Archived
In a real estate transaction with multiple owners, does it require everyone's approval before the property can be conveyed?
Lauren's answer
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Answered on August 12, 2015
If the property was left in a trust, typically the trustee has the authority to make decisions regarding the conveyance of trust assets. That...
Archived
I entered into a Option Contract to purchase real estate and paid money. Now that person is saying the Contract has expired.
Lauren's answer
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Answered on August 10, 2015
You need to have a real estate attorney review the contracts to determine what your rights are pursuant to the terms of the agreements. Depending...
How do I find a trust fund that was left for me ?
Lauren's answer
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Answered on July 28, 2015
Trusts are private documents. They are not filed anywhere and nothing is reported to any court of law when the grantor of the trust passes away. ...
Archived
The beneficiary of an annuity is a trust, can proceeds distribute over the lifetime of the oldest trust beneficiary upon death?
Lauren's answer
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Answered on July 23, 2015
It will depend on the terms of the annuity and certain provisions of the trust. You need to consult an attorney to see if the trust contains the...
Archived
What is considered extreme property tax delinquency in Elgin, Kane County before a home can be repossessed by the village?.
Lauren's answer
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Answered on July 21, 2015
Properties for which taxes have not been paid are sold by the county at a Tax Sale. Before the sale of such properties taxes, the County Collector...
Archived
How to void signed contract with home flipper/buyer?
Lauren's answer
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Answered on July 21, 2015
You need a real estate attorney to review the document and advise you how best to cancel, however, a one page contract cannot be all that detailed...
Archived
In the state of IL would an email and a verbal agreement be enough of a contract for renting a house?
Lauren's answer
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Answered on July 15, 2015
It would depend on what the email says but you would at least have a month to month lease. That is the presumption when there is no written agreement.
Archived
My mothers house/condo is in a land trust and the three sons are the beneficiaries. she is going on nursing home. Is house prote
Lauren's answer
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Answered on July 14, 2015
It does matter how long ago the property was transferred into the land trust and it may be protected depending on when the transfer was made.
Archived
How do I sell my property (within a trust) if when I purchased it, I was not properly assigned beneficial interest?
Lauren's answer
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Answered on July 09, 2015
There are companies that locate people as a part of their business. It is called a skip trace. I would start there to find your seller. If a skip...
Archived
I'm looking for information on who has legal rights to maintain the lawn around a mailbox on an easement.
Lauren's answer
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Answered on May 12, 2015
It depends what the easement says, but typically the land owner will have to maintain it.