Balloon Mortgages generally feature lower interest rates, smaller monthly payments, and lower down payment requirements but the large balance that comes due at maturity may make them too risky for some homebuyers. The inability to pay the balloon payment due at the end of the mortgage term may … [read more]
Divorce sometimes motivates a spouse to use unfair tactics to delay proceedings or hurt the other party. It is essential to recognize these unfair tactics and overcome them as the parties move toward a fair divorce settlement. Games Hinder a Fair Settlement Anger is a common part of the grieving … [read more]
The American Dream of homeownership is once again a reality for those who may have been excluded from the housing market in the past. Buyers who do their homework and understand the local real estate market can avoid disappointment and be ready to close on the home of their dreams. With more buyers … [read more]
When sellers back out of a sale, buyers may be entitled to compensation for their losses. A contract to sell real estate is legally binding on buyers and sellers. Once the agreement is signed and funds are deposited in escrow, neither party can back out without consequences. Why Sellers Back Out On … [read more]
Illinois couples who divorce can choose from several methods. Selecting the best type of divorce for their situation is crucial to a fair and equitable settlement that addresses all of their needs and protects their rights. The First Decision The number of divorces each year equals about half the … [read more]
Mortgage assistance programs make it possible for many home buyers to purchase a house with little or no down payment. To make use of these programs, home buyers must understand which programs are available in their area and qualification requirements for each. Home Ownership can be a Reality The … [read more]
Attempting to reach a divorce settlement without a family law attorney may result in unfavorable terms for one or both parties. Divorce agreements have lasting consequences. Finding an equitable solution to the issues involved in the break up of a marriage can be difficult. The Stakes are Always … [read more]
A conflict of interest may prevent real estate agents from representing their clients' best interests. Dual agency and other less apparent conflicts can place buyers and sellers at a disadvantage. To protect themselves, it is essential that all parties fully understand whose interests the real … [read more]
Hardball negotiation tactics and attempts to undermine the other parent’s credibility when resolving child custody disputes can affect the well-being of children. An open mind and willingness to seek solutions that are in the best interests of the children are the keys to successful and healthy … [read more]
While many closing fees are fixed, real estate closing attorneys will often negotiate who pays them, working with buyers and sellers to reduce out-of-pocket cash due at closing. Closing costs, or the fees paid to complete a real estate purchase, must be paid before title to the property is … [read more]
