Football Focus 2014

Articles filed under Resnick, Tom

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  • Backing out of contract to buy a risky decision Jul 15, 2012 1:00 AM
    Q. My husband and I signed a contract to buy a house and we are supposed to close in the middle of August. This was a cash deal. The seller agreed to fix a couple of things our inspector found at the inspection. We now have been presented an opportunity in another state which we are seriously considering.

     
  • New owners charged for each day closing was delayed Jun 17, 2012 5:00 AM
    Q. My husband and I signed a contract to buy a house being sold by a bank. We had some trouble getting our loan due to some credit issues we had a few years ago. At the closing, we found out we were being charged $50 per day for the extra 20 days it took for us to close.

     
  • Law talk: Despite precautions, buyers of short sales take a risk May 20, 2012 5:00 AM
    A reader who bought a house on a short sale found $4,000 in damages after the closing. He wonders if he can go after the former owners for damage done during the move out. Attorney Tom Resnick answers readers' questions about real estate law.

     
  • Law talk: Deed in lieu of foreclosure usually releases owner from debt May 6, 2012 5:00 AM
    A Deed in Lieu provides you are relieved of the mortgage obligation unless you agree, in writing, not to be fully relieved and the writing occurs at the time the deed in lieu is executed, says attorney Tom Resnick, who answers readers' questions about real estate law.

     
  • Law talk: Short sale involves a third party Apr 8, 2012 5:00 AM
    Q. My wife and I are trying to purchase a duplex on a short sale. It was listed online for $84,900. Now the bank wants $90,000. This seems shady and unethical.

     
  • Law talk: Daughter’s foreclosure would impact parents Mar 11, 2012 5:18 AM
    Our daughter is threatening to just walk away from her townhouse and get an inexpensive apartment. My wife and I are co-signers on her mortgage. Will we now have to pay her mortgage? Attorney Tom Resnick answers readers' questions about real estate law.

     
  • Law talk: Limit tax liability with father’s land Feb 26, 2012 12:00 AM
    If my dad does a quitclaim deed and the property is put in all of our names to keep it from going to probate, and then something happens to my dad or the property is sold, will capital gains still need to be paid? Attorney Tom Resnick answers readers' questions about real estate law.

     
  • Law talk: Absentee owner causes a conflict Feb 12, 2012 12:00 AM
    Q. I entered into a land contract to purchase my house about six years ago. I am now ready to get a loan and pay the balance on the land contract. The seller was an older gentlemen and I’m now wondering if he is receiving the payments or is even alive. Maybe someone else is pocketing the payments and knows once I pay off, the party is over.

     
  • Law talk: Condo associations can claim units Jan 29, 2012 8:13 AM
    We are being sued by our homeowners association for unpaid association dues. They are asking for a lot of money and are also asking that they take possession of the property. Is this legal? Attorney Tom Resnick answers readers' questions about real estate law.

     
  • Law talk: Association dues required at closing Jan 15, 2012 12:00 AM
    Q. I signed a contract to buy a foreclosure property. At the closing, I was told for the first time that I had to pay six months of back homeowners association dues, which came to around $1,200.

     
  • Sellers scoot off with items that should be left in home Dec 20, 2011 6:53 PM
    Buyers discover some of the items that were supposed to go with the house were taken, such as the washer, dryer, attached flat-screen television and water softener. What do they do now? Attorney Tom Resnick answers readers' questions about real estate law.

     
  • Law talk: Encroachment creates quandary Dec 4, 2011 12:00 AM
    Q. We were required to have a survey of our lot done to obtain a building permit for a new fence. When reviewing that survey we found our neighbor’s driveway was built over onto our property by about one foot. The city advised that there is nothing they can do.

     
  • Law talk: Remodeling project becomes legal headache Nov 6, 2011 12:00 AM
    Q. We recently had a kitchen and bathroom remodeling. Three times we asked our contractor, with whom we had done business with before, to send us a Waiver of Lien to which he agreed to do but never did. The contractor is in the midst of a divorce and at the advice of his attorney filed bankruptcy under his company’s old name and set up a new business.

     
  • Law talk: Attorney can advocate for you in land purchase Oct 23, 2011 9:58 AM
    Q. My husband and I are considering purchasing a vacant piece of property in a rural area. We have been told by both the Realtor and the title company that attorneys are not used for closings. Although this all seems pretty simple, we have a few issues we are concerned about.

     
  • Law talk: Ex-husband tries to block sale of house Oct 9, 2011 12:00 AM
    Q. My husband and I were divorced in 2004. I was able to stay in the house with our children. I have made all the mortgage and tax payments. Our divorce decree says that I must sell when our youngest child graduates high school, which is a few years away. For various reasons, I must sell the house now. I told my ex, however, he does not want to sell now due to the lousy market and would rather wait until prices come up. He says he will refuse to sign any documents to sell the house.

     
  • Law talk: Roof leak shows up after closing; who is responsible? Sep 25, 2011 12:00 AM
    Q. My husband and I just purchased our first home. We did a home inspection which uncovered some problems. We agreed to accept $800 instead of the sellers fixing the problems. We have been in the house a few weeks and we have a roof leak. We contacted the seller’s attorney who told us that we made a deal for $800 and that’s it, the seller won’t pay anything more.

     
  • Law talk: Closed pool irks condo buyer Aug 28, 2011 12:00 AM
    Q. I bought a condo in Palatine. The listing said “pool in the summer!” Well, I moved in and found out the pool hadn’t been open in years.

     
  • Law talk: Family trust simplifies inherited rental property Aug 15, 2011 8:32 AM
    Q. My six siblings and I own some property we inherited from our parents. The property brings in a fair amount of income that we split every month. For now, everyone is happy with the situation and it looks like we will keep the property for the foreseeable future. Attorney Tom Resnick answers readers' questions about real estate law.

     
  • Law talk: Lease takes precedence Jul 31, 2011 12:48 PM
    We rented a small house and have a one-year lease. Now the house has been sold and the owner says we must move. Does our lease give us any rights against the new owner, or are we out of luck because of the sale?

     
  • Law talk: Landlord demands more rent Jul 17, 2011 12:00 AM
    A renter moves out at the end of his year lease, but fails to notify the landlord. If a 30-day notice is required, can he be charged three months more rent? Attorney Tom Resnick answers readers' questions about real estate law.

     
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