Real Estate
Residential Real Estate Transactions, more commonly known as “closings,” involve the transfer of title from one person, trust, partnership, or corporation to another. Our attorneys represent either the Seller or Buyer of a house, townhouse, or condominium. We provide personal and prompt attention to our clients and remain in constant contact with all of the other individuals associated with a closing such as the real estate brokers, mortgage brokers, lenders, other attorneys, and title company representatives. We endeavor to have the closing process proceed smoothly and timely while protecting our clients’ interests.
Representing the Seller:
Our attorneys provide the following services when representing the seller:
Review the contract
Negotiate modifications to the contract
Conduct a title search, prepare title work and title commitment through Chicago Land Agency Services and Chicago Title Insurance Company (Joanne Pyes Dicker is an attorney/ agent)
Clear title issues such as liens, mortgages, judgments, and municipal transfer stamps
Order necessary documents such as survey, lender pay-off letters, Waiver of Right of First Refusal (condominiums); Paid assessment letters (Condominiums, Townhomes, or Homeowner associations); broker commission statement
Prepare closing documents, including but not limited to the following: Deed, Bill of Sale, Affidavit of Title, Closing Statement, Municipal, County and State Transfer Declaration forms, and Power of Attorney
Attend the closing including examination of the Settlement Statement.
Representing the Buyer:
Our attorneys provide the following services when representing the buyer:
Review the contract
Negotiate modifications to the contract
Review lender's disclosure of costs and fees, discuss the charges and costs of the loan with the buyer
Monitor all contingency dates in the contract
Discuss with the client the different types of holding title to the property such as Tenants in Common, Joint Tenancy, Tenancy by the Entirety; Land Trust or other Trust
Review and explain all of the lender documents including, but not limited to Note, Mortgage, Riders, closing disclosures, and the estimate of costs
Attend closing including examination review of all closing documents including the Settlement Statement. deed, Bill of Sale, Affidavit of Title, and Title Commitment
Our attorneys have extensive experience in real estate representing the seller or buyer. We strive to provide you with personal and prompt attention to ensure the transaction is successful.