Become a fan on Facebook!
Follow me on Twitter!
Give me a review on Yelp!
|Violet and I
This office serves clients in real estate transactions of all types. I
also assist clients with estate planning for everyone, including the GLBT community, and represent Illinois condominium associations
as needed. I help real estate investors who are renting their properties deal with difficult renter issues, and I advocate
for renters dealing with difficult landlords.
I work with clients in Chicago and all over the Chicagoland area, including
Wilmette, Skokie, Morton Grove, Plainfield, Wheaton, Glencoe, Lake Forest, Naperville, Oak Park, Winnetka, Des Plaines, Orland
Park, Berwyn, Carol Stream, Arlington Heights, Crystal Lake, Barrington, Palatine, Park Ridge, Gurnee, South Holland, Park
Forest and more.
My goal is to give
each and every client personal, friendly and competent service at a reasonable price. I also strive to use technology in the
best way possible to keep my clients informed.
My legal background includes working for a major Chicago developer and working for a boutique
firm in their real estate division. I am also a landlord of a three flat building in Rogers Park and I am managing broker
of a small real estate brokerage.
I work with all different types of clients, including developers, first-time buyers, buyers of second
(or third!) homes, all sellers and the LGBTQ community.
My real estate blog is below. Please make sure to check
back on a regular basis to check out what's new. I update my blog about once a week and welcome any questions that you may
Ask me too about help with personal injury, divorce, and any other legal issues!
Greenview Drive, Crystal Lake, IL 60014
Recommend my site by clicking here!
Check out my interview, Expert
Advice on Buying a Foreclosed Home on Illinois Homes, one of the top sites
for Illinois homes for sale, including Wheaton,
IL real estate. Illinois Homes also services Michigan homes for sale and Pennsylvania homes for sale.
Wednesday, April 2, 2014
Illinois Offers a New First-Time Homebuyers Program
4:03 pm cdt
home buyers in Illinois could receive further assistance in the process with a new loan program.
A new program,
Welcome Home Illinois, will allow qualified first-time homeowners the opportunity to receive $7,500 toward the down payment
or closing costs as well as a 3.99 percent interest rate on a secure 30-year fixed mortgage. Governor Pat Quinn announced
the program Tuesday.
Borrowers must be first-time home buyers or haven't owned a home in the past three years,
contribute the greater of 1 percent of the overall purchase or $1,000 toward the down payment and have a credit score of at
Welcome Home Illinois is funded through the Illinois Affordable Housing Trust Fund, and Illinois Jobs Now!
home buyers can find additional information about the program and a list of lenders on the Illinois Housing Development Authority website.
What Happens at a Closing?
10:26 am cdt
Many of my first time buyers ask me what exactly happens at closing, and how long it usually takes.
Here is a brief outline of what happens at a closing table.
1) First, you will sign loan
documents. Your attorney will be there to explain all the documents you're signing, and to make sure the terms that you agreed
to in your Good Faith Estimate are the terms reflected in the loan documents.
2) Your attorney
will also review Seller's documents at that time, including a deed, affidavit of title (a promise from Seller that title is
clear), title policy or commitment that has been "waived" (showing that title is clear from liens and encumbrances)
and other pertinent documents for the title company. If you are buying a single family home, and a survey is being provided
by the Seller, that will also be reviewed at that time. Keep in mind when you purchase a foreclosed or short sale property,
a survey may not be provided at closing.
3) After your loan documents are signed, they
will be sent to your lender in order for them to review them. This may take a matter of minutes, or longer, depending on how
busy the lender is. There may be some waiting involved, and this is the wild card in guessing how long a closing may take.
Some closings will take an hour or two, some may take longer. There's no way for anyone to make an educated guess as to how
long it will take because of this.
Once the lender gives a funding "number",
or funding approval, you officially have your loan, and you're a homeowner! You will leave the closing table with copies of
all documents you signed, keys to the property, and possibly a refund check if you brought too much money to the table. I'll
blog more on this in the days to come, and give more detail.