In Illinois and many other states, married couples often hold title to their home as tenants by the entirety. It’s a popular option for good reason: it offers protection from the creditors of the other party and ensures that if one spouse passes away, full ownership automatically transfers to the other. To clarify: The Tenancy...
It’s not uncommon to hear stories about buyers getting cold feet. But sometimes, it’s the seller who goes silent. Your client’s made an offer, maybe even signed a contract, and then… nothing. Emails go unanswered. Calls don’t get returned. They’re left wondering whether the deal is still on or if they should be looking elsewhere....
When most people think about title insurance, they imagine it as a one-time document you receive after closing that your lawyer tells you to keep with your other closing documents. But here’s the truth: title insurance is not just a form—it’s a shield, and one that protects you on both ends of a real estate...
We live in a DIY world. You can file your taxes, draft a will, and remodel a bathroom with the help of a few YouTube videos. So when it comes to real estate contracts, you might think, “How hard can it be?” The answer: hard enough to land you in a lawsuit. Know that I...
In business, your name is more than just a calling card—it’s your currency. For attorneys, real estate professionals, and service providers alike, reputation is everything. It determines not only how others perceive your capabilities, but whether they trust you with their referrals, deals, and client relationships. And as one seasoned attorney recently said, “My reputation...
When homeowners fall behind on their mortgage payments, they’re not just at risk of losing their homes, they become prime targets for scams that can rob them of the equity they’ve spent years building. Recent headlines from both Arizona and Chicago reveal alarming tactics used by fraudsters to prey on people in crisis. These cases...
I’ve always said I like tough transactions. I love the challenge. I love finding solutions. And while this one was particularly demanding, it was right in my wheelhouse—the kind of deal I genuinely enjoy working on. And thankfully, I have the team to back me up to make sure transactions like this get done. This...
The Northwest Housing Preservation Ordinance (NSPO) is reshaping the real estate landscape in several Chicago neighborhoods. Passed by the City Council with the goal of protecting affordable housing, the ordinance introduces new regulations that grant tenants the right to match offers on rental properties before a sale can proceed. While advocates see this as a...
The new year brings important updates to the standard real estate contract, which will go into effect on February 1st. These revisions introduce significant changes designed to improve clarity and efficiency in real estate transactions. Familiarizing yourself with these updates will position you to best guide your clients. Clarifying the “As Is” Condition One of...
Let’s clear up a common misconception that often causes unnecessary stress for heirs of property owners: If you haven’t signed a mortgage note, you don’t owe the debt—even if the lender forecloses on the property. This issue frequently arises when heirs inherit a property with a mortgage, particularly reverse mortgages. Recently, I had a client...
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