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Buying or selling a home in Illinois. Do you need an attorney?

Buying or selling a home ranks as one of the top financial transactions in most people's lives. It’s an important event – one that deserves the attention of a real estate attorney who is thoroughly versed in Illinois Real Estate Law. The Law Offices of Matthew R. Gebhardt, P.C. is an Illinois real estate firm with the skills and experience needed to ensure that your rights and interests are protected.

Do I need an attorney for a real estate closing? Yes! Your attorney can protect you from costly mistakes, errors in the documents, errors in the figures, and problems that could lead to litigation or other costly legal action. The nominal closing fee for an attorney is far less than the undetected clerical errors and fees for post-closing legal action that many people without a competent attorney incur.

What does the attorney do for me? If you are the Buyer, your attorney will:

· Review and negotiate the specific terms of the contract;

· Help you evaluate financing options and explain the terms of your loan;

· Evaluate all documents, such as the deed, title policy, mortgage, survey, closing statement and seller disclosure statement;

· Attend the closing and make sure you receive clear title; and

· Inform you of any facts that affect your interest and provide counsel if difficulties arise.

If you are the Seller, your attorney will:

· Review and negotiate the specific terms of the contract;

· Order title searches, surveys, mortgage payoff letters, condominium documents and all other items required for closing;

· Prepare the deed, all other closing documents and prepare the closing figures;

· Schedule the closing at a time and place that is convenient for you;

· Attend the closing and make sure that you convey clear title; and

· Inform you of any facts that affect your interest and provide counsel if difficulties arise.

In addition, we can assist you with many other aspects of Real Estate Law. We can provide legal counsel and services in connection with mortgage loan refinancing, section 1031 exchanges, leasing foreclosures, defaulted loan workouts, new construction transactions, drafting of property deeds, and many other real estate issues which may affect your personal or business interests.

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