There is a lot of paperwork involved in the home purchase process – but you are, after all, making one of the biggest financial decisions of your life. Every detail is of the process is important, because once you sign the sale contract, the consequences of a mistake...
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Real Estate Law
Can you move in after buying a property at a tax sale?
When someone lists a house for sale these days, they will likely see multiple offers, possibly over the asking price. With the Illinois real estate market so competitive, buyers have had to get a little more creative about acquiring homes. Going to a tax sale auction...
How much earnest money do you need to buy a house?
Some people save aggressively to make cash offers on homes, but they are only a small subset of people buying homes. It is actually quite common for buyers these days to come to the table with much less than 20% of the potential purchase price saved for a downpayment....
How to resolve a boundary dispute
When you initially viewed your new home, the potential for an extension may have sealed the deal. Perhaps you want to erect a fence, to give yourself a bit more privacy? A dispute over the boundary of your property could put a halt to all of this. Essentially,...
Do you really need to put down 20% on a new home?
Frankly, you can probably find numerous lenders and programs out there that will let you put less than 20% down to purchase a new home. However, that doesn’t necessarily mean it’s the best way to go. There are many benefits of a 20% down payment. Here are a few that...
Must Connecticut homeowners disclose that their house for sale is haunted?
As one of the original 13 colonies, Connecticut is an old state with a long and storied history. Thus, many of the properties still in use have complicated histories attached to them. In some cases, that can include some paranormal activities. So, if you plan on...
Should you buy your next house online?
Over the last two decades, people have shifted a lot of their buying to online purchases. They buy clothes, books, groceries, movies and more. Then they either enjoy digital products or have physical products shipped to their door. While the degree to which everyone...
Title issues can snag your home closing
Several things could cloud the title of your home. For instance, a contractor may have placed a lien for unpaid bills or if your ex-spouse forgot to remove a child support lien on the house. Those are just two of the many scenarios where the title to the home may not...
When should a home seller use a kick-out clause?
Among the most complicated and uncertain residential real estate transactions are those where both the buyer and seller have commitments to other properties. Often, the buyer currently owns a home that they have to sell, and the seller is purchasing a new home. Their...
What you need to know about property tax liens
Generally, a lien is a legal right or claim of one person against another’s property to secure the payment of a debt or fulfillment of other obligations. Liens are commonly placed on properties by creditors so that they can collect what is owed to them. They can also...
