The world has changed since our last blog post, and it’s fair to say life is very different as we make our way through the coronavirus outbreak. Every industry in America (and the world for that matter) has been impacted, including real estate. Illinois has...
Despite the mortgage relief provided by The CARES Act, lenders are tightening requirements when it comes to employment verification. In pre-pandemic times, lenders made fewer verification checks, but with more than 22 million Americans filing for unemployment, they are being more hawkish. If you are...
COVID-19 is disrupting our lives in every way imaginable, prompting people to ask, “What kind of help is out there for me?” The federal government has responded with The CARES (Coronavirus Aid, Relief and Economic Security) Act, offering $2 trillion in financial relief to individuals...
Buying a home is exciting. It is one of the largest purchases, if not the largest purchase, you will ever make. However, a crucial component of buying a home is applying for and obtaining a mortgage. This can often be very stressful. Here are some tips...
Previously, we’ve written about the benefits of engaging a real estate attorney as soon as you decide you’re ready to sell your home. Such a significant transaction means you’ll have a lot of questions. Fear not, because we have the answers! 1) Am I required...
From a 10,000 foot view, selling a home is an easy concept to understand. You hire a real estate agent and attorney, put your house on the market, stage your house for showings, accept the right offer, and move out. Easy peasy! Of course, it’s...
It all comes down to the closing when you are selling your home. Think of it as the finish line of your transaction that you’ve been pursuing the moment you decided to put your home on the market. The closing date is the final step...
When selling your home, it is essential to engage the services of a real estate attorney as early in the process as possible. Selling a home is complicated, but working with an attorney who understands these challenges will ensure the transaction moves forward smoothly and...
Creating stronger rules for training and professionalism and increasing consumer protections were the main drivers behind the Illinois Real Estate License Act (RELA), which was signed into law in August, 2019. The bill is an update of the Real Estate License Act, which is required...
