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Real Estate Law

What is the role of a home inspection during the real estate closing?

What is the role of a home inspection during the real estate closing? A Home Inspection is an inspection of a home that occurs after a real estate purchase agreement has been signed.  The purpose of the home inspection is to identify any major problems or safety concerns involving the new home to be purchased.  …

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Wholesaling Property – Is it Legal in Illinois?

IS WHOLESALING PROPERTY LEGAL IN ILLINOIS NOW? Governor J.B. Pritzker signed Public Act 101-0357 (“hereinafter referred to as “New Wholesaling Law”), which essentially made wholesaling property illegal in Illinois.  Senate Bill 1873 became law on August 9, 2019. The law in terms of wholesaling became effective immediately. Wholesaling is a when a party enters a …

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What is “As Is”?

Yorkville and Kendall County Real Estate Lawyers What does “As Is mean?  Today’s blog is a discussion about the “As Is” paragraph in the Multi-Board Residential Real Estate Contract 7.0.  Simply put, “as is” means the Buyer takes the property subject to its’ defects and its’ condition.  The Seller is informing the Buyer that the …

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Flipping Attorney

A House Flipping Attorney in Yorkville and Kendall County concentrates in real estate closings and asset protection for real estate investors.  As a real estate attorney, we understand how the real estate closing and entity structure planning process combine together. HOUSE FLIPPING ATTORNEY IN YORKVILLE AND KENDALL COUNTY What is Flipping a House?  Flipping a …

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