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Home Equity – A Big Asset
Oct 17

Home Equity – A Big Asset

A Home Equity Line of Credit allows you to get cash from the equity you have in your home. Most lenders look for a cushion of…

Illinois Tenancy by the Entirety
Jun 12

Illinois Tenancy by the Entirety

If you live in Illinois, you are married and you own your home, it is worth becoming familiar with the meaning of holding title to your…

Illinois Joint Tenancy and Income Taxes
Jan 17

Illinois Joint Tenancy and Income Taxes

When real estate is held by two individuals as joint tenants with rights of survivorship, the surviving joint tenant will not receive the full step-up in…

Chicago Estate Planning and Warranty & Quitclaim Deeds
Jun 16

Chicago Estate Planning and Warranty & Quitclaim Deeds

When a Seller assures a Buyer that he will stand behind the title to the property he is conveying, the Seller executes a Warranty Deed. With…

Tax Credits for Illinois Home Buyers
Nov 16

Tax Credits for Illinois Home Buyers

Effective November 6, 2009 a new tax credit is available for both repeat and first-time home buyers. The National Association of Home Builders's website provides specific…

Sellers Financing Buyers for Real Estate Purchases
Oct 16

Sellers Financing Buyers for Real Estate Purchases

In Amy Hoak's Wall Street Journal article, "Mortgage Lending for Sellers", she points out the advantages to both buyers and sellers when a private mortgage is…

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