Thursday, December 29, 2016
Tuesday, December 20, 2016
Why you should know about IHDA!
The Illinois Housing Development Authority (IHDA) offers legitimate programs which provide down payment assistance, as well as refinance options for "upside down" homeowners. These excellent opportunities are not limited to first-time homebuyers.
https://www.ihda.org/my-home/buying-a-house/getting-an-ihda-loan/
https://www.ihda.org/my-home/buying-a-house/getting-an-ihda-loan/
FAQ: What is a quit claim deed?
A quit claim deed is used to transfer the legal interests in real estate between two or more parties. This particular form of deed does not provide any warranties to the grantee (i.e. the person to whom the interests are conveyed). Quit claim deeds are commonly used to add a spouse to title or convey property into a living trust, LLC or other type of legal entity. In order to be certain that it meets with the statutory requirements and is valid, it is important to have a quit claim deed properly drafted by an attorney licensed to practice law in the state where the property being conveyed is located.
Friday, December 16, 2016
Thursday, December 15, 2016
Wednesday, December 14, 2016
Monday, December 12, 2016
How much time do I have for a home inspection?
In this area, it is common for a five (5) business day inspection period, and most contracts adhere to that time frame. However, the inspection period may be longer or shorter by agreement of the parties. This inspection contingency begins on the next business day following the date the seller signs the contract (i.e. date of acceptance). For example, if the date of acceptance is on Monday, the inspection period will run through the end of business the following Monday, assuming that no federal holidays occur during that time.
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