I have owned a rental house in chicago under a IL LLC for 6 years. I moved to GA a year ago and continued to lease the house in IL. 10 months ago my IL LLC was involuntarily disolved by the State of IL because I didn't file annual report. Now I wa...
You have the basic grasp of the process, but you should get your LLC active before transferring. Only an active LLC can do business in IL--that includes transferring property. If you do organize in GA, you will still have to file in IL as a foreign LLC. Talk to an attorney.See question
When is a refinance transaction considered "consummated": is it legally consummated only after all material terms and disclosures are received and agreement signed by the borrower; or is it legally consummated at the time of signing, regardless if...
It depends. In some circumstances, it's when you sign. In others, it's 3 business days after you signed. All disclosures should have been given to you when you applied for the mortgage.See question
I'm buing a foreclosure and need to get a land survey of a single family property in Chicago. It's a regular Chicago lot 25x130. How much does a survey normally cost in Chicago? Can I obtain a copy of the previous survey? Thank you!
A simple plat of survey will cost you between $250-$400. The old survey, if you can find one, will only show the encroachments at the time the survey. That means if a fence, new sidewalk, porch, addition, garage, etc. was built since the old survey was done, you may not know if you have an issue. Also, most lenders will not accept a survey that is greater than 6 months old.See question
he pay 600$ in twenty days. Should he ignore the letter or pay?
Don't do either until you speak to an attorney.See question
looking to go into a rental but what if my mortgage lender finds out i have money to pay rent? can they interfere with my rental contract?
Contact a lawyer licensed in Illinois who understands foreclosure law. There are options that will help you now and in the long run.See question
tenant doesn't response to repeated inquiries for the payment and issued a check as payment for 2 mos. but doesn't have any sufficient funds for it. frustrated as a landlord of a 1-unit condo.
Email does not suffice.See question
Came home from out of town to find my apt had been flooded. Management company has begun taking action by having large fans drying out the effected bedrooms for 3 days thusfar. I have been staying in an isolated area of the apt and have newly devo...
Have your doctor put in writing that your condition relates or has been aggravated by mold spores. Send the doctor's note to the management company. Also, you can purchase a cheap mold test kit from Home Depot. This will help show that the mold that got you sick was present in your apartment.See question
I have not done anything to violate the terms of the lease and have paid all my rent on time. What happens if he gets foreclosed on? Can the bank break my lease?
If your landlord wants you out sooner than your lease states, he will have to pay you to go. There are protections from foreclosure for tenants, but you will have to exercise your rights. Contact an attorney to discuss.See question
fixing an exsisting light fixture. He has said he was coming almost every day since then to fix the problem but always has a reason he needs to cancel. I again paid the rent on Jan 1 and was told an electrician would be coming on jan 2 to fix the...
The first step s to review the lease to see whose responsible for this repair. If it is indeed the landlord, send a registered letter to the landlord stating that if the repair isn't made, you will make it and deduct it from the rent. You can also report it to 3-1-1 if it violates the city's housing standards.See question
Read my lease and this is not specified/... Walks into premise after being asked to call before just showing up.. Comes in without knowing... Threatens me even though pays rent on time.. All emails state he is in the wrong.. But cont
Send your lease to an attorney to review. He or she can tell you what your rights are. Assault, trespass, and battery are things to report to the police.See question