HomeCategory Uncategorized

Changing Interest Rates: What Your Clients Need To Know

The Illinois housing market has seen mortgage rates rise from nearly 4 percent in April of 2022 to over 6 percent today. Rising interest rates impact the Illinois real estate market by forcing price changes. As interest rises, affordability lowers. This leaves many prospective homebuyers with limited options. No buyers means no market. In today’s...

12 Changes To The Illinois Residential Property Disclosure Act That Brokers Need To Know

Illinois HB4322–the Residential Real Property Disclosure Act–was signed into law by Governor Pritzker and is effective immediately. The new disclosure form includes amended language but the form itself is not available yet. As we’ve previously written, brokers can be liable for disclosure statement inaccuracies. False or misleading statements, per the Illinois Consumer Fraud and Deceptive...

Minchella & Associates Featured On Redfin

We’re excited to announce that Redfin reached out to Minchella & Associates to leverage our expertise on the subject of quitclaim deeds. Below is an excerpt, and you can click here to read the full blog post. “Three lawyers talk: quitclaim deeds can be an easy option, but be wary You can use a quitclaim...

Pre-Foreclosure vs. In Foreclosure

As most people know, when homeowners fall behind on their mortgage, the bank can choose to foreclose. However, the law requires the bank to provide notice to the borrower informing them they are in default. In legal terms, this means the home is in pre-foreclosure. During this period, the homeowner still has time to salvage...

Client Success Story: Illinois Land Trust

Situation In Illinois, property owners can use an Illinois Land Trust, which provides title to a trustee while the beneficiary of the land enjoys the rights of owning the property. It can be used in two ways: An asset protection tool An estate planning tool Here we look at client success stories regarding how the...

https://ecminchellalaw.com/wp-content/uploads/2023/07/7f587b_dc304e4b63314b079e3eb4758cf34119mv2.png
7538 St. Louis Ave Skokie IL 60076
847-677-6772

SCHEDULE A CONSULTATION

Attorney Advertising: Information on this website is not legal advice. In no way does visiting this site or contacting Erica Minchella & Associates create an attorney-client relationship unless consented to by both you and Erica Minchella & Associates.

© 2023 Erica Minchella & Associates. All Rights Reserved.