For what it is worth, I would say that the attorney has a duty to review the 22.1 disclosure. In fact with condo transactions, I feel that is the...

I would agree with much of the comments my colleagues have made, with the exception of one point. Most attorneys that do a significant amount of...

No, there is no grace period which allows you to terminate the lease. The lease is a contract and once signed, you are bound by its terms. ...

Can the bank keep us from renting out our home if we have lived in it for the past 5 yrs and fullfilled the occupancy clause?

While the standard mortgage language does indicate that you need to occupy the property within 60 days of closing, and continue to occupy the...

Does the assoication have the right not to allow you to rent nor sell your unit to a buyer who wishes to rent upon closing?

Yes, so long as the Declarations do not allow rentals; however a good question to pose to the Board is why, in this market, do they want to...

Spouse dies with no will. Does everything go the living spouse?

Under the Illinois Probate Act, 755 ILCS 5/2-1(a), if a spouse dies with no will (intestate), the estate is divided 50% to the surviving spouse and...

Foreclosure vs. Short Sale

While I am only licensed to practice in Illinois and you should confirm anything with a lawyer in Virginia, your credit is already affected by the...