What Does a Title Company Do?

Title is one of the most important things to understand about real estate in Chicagoland and around the country – and it’s also one of the most commonly misunderstood concepts, as well.  To put it briefly, title is the broad term used to describe who has the legal ownership of, and thus the right to sell, a certain piece of property. Before, during, and even after the sale of a home, there are certain types of //READ MORE

2019-07-08T14:20:08+00:00 July 18th, 2019|Community|

Co-Ops Vs. Condominiums in Chicago

Across Chicagoland, mid-rise and high-rise buildings make up a large part of the area’s housing stock. Chicago is the city that birthed the skyscraper, after all, and people here have always placed a significant value on homes that allow you to live in the clouds. Among Chicago’s multi-family buildings, you’ll find two different types of ownership available. Broadly speaking, buyers in Chicago can explore two different types of community-based living – condominiums and cooperatives.  Commonly shortened //READ MORE

2019-07-08T14:09:52+00:00 July 16th, 2019|Community|

Talking About Debt: Three Ways to Start the Conversation

Debt is a fact of life for Americans. It’s incredibly common – and yet, it can be incredibly difficult to talk about, even with friends, family, and trusted advisors.  According to recent reports, the average US household owes about $135,768 in debt, with the average American reporting about $38,000 in personal debt, as of 2018. Americans accrue debt due to any number of reasons, with credit cards, mortgages, auto loans, and student loans serving as some //READ MORE

2019-07-01T14:59:13+00:00 July 11th, 2019|Community|

Breaking Down 4 FAQs About Foreclosure in Illinois

If you are struggling with debt or facing the possibility of foreclosure, you probably have a number of pressing questions.  The foreclosure process can be intimidating and confusing – and facing foreclosure can have serious long-term consequences on your lifestyle, your finances, and your well-being. Facing foreclosure could mean having to vacate your home, lose your accumulated equity, and experience damage to your credit that could have aftereffects lasting for years down the line.  //READ MORE

2019-07-01T14:53:04+00:00 July 9th, 2019|Community|

Bankruptcy for Retirees: Five Things to Consider

Your golden years are meant to be the time when you sit back and relax. Yet, for millions of people across the country, growing older and entering retirement is cause for more financial stress, rather than less. In fact, a 2018 report found that bankruptcy rates were significantly on the rise among older adults. According to reporting from the Chicago Tribune, the rate of bankruptcy among Americans ages 65 and older tripled between 1991 and 2018. //READ MORE

2019-06-21T10:42:26+00:00 July 4th, 2019|Community|