, but they don’t have to be. Our skilled real estate attorneys are committed to serving the real estate needs of our clients with integrity and dedication.
Our real estate lawyers represents homeowners, small business owners, real estate developers, landlords, tenants, and other commercial clients with a variety of real estate issues.
Do you need a real estate lawyer? Call us today to schedule a free confidential consultation with a highly skilled Illinois real estate attorney. Or, contact us here. Our firm serves the entire Metro-Chicago area.
Experienced Illinois Real Estate Lawyers
Complex and intricate real estate transactions are becoming the norm in today’s real estate environment. Law’s real estate practice brings a wealth of knowledge to residents and businesses of Illinois.
Our real estate attorneys provide legal representation and advice regarding:
- Buying and selling commercial and residential real estate
- Drafting/Reviewing real estate contracts
- Lease/Purchase agreements
- Land use and zoning
Contact Our Law Firm today to discuss your real estate matters
If you are faced with a real estate legal issue and would like to learn more about your options, our real estate attorneys would be glad to meet with you. We will go over your options and answer any questions you may have during your free consultation.
Give us a call to schedule a free consultation. Our office is located in Troy.
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.