PH: (847) 549-0600 FX: (847) 589-2263 Info@LawJTLG.com
PH: (847) 549-0600 FX: 847.589.2263 Info@LawJTLG.com
As you are perusing listings online, you may come across stipulations on certain houses that are considered “As-Is” property. For some, this is a big enough red flag to make them run away from the home listing as fast as possible. Others would see it as a necessary point in the real estate world. The... Read more »
Illinois Real Estate- What is the Attorney Review Period? A real estate contract that is signed by both parties at the beginning of the process contains a provision commonly referred to as the “Attorney Review” or “Attorney Modification” Provision. This clause allows an attorney for one party to review and modify the terms of... Read more »
1031 Exchange Rules & Benefits A 1031 exchange is one of the most powerful tools available to real estate investors. The 1031 exchange allows a real estate investor to avoid paying taxes on the sale of his or her property by rolling the proceeds into a new one. However, 1031 exchange rules can be tedious,... Read more »
Deed Restrictions: What Every Prospective Homeowner Needs to Know Before Buying Finally! After attending countless open house events, you’ve done it. You have found your dream home. As you begin to take in the excitement of it all, and plan all of the projects you will take on to really make this your dream home,... Read more »
1031 Exchanges Only two things in life are certain: death and taxes. Death is impossible to avoid, but I’m going to let you in on a little secret; you may be able to defer paying taxes on the sale of real property that is used as an investment. There are very specific rules governing how... Read more »
Buying or selling a home or piece of residential land can be an exciting prospect, regardless of whether you’re the buyer or the seller. To be sure, a real estate transaction is usually associated with a new beginning and adventure, an economic opportunity, and a chance to embrace something new and different. But as exhilarating... Read more »
Real Estate Transactions in Libertyville Illinois Libertyville is a beautiful suburb of Chicago located in Lake County, Illinois. Libertyville is an affluent community with great public resources, a scenic historic downtown with excellent restaurants, and a variety of home types to choose from. Libertyville has superb schools that are well known throughout the state for... Read more »
What Type of Ownership is Best For My Home? If you are purchasing a home in Illinois this season, you may have been asked how you want the home to be titled. There are many different types of real estate ownership. The major ones are as follows: 1. Sole Ownership. If you are purchasing a home... Read more »
Real Estate Attorneys Beware: Do Not Revoke Prior Powers of Attorney In a real estate transaction in Illinois, it is common practice now for buyers and sellers of residential real estate to name their attorney as power of attorney for property, to execute the real estate transaction on their behalf. This allows for the buyers... Read more »
Phone Number: (847) 549-0600
Fax Number: (847) 589-2263
Libertyville Office
350 N. Milwaukee Ave., Ste. 202
Libertyville, IL 60048
Gurnee Office
223 N. IL. Rt. 21, Ste. 14
Gurnee, Illinois 60031
Manchester Office
2100 Manchester Road, Suite 920
Wheaton, IL 60187