Bradford Miller Law, P.C. Chicago Real Estate Attorney, Chicago Short Sale Attorney: August 2015

Monday, August 31, 2015

Part 4: Hidden Title Hazards

In spite of all the expertise and dedication that go into a search and examination, hidden hazards can emerge after completion of a real estate purchase. Some examples are:

A forged deed that transfers no title to real estate
Previously undisclosed heirs with claims against property
Instruments executed under expired or fabrication power of attorney
Mistakes in the Public Records

Title insurance offers financial protection against these and other hidden hazards through negotiation by the title insurer with third parties, defenses against an attack on title as insured, and payment of claims.

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.

At bradfordmillerlaw.com you will find information about our firm along with helpful real estate information. Give us a call at 312-238-9298 for a FREE 15-minute consultation to discuss your pending or potential real estate transaction.

Posted by Bradford Miller Law, P.C.

Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

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.

Friday, August 28, 2015

Part 3: Risk elimination and title insurance

An important part of title insurance is its emphasis on risk elimination before insuring to provide the insured the best possible chance for avoiding title claim and loss.

Insuring title begins with a search of public land records for matters affecting the title to property. Examination of evidence from a search is intended to report all material objections to the title. Frequently, instruments that don't clearly pass title are found in the chain, or history, of ownership assembled from the records in a search. These need to be corrected before a clear title can be conveyed. Examples of instruments that can present concerns are as follows:

Deeds, wills and trusts that contain improper entitlement and/or incorrect names
Outstanding mortgages, judgments and tax liens
Easements
Incorrect notary acknowledgements

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

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

Wednesday, August 26, 2015

Part 2: There are two basic kinds of Title Insurance

Owners coverage
Lenders, or mortgagee, protection

Owners title insurance ordinarily is issued in the amount of the real estate purchase and lasts as long as the insured, or his/hers heirs have an interest in the property.

The amount of lenders title insurance decreases and eventually disappears as the loan is paid off. Most lenders require title insurance as security for their investment in real estate, just as they may require fire insurance and other types of coverage.

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

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

Monday, August 24, 2015

Part 1: Why Title insurance?

When purchasing real estate, title to the property is acquired. Problems with title can limit use and enjoyment of real estate, as well as bring financial loss. Title trouble can also threaten the security interest a mortgage lender holds in the property.

Protection against hazards of title is available through a unique coverage known as title insurance. Unlike other kinds of insurance that focus on possible future events and charge an annual premium, title insurance is purchased for a one-time payment and is a safeguard against loss arising from hazards and defects already existing in the title.

Posted by Bradford Miller Law, P.C.

Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

Wednesday, August 19, 2015

Are you a first time home buyer?

A "first time home buyer" is typically a person with no ownership interest in a principal residence during the three-year period preceding the purchase of the property. There are often incentives for first time home buyers so be sure to talk to your lender about any programs currently available. Owning a home rather than renting is a great way for you to build wealth. Buying property increases your net worth. If you are thinking of buying a home or purchasing an income property, Bradford Miller Law, P.C. can help you every step of the way 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

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

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

Monday, August 10, 2015

Important steps after you purchase a home

Whether you’re a first-time buyer or a repeat buyer, you’ll want to take a few more steps after you close on your house.

The papers you received at the closing are extremely valuable. Be sure you hold onto them because they will help establish tax deductions for the year in which the property was purchased and when the property is sold in the future. In some cases, they may be used for calculating estate taxes.
Many owners make a photo or video record of the home and their possessions for insurance purposes. Your insurance agent can recommend what to photograph and how to secure it.

Posted by Bradford Miller Law, P.C.

Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

Tuesday, August 4, 2015

How to choose an investment property

While price is important, it's also important to look for homes that are likely to attract stable tenants in decent neighborhoods. The best deals when purchasing an investment property can come from Short Sales and Real Estate Owned (REO's) properties.Consider using a Realtor who is knowledgeable in this field as they will be familiar with the bank's requirements and will be able to handle the paperwork associated with these types of deals.

Posted by Bradford Miller Law, P.C.

Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

FREE SHORT SALE HELP

Are you "under-water" in your home? Do you owe more then the property is worth? You should consider doing a short sale. Chicago short sale attorney Bradford Miller offers free legal representation to homeowners doing a short sale. The first step is to call Attorney Bradford Miller for a free 15 minute phone consultation. If we accept you as a client, our representation will be free to you and its possible you will even receive some money to help you relocate. Homeowners should know what their options are and what to expect. Call Mr. Miller today at 312-238-9298.

CHICAGO REAL ESTATE LAW BLOG

Bradford Miller Law, P.C. focuses on real estate law, landlord tenant law and estate planning. This is the chicago real estate law blog. If you are interested in reading about landlord tenant law, visit that blog at http://chicagoltlaw.blogspot.com/. If you are interested in estate planning, visit http://chicagoestateplanning.blogspot.com/. The law firm's main website is www.bradfordmillerlaw.com.

This blog will focus on real estate law in the Chicagoland area. Topics include real estate transactions ("closings"), closing costs, and real estate taxes, among other things.

Helping people in this distressed real estate market

Whether you live in Chicago, Berwyn, Orland Park, Naperville, or another suburb, Bradford Miller Law, P.C. can provide the legal representation you need. Short sales are becoming more and more prevalent, currently making up approximately 35% of the market. Sellers need to understand what a short sale is and what the consequences may be. Mr. Miller offers a free 15-minute phone consultation to any homeowner contemplating a short sale.

Bradford Miller Law, P.C. also offers representation to traditional sellers. Sellers can find a variety of information at http://www.bradfordmillerlaw.com/ under the "Sellers" section. Mr. Miller offers a free 15-minute phone consultation to any homeowner looking to sell their property.

Buyers, and especially investors, are taking advantage of the real estate market. Bradford Miller Law, P.C. offers comprehensive legal representation when making a purchase. Call for a free 15-minute phone consultation.