Thursday, March 15, 2018

How to make an Offer to a Purchase.

Typically, when homebuyers are ready to make an offer, they meet with the real estate agent and complete the Offer to Purchase form together. You may also want to write your offer with the help of an attorney. Although you can prepare an offer yourself, it is not recommended.

An Offer to Purchase includes detailed, complex information. If you try to write an offer by yourself, you may make mistakes, omit or include items that would put you at a disadvantage relative to other buyers or trap yourself into an agreement that is not in your best interest.

When you are ready to make an offer, get a copy of your state's form from the real estate agent and look it over carefully. Have either the real estate agent or an attorney thoroughly explain every item on the form to you so that you understand exactly what you are committing to before you actually write an offer.

Bradford Miller Law, P.C. can assist you with all your real estate needs at a very reasonable rate. We are adept at saving our clients time and expense while rigorously protecting their interests.Whether you are buying, selling, renting a property or need assistance with a building code violation we can help. Our experienced Real Estate Attorneys have been representing real estate clients for several years and have earned membership in the Better Business Bureau and we have great reviews on Yelp.

Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
10 S. LaSalle, Suite 2920
Chicago, IL 60603

Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Estate Planning Lawyer, Chicago Leases, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate closings, Chicago building code violations, Short sale attorney Chicago. This is intended to be advertising.  Please consult with an attorney before acting on any information given here.

Tuesday, February 27, 2018

What is a Contract for a Deed?

Under a Contract for Deed, the Buyer makes regular payments to the Seller until the amount owed is paid in full or the Buyer finds another means to pay off the balance. The Seller retains legal title to the property until the balance is paid; the Buyer gets legal title to the property once the final payment is made. If the Buyer defaults on the payments, the Seller can repossess the property. In some states, a Seller who repossesses a property must reimburse the Buyer for the fair value of improvements to the house, as well as a reasonable amount for rent.

Contracts for deeds are valid options, and even the primary option for Seller financing in most states. The process typically starts as a negotiation between the Buyer and Seller. Generally, stock and boilerplate terms cannot apply. The average length of a Contract for Deed is five years, but it can be for any amount of time that the Buyer and Seller agree on. Interest rates on a Contract for Deed are not regulated, so they can be as high or as low as the Buyer and Seller can agree on.

Through the search and the examination, title problems like these are disclosed and can be cleared up when possible. Bradford Miller Law, P.C. can assist you with all your real estate needs at a very reasonable rate and will ensure that you receive a clear title.  We are adept at saving our clients time and expense while rigorously protecting their interests.Whether you are buying, selling, renting a property or need assistance with a building code violation we can help. Our experienced Real Estate Attorneys have been representing real estate clients for several years and have earned membership in the Better Business Bureau and we have great reviews on Yelp.


Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
10 S. LaSalle, Suite 2920
Chicago, IL 60603


Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Estate Planning Lawyer, Chicago Leases, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate closings, Chicago building code violations, Short sale attorney Chicago. This is intended to be advertising.  Please consult with an attorney before acting on any information given here.

Tuesday, January 30, 2018

What is a mortgage agreement?

A Mortgage Agreement is a pledge by a borrower that they will relinquish their claim to the property if they cannot pay their loan. Contrary to common belief, a Mortgage Agreement isn't the loan itself; it's a lien on the property. Property can be expensive and sometimes a lender wants more than just the loan agreement to back everything up. A Mortgage Agreement is the remedy in case the loan isn't repaid.

Use the Mortgage Agreement document if:
  • You're borrowing money to purchase property.
  • You're lending someone money to purchase property.
  • You manage a company that makes loans.
If you're in the process of buying property there's a good chance you'll need a Mortgage Agreement. Buying a home is often a person's biggest investment, and some collateral may need to be involved. As a borrower, you can't borrow an enormous sum of money without some incentive to pay back the loan - a Mortgage Agreement serves to guarantee the loan. Conversely, as a lender you're likely not going to want to lend a large sum of if you feel you won't get it back. A Mortgage Agreement puts a lien on the property and provides security to lenders.

Bradford Miller Law, P.C. can assist you with all your real estate needs at a very reasonable rate. We are adept at saving our clients time and expense while rigorously protecting their interests.Whether you are buying, selling, renting a property or need assistance with a building code violation we can help. Our experienced Real Estate Attorneys have been representing real estate clients for several years and have earned membership in the Better Business Bureau and we have great reviews on Yelp.

Published by: Bradford Miller Law, P.C.
10 S. LaSalle, Suite 2920
Chicago, IL 60603
312-238-9298

Key words: Chicago short sale attorney, Chicago residential real estate attorney, Chicago landlord tenant law attorney, Chicago Landlord Attorney, Chicago eviction attorney, Estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate attorney fees, Chicago estate planning attorney. This is intended to be advertising. Please consult with an attorney before acting on any information given here.

Tuesday, January 23, 2018

Making a decision to purchase a home or renting.

Buying a home is an exciting decision, and there are a lot of great reasons to go for it. In addition to the natural pride and satisfaction being a homeowner brings, you’ll typically be able to build up your personal equity, potentially get tax breaks, and redecorate and renovate any way you like (time for that orange shag carpeting to finally meet its maker). Still, buying a home isn’t always the best choice for everyone – depending on your plans for the foreseeable future, you may be better off renting for the time being.

Your Realtor will be able to give you a more detailed perspective – we encourage you to contact them for a candid conversation on this (or any other real estate related) topic. They’re your eyes and ears into your local real estate market, and can provide valuable insights into local market trends to aid you in your decision.

Bradford Miller Law, P.C. can assist you with all your real estate needs at a very reasonable rate and will ensure that you receive a clear title.  We are adept at saving our clients time and expense while rigorously protecting their interests.Whether you are buying, selling, renting a property or need assistance with a building code violation we can help. Our experienced Real Estate Attorneys have been representing real estate clients for several years and have earned membership in the Better Business Bureau and we have great reviews on Yelp.

Published by: Bradford Miller Law, P.C.
10 S. LaSalle, Suite 2920
Chicago, IL 60603
312-238-9298

Key words: Chicago short sale attorney, Chicago residential real estate attorney, Chicago landlord tenant law attorney, Chicago Landlord Attorney, Chicago eviction attorney, Estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate attorney fees, Chicago estate planning attorney. This is intended to be advertising. Please consult with an attorney before acting on any information given here.

Tuesday, January 16, 2018

2018 Illinois Housing Market Forecast

Things are looking good for the Illinois housing market as we start 2018. More and more people are buying homes and it is expected that the average monthly home sales will increase from -0.1% to +16.4%. 

Let us help you sell your current home and purchase your dream home!

Published by: Bradford Miller Law, P.C.
10 S. LaSalle, Suite 2920
Chicago, IL 60603
312-238-9298

Key words: Chicago short sale attorney, Chicago residential real estate attorney, Chicago landlord tenant law attorney, Chicago Landlord Attorney, Chicago eviction attorney, Estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate attorney fees, Chicago estate planning attorney. This is intended to be advertising. Please consult with an attorney before acting on any information given here.


Thursday, January 11, 2018

What is REIT?

There is a type of investment that can put you into the real estate arena without buying a fixer-upper or searching for decent tenants...

It's called a real estate investment trust, or REIT for short.

A REIT is a company that owns and manages income-producing real estate.

REITs were created by an act of Congress in 1960 to enable large and small investors to enjoy the rental income from commercial property.

REITs are governed by many regulations, the most important being that they must distribute at least 90% of their taxable income to shareholders each year as dividends. That’s why they’re so popular with investors seeking steady income.

Published by: Bradford Miller Law, P.C.
10 S. LaSalle, Suite 2920
Chicago, IL 60603
312-238-9298

Key words: Chicago short sale attorney, Chicago residential real estate attorney, Chicago landlord tenant law attorney, Chicago Landlord Attorney, Chicago eviction attorney, Estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate attorney fees, Chicago estate planning attorney. This is intended to be advertising. Please consult with an attorney before acting on any information given here.