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Category Archives: Real Estate

Liability Protection – You Have Been Warned

We have recently seen plenty of funny signs emerging during the COVID pandemic about mask wearing. Even before that, some businesses exercised a certain sense of humor when warning customers about potential dangers in store. It begs the question though. Are those signs actually useful? A court ruling proves they just might be. In the […]

Judge rules that Pritzker can block evictions during pandemic

Judge John C. Anderson joined other judges who have upheld Pritzker’s authority to govern the State of Illinois through the COVID-19 pandemic by recently ruling in favor of Pritzker’s eviction moratorium during the pandemic regardless of the economic devastation caused to landlords. The lawsuit was brought on my landlords in the Chicago suburbs and Rockford […]

What is a Mechanic’s Lien?

The purpose of a Mechanic’s Lien is to ensure that contractors and subcontractors who work on a real estate improvement project are paid for the labor, materials, and/or machinery they have provided to that project. The Illinois Mechanics Lien Act (770 ILCS 60/0.01, et seq.) governs Mechanics Liens in Illinois. This Act allows contractors and/or […]

The Arrival of the New (7.0) Multi-Board Residential Real Estate Contract

A new base, real estate contract began circulation at the start of 2019. It took over 100 hours of review and debate to ultimately get to an end product that changed one of the most widely used contracts in Illinois. If you will be involved in a real estate transaction this year, you will most […]

What is Title Insurance and When is it Useful?

If you have purchased or sold real estate, you have likely heard about title insurance. In Illinois, the seller of real estate is customarily responsible for purchasing and delivering a title insurance policy to the buyer. This specific form of insurance involves a policy specially designated for the benefit of the future owner, and sometimes […]

How the Tax Reform Affects Realtors

On December 20th, 2017 one of the largest tax reforms bill in recent decades was passed, which went into effect on December 31, 2017. The implications of this Act will affect realtors, homeowners, future homebuyers and the real estate market. As a Realtor Pass-Through Businesses. Many realty businesses are self-operating and may be classified as […]

Do the New 2018 Tax Laws Affect You?

The new year brought new laws. One of the most highly publicized, and impactful new laws brought significant changes to the U.S. tax code. If you are an individual seeking divorce, a homeowner or potential home buyer, or a business owner you may be affected by this new law. CORPORATE The largest revision of the […]

New Year, New Goals

The new year brings a renewed focus on opportunities and goals. Changing your real estate, preparing your estate plan, or beginning your dream business may be a few resolutions to add to your list. Our experienced team of professionals can help make your list a reality in 2018.   Real Estate Downsize. Whether you are […]

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