Tom Resnick


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Couple discovers past loan still a “lien” on their home

Aug 25 2017 | 1:36 pm - Q. My wife and I are in the process of obtaining a home equity loan for our co-op apartment. We currently have one mortgage on the co-op and are obtaining a home equity loan from a second bank in order to renovate the kitchen. Everything was going...

Best to keep up your utilities on, and record clear

Aug 11 2017 | 11:56 am - Q. My tenant is living in my rental house, has not paid rent or utilities and the lease states that the tenant is responsible for utilities. The utilities are in my name.

If rental unit is unlivable, get city involved

Jul 14 2017 | 1:35 pm - Q. I rented the lower level of a house in Naperville about 18 months ago. Recently I had to contact my landlord regarding not only mice but mold.

A 1031 exchange delays, not eliminates, capital gains taxes

Jun 02 2017 | 10:23 am - Q. I have a question about a 1031 exchange. Am I required to use the entire proceeds from my sale on my purchase of the new property or can I take some of the proceeds from my sale and use the balance for my purchase?

It’s fairly uncommon for seller to stay past closing

May 19 2017 | 4:44 pm - Q. My husband and I are buying our first home. We have agreed on everything with the sellers except for one thing. They are an older couple and need extra time to move out.

Radon level can be contentious in sale negotiations

Apr 21 2017 | 5:53 pm - Q. My husband and I signed a contract to purchase our first home. We did a radon test as part of the home inspection. The test showed the radon levels were above the EPA guidelines.

Buyers have legal remedy for refrigerator switch

Mar 10 2017 | 2:16 pm - Q. My husband and I bought our first house a few weeks ago. The contract stated the refrigerator would be included. There was a beautiful new refrigerator in the kitchen and a very old refrigerator in the garage.

Land trust supersedes will regarding inheritance

Feb 24 2017 | 3:30 pm - Q. My uncle died late last year and his will stated that any real estate he owned would go to me and my wife. He owned a small house in Wauconda that’s probably worth around $200,000.

Easement restriction clouds necessity to remove dead tree

Feb 10 2017 | 2:44 pm - The back 50 feet of our lot is a designated preservation easement to protect the native forest setting. We own the land but cannot remove or trim any trees in the easement without prior authorization from our village.

You may need to help landlord find your ex

Jan 13 2017 | 12:36 pm - Q. I lived with my boyfriend for about a year and a half in an apartment we rented. I left with about seven months to go in the second year of our lease. We agreed that he would be totally responsible for the rent payments until the lease was up.

items 1-10 out of 129