OPTIONS FOR HOLDING TITLE TO REAL ESTATE If one person holds title to land, there are few, if any decisions to be made about holding title. In co-ownership situations, the property owners will have to decide how to “take” title to their land. When more than one person, such as a husband and wife or business partners, owns title to […]
How is title to Illinois real property held?
Changes to the Illinois Residential Real Property Disclosure
UPDATE TO THE RESIDENTIAL REAL PROPERTY DISCLOSURE ACT When most home sellers list their property with a real estate agent or listing broker, those sellers routinely fill out what is known as a “Residential Real Property Disclosure Report”. The “report”, required of many home sellers by law, is made up of a series of questions intended to elicit the disclosure […]
Cook County property tax reassessment
Callers to the Cook County Assessor’s Office during July or August may have noticed that their requests were politely rebuffed with the phrase “I’m sorry, our computer is down, I can’t get that information.” The reason: Cook County computers are working furiously to get out the second installment of 1997 property tax bills. Property taxes are paid in “arrears”. That […]