For the past 40 years, home prices have sharply risen and homeownership has become increasingly out of reach for many American families. However, a collaborative approach involving builders and lenders can begin to bridge this gap. Wages have only risen 16% since 2012. Home prices … [read more]
Buying a house at auction presents many opportunities and risks. For example, auctions usually don’t allow buyers to inspect a property before placing a bid. Only people who are intimately familiar with the ins and outs of purchasing a home should try their luck at an auction. How Properties End … [read more]
Purchasing a home takes time and planning. Preparing for homeownership means reducing debt, narrowing expectations, and collecting savings. There are nine things every future homeowner should monitor, complete, or avoid when planning to purchase a home. Credit Score The first thing a loan … [read more]
According to the Mortgage Bankers Association (MBA), experts predict that mortgage rates will rise in 2021 despite the Federal Reserve's efforts to keep rates low. The MBA also asserts that the 2020 mortgage market will exceed $3 trillion – an amount not seen since the boom in 2003. However, 2021 is … [read more]
Domestic violence charges can negatively impact a parent’s case for child custody and visitation rights. While Illinois does recognize that having both parents involved in the child’s life is in the best interests of the child, that is disregarded if one or both parents face credible charges of … [read more]
The closing process occurs after the Seller accepts an offer but before the property is transferred to new ownership. In general, the closing process entails three things (1) final approval for the loan, (2) home inspection, and (3) getting homeowners and title insurance. The closing process is … [read more]
Inverse condemnation refers to a legal process in which the government seizes private property and fails to provide just compensation for the taken property. When the government takes property, it is called “condemning” it through eminent domain. If the government fails to provide just compensation, … [read more]
COVID-19 has changed many things for parents, and school changes may have an impact on parenting arrangements when children need to do school from home. Parents may need the services of a child custody attorney to work out these situations so their children can continue to get excellent schooling … [read more]
The COVID-19 pandemic made many legal needs turn virtual, and virtual divorce is providing an option for couples seeking divorce who want to be as safe as possible from the virus. With virtual divorce options, couples can finalize their divorce without having to go to the attorney's office or even … [read more]
The COVID-19 pandemic has caused many parents to reconsider their child custody arrangements, particularly in cases where a custodial parent's job may put a child at risk. Understanding what the IL law requires and allows in changing custody arrangements will help parents decide if it's time to … [read more]
