Have you thought about buying a home through a mortgage foreclosure or short sale in the hopes of getting a bargain? In light of today’s unpredictable housing market, opportunities still exist to buy a home that might otherwise be out…
In our past blog post, "Holding Title to Real Property as Joint Owners," we discussed the various forms of joint ownership and how each have different consequences. In many cases, individual and joint buyers of real property do not even…
When more than one person takes title to real property, the joint owners will have to decide the nature of the title to their property, which will impact upon each person’s rights. Illinois law allows for title to be held…
The Equal Pay Act of 2003 ("Act") prohibited Illinois employers with four or more employees from paying unequal wages to male and female employees for doing "the same or substantially similar work." Exceptions If the difference in wages is based…
Many Chicago home buyers fail to understand the limited scope of home inspections. Are they a necessary part of the home buying process? Absolutely, but there are some facts you need to be aware of and you can’t always count…
We could begin this article with depressing numbers and statistics associated with Alzheimer’s, but this article is to provide you with basic information on how to prepare and safeguard your finances and wellbeing, regardless of whether symptoms are currently present…
The decision to own versus rent is as much an economic decision as it is a lifestyle decision. Have you crunched all the numbers? The biggest mistake future homebuyers make is comparing a month's rent to a month's mortgage payment.…
The median age of a homebuyer in 1985 was 35. According to U.S. Census data, today the median age of a homebuyer is 43. The rise in buyer demand combined with a limited number of homes for sale pushed the…
Real Estate Sales Data - August 2015 The rise in buyer demand combined with a limited number of homes for sale, pushed the national median sales price above its 2006 peak and to a record high. The first-half home sales…
In December 2014, the City of Chicago City Council passed Mayor Emanuel’s ordinance to raise the minimum wage for all Chicago workers to $13.00 per hour by 2019. The ordinance raises the minimum wage in steps; beginning with an increase…