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If you’re selling your house ‘as-is’ in Illinois, you might wonder what disclosures are required by law. Illinois doesn’t let you off the hook just because you’re selling as-is. You must still inform potential buyers of known problems like structural or environmental issues. This article will guide you through the critical disclosure obligations when selling a house as-is in Illinois, giving you the confidence to proceed with your sale backed by legal know-how.
October 22, 2024
Title insurance is meant to protect the insured (the homeowner and bank that owns your mortgage) from a financial loss associated with the property. There are two types of title insurance policies associated with the purchase of a home. Title insurance covers any underlying discrepancies with a home that the title company missed during the home buying process.
September 5, 2024
In this article, we discuss what happens if you inherit a house in foreclosure in Illinois and answer the following questions: How is a property in foreclosure transferred upon an individual’s death?, Do I automatically assume the debt of an inherited home in foreclosure?, What options are available to me if I want to keep an inherited home in foreclosure?, and What should I do if I don’t want to keep an inherited home in foreclosure?
September 5, 2024
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