News

Chicagoland Home Sales at 8-Year High

Posted by on Aug 31, 2015 in News | 0 comments

Chicagoland Home Sales at 8-Year High by Peter Thomas Ricci August 27, 2015 New research reveals 2015 has been a banner year for Chicagoland real estate Home sales in the Chicagoland housing market hit an eight-year high in the first half of 2015, according to the July 2015 U.S. Home Sales Report from RealtyTrac. From January to June, there were 43,099 home sales in Chicagoland, RealtyTrac found. That’s the best stretch for the Windy City since 2008, and represents a 36.6 percent increase over 2008’s 31,554 sales. Of the 190 markets RealtyTrac analyzed, 124 (or 65 percent) saw eight-year...

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Opting against title insurance to save money can be financially risky

Posted by on Aug 20, 2015 in News | 0 comments

Opting against title insurance to save money can be financially risky

Opting against title insurance to save money can be financially risky By Ilyce Glink and Samuel J. Tamkin August 19 (Gerry Broome/AP) My mom lives in New York and is selling her North Carolina property to her sister who has been living in the home for the last 30 years rent free. Will a quitclaim deed work in this situation or do they need a real estate agent or a real estate lawyer? Both of them are on a fixed income and want to do this the least expensive way. When you say that your mom is selling her home to her sister, is your mom getting any money in that sale? If she is, her transfer...

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A Poem Written By the Past President of ALTA, Michael B. Pryor

Posted by on Aug 12, 2015 in News | 0 comments

A Poem Written By the Past President of ALTA, Michael B. Pryor

I SELL TITLE INSURANCE By Michael B. Pryor I sell title insurance. Some people don’t like to say they “sell” for a living, much less that their product is title insurance. I sell title insurance. I “sell” it because I believe in it. Selling is explaining. Selling is providing information relative to the good points of the product. Selling is providing peace of mind. I sell title insurance. I do not hang my head and apologize for selling title insurance. I provide a thorough and accurate search of the title, resolve ownership issues, provide lien records, keep the courthouse records accurate,...

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New Zoning Requirements for Unincorporated Cook County

Posted by on Mar 25, 2015 in News | 0 comments

New Zoning Requirements for Unincorporated Cook County

The new Zoning Certificate Application can be found in our Forms Library or click here to download it now. A transcript of the notice: Effective March 21, 2015 any property in Unincorporated Cook County that goes under contract is required to obtain a Zoning Certificate from this department in order to verify its current zoning classification, any outside building permits and outstanding violations or judgments on said property prior to the closing. A fee of $100 is charged for this service. Check or money orders should be made payable to the “COOK COUNTY COLLECTOR.” Zoning Certificate...

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Helpful Information: Real Property Transfer Act & the Transfer on Death Instrument

Posted by on Feb 11, 2013 in News | 0 comments

Helpful Information: Real Property Transfer Act & the Transfer on Death Instrument

We wanted to share some helpful information we came across. This article by Katherine A. Chamberain for the ISBA General Practice Newsletter discusses The Illinois Residential Real Property Transfer Act (the “Act”; 755 ILCS 27/1 et seq.; Ill. Public Act 097-0555) and the new Transfer On Death Instrument TODI, which became a new tool to transfer residential real estate outside of probate for decedents dying after January 1, 2012. Katherine’s article provides a useful checklist and forms for reference. Read the complete article here:...

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The Importance of Title Insurance

Posted by on Jan 18, 2013 in News | 0 comments

The Importance of Title Insurance

The following is well written article that details the importance of title insurance: Consumer Education: What is Title...

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