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February 26, 2010

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Real Estate Resources

The best way to inform yourself about Illinois Real Estate Law and Real Estate related topics. Our Real Estate Resource Center includes the following sites for your personal use:

Are you currently looking to purchase Illinois real estate? If so, contact one of our experienced Illinois real estate lawyers today!

Did You Know?

Three theories exist regarding who has legal title to a mortgaged property
Under the title theory title to the security interest rests with the mortgagee. Most states, however, follow the lien theory under which the legal title remains with the mortgagor unless there is foreclosure. Finally, the intermediate theory applies the lien theory until there is a default on the mortgage whereupon the title theory applies.

	Newsroom
	News about real estate cases in Illinois and nationwide: Washington Real Estate Investment Trust Acquires 6565 Arlington Blvd for $30 Million ROCKVILLE, Md.--(BUSINESS WIRE)--Aug. 11, 2006--Washington Real Estate Investment Trust (WRIT) (NYSE:WRE) has acquired 6565 Arlingto... Read more > California's Real Estate Regulations Of Broker Supervision Broker SupervisionA broker shall exercise reasonable supervision over the activities of his or her salespersons. Reasonable s... Read more > Office Of Real Estate Appraisers Cracks Down On Unethical Behavior Of Real Estate Appraisers The first case involved an accusation of performing appraisals in a series of transactions in which Mr. Thomas E. Williams, of Riverside, was alleg... Read more > More Real Estate News >

Real Estate Terms

Today's Terms

Lease

Definition:
A lease is an agreement between a landlord, property owner or property manager and a tenant. The agreement covers issues such as rental amount and length of time the lease is in effect. The rental amount may include or exclude property taxes, garbage pickup fees, utility costs, property maintenance and other expenses.

Annual Percentage Rate (APR):

Definition:
Calculated by using a standard formula, the APR shows the cost of a loan; expressed as a yearly interest rate, it includes the interest, points, mortgage insurance, and other fees associated with the loan.

Certificate of title

Definition:
A document provided by a qualified source (such as a title company) that shows the property legally belongs to the current owner; before the title is transferred at closing, it should be clear and free of all liens or other claims.

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Real Estate Resources

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Real Estate Hot Topics

Topics Related to Real Estate Law:

Commercial Real Estate
Construction
Condemnation
Landlord / Tenant
Mortgage Matters

Illinois Real Estate Attorney

If you live in the following cities and need an real estate attorney you should contact our Real Estate Attorney as soon as possible:

Arlington Heights
Aurora
Bartlett
Berwyn
Bolingbrook
Buffalo Grove
Carol Stream
Chicago
Chicago Heights
Cicero
Des Plaines
Elgin
Glenview
Granite City

Harvey
Joliet
Lockport
Lombard
Mchenry
Moline
Mount Prospect
Normal
Oak Lawn
Palatine
Plainfield
Tinley Park
Waukegan
Wheaton

Legal Disclaimers
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Real Estate Attorney Illinois.com is not intended to be real estate advice, but merely conveys general information related to real estate issues commonly encountered.

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