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Illinois Real Estate Law Questions & Answers
1 Answer | Asked in Real Estate Law for Illinois on
Q: Just purchased a home.Keys provided at closing didn't work. Had to hire locksmith to get in.Should seller reimburse me?

I tried contacting seller before calling the locksmith, but calls went unanswered. It turns out the keys provided at closing were for a different property (not mine). Thanks.

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answered on Dec 11, 2011

Yes.

1 Answer | Asked in Real Estate Law for Illinois on
Q: I want to appeal my Real Estate Assesment. Any advise? How to find an atty??
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answered on Dec 11, 2011

Check with your local bar association. Many of them have case type specific referral services.

1 Answer | Asked in Real Estate Law for Illinois on
Q: 2nd mortgage quit claim deed put me on title with wife, her new mortgage doesn't have my name. can she do that?
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answered on Jul 6, 2011

Sure. However, she may be in violation of the mortgage provisions. You should read the mortgage very closely.

1 Answer | Asked in Real Estate Law for Illinois on
Q: My ex live in partner and I have a mortgage together, if he refuses to pay what are my options
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answered on Jul 6, 2011

If you can afford it, refinance and buy him out. If not, then you need to sell and pay off the mortgage. Another possibility is to rent the property for the amount of the mortgage, etc., or take in someone to share the expense. If you dont want to have renters, and he will not agree, you can sue... View More

1 Answer | Asked in Real Estate Law for Illinois on
Q: My neighbor is encroaching on my property, by placing materials (wood, cement blocks) against my fence. What do I do?
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answered on May 16, 2011

If the fence is entirely on your property, you can have a lawyer sned a cease and desist letter. I would only do so, if the materials, etc. are damaging your fence or are actually on your property.

1 Answer | Asked in Real Estate Law for Illinois on
Q: I co-own a house with someone. We want a reverse mortgage. Is there a restriction on a fixed rate? I am 62 and he is 74.
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answered on Apr 9, 2011

I am unaware of any limnitations on a fixed rate other than what the market place may be.

1 Answer | Asked in Real Estate Law for Illinois on
Q: How do I form a real estate investment trust?
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answered on Mar 29, 2011

Your question requires an extremely long and complicated answer and is really not suited for this type of forum. I suggest that you consult with a real estate/tax attorney to determine what your options are. good luck.

1 Answer | Asked in Real Estate Law for Illinois on
Q: If I have crossed over neighboring property for 30 yrs to access my property, can I be denied that access now?

The previous owners and I had an oral agreement that I could access my drive-in basement across their parking area. Do to a disagreement over the back property line the current owner has out of spite blocked my access, what are my options.

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answered on Mar 29, 2011

If there is no other access to your drivein basement, you have what is commonly known as an easement. You may need to hire an attorney to send a cease and desist letter to the new owners and if that does not work, a lawsuit.

1 Answer | Asked in Real Estate Law for Illinois on
Q: Please address: the limit on percent of annual real estate taxes and insurance that a mortgage company can hold, IL?

My mortgage company is now seeking a pool of app 50%, for them to just "hold."

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answered on Mar 29, 2011

I know of no percentage. Basically, you are saying that they are requiring 6 months to be held in reserve. that amount is not unheard of. The nice thing is that you can always go elsewhere for a mortgage.

1 Answer | Asked in Real Estate Law for Illinois on
Q: Is a real estate agent responsible for making sure a buyer is aware of the requirements in a condo assn rules and regs?

And at what point in the purchasing process should this take place?

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answered on Mar 28, 2011

No. The buyer and/or a lawyer who represents the buyer at closing would be.

1 Answer | Asked in Real Estate Law for Illinois on
Q: Is a family member a resident if they pay no rent or doenst have a rental agreement by Illinois law?
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answered on Mar 28, 2011

For governmental purposes, yes. such a voter registration, etc. Your lease terms may define residence differently for purposes of that agreement.

1 Answer | Asked in Real Estate Law for Illinois on
Q: In Illinois - is a mortgage valid if signed only by one spouse of a married couple at the time of the loan
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answered on Mar 28, 2011

Yes.

1 Answer | Asked in Real Estate Law for Illinois on
Q: Where can you find info about property that a 50% partner may have used it as security for a personal loan.You do not kn
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answered on Mar 10, 2011

Check the county recorder's office to determine whether a mortgage is on the property. You can also check downstate to determine whether a UCC statement has been filed.

1 Answer | Asked in Real Estate Law for Illinois on
Q: How do I file Tenancy by the entirety for an existing mortgage in Will cointy illinois?
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answered on Mar 9, 2011

If you are asking about your deed, you may file the same at the Will County Recorder's Office in Joliet.

1 Answer | Asked in Real Estate Law for Illinois on
Q: Who is responsible for damages in an apartment fire?
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answered on Jan 7, 2011

There are too many variables for a proper answer to be provided. It could be the owner, the management company, another tenant

or a contractor. You need to post with more facts.

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