Tom Resnick
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Is litigation the only answer when a seller refuses to return deposit?Mar 13, 2025 3:21 pm - What should a potential buyer do when the seller refuses to release earnest money after the sales contract is withdrawn after the property’s condition is deemed unacceptable? While a court action may be needed, there could be another solution.
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Options for financing a home sale to a friendJan 16, 2025 12:39 am - A friend wants to buy a home you own, and wants you to offer seller financing. How does the seller sort out the best financing options?
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Hey kids, if the house is in a trust, it’s not an estate assetOct 24, 2024 8:56 pm - After the death of their mother, the surviving children disagree on who now owns her house. Some say it goes to all of them, but one thinks the trust gave the house to her alone. The key to the answer is in the county recorder’s office, the deed and trust documents.
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Get it in writing! Oral agreements are valid, but hard to proveAug 29, 2024 3:48 pm - Ending a lease in the middle of the contract can but done, but it’s best to get the agreement from your landlord in writing; otherwise the written lease may prevail in court.
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Do leases automatically renew unless you give notice? It’s not the law.Jul 25, 2024 6:00 am - An owner wants to keep a renter’s security deposit because he didn’t give 60 days notice. He said it’s the law. It’s not, but it could be in the lease.
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It’s complicated: Is homeowner responsible for unpaid subcontractors?Jun 14, 2024 11:00 am - A homeowner was surprised to receive notice of lien from a subcontractor after getting some work done on their house. How can this situation be prevented?
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Proceed cautiously when lawyers reach out after closingMay 03, 2024 6:00 am - How can this former condo owner prove he knew nothing about the assessment for a new roof?
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How long can a tenant stay after a condo is sold?Mar 28, 2024 7:38 pm - A long-term tenant might be expecting to stay through the summer if the condo is sold this spring. Can the landlord end the tenancy earlier?
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Are security deposits more trouble than they are worth?Jan 26, 2024 6:00 am - Q. I have owned rental property in the Chicago suburbs for many years. Over the past year or two, many of the folks that I know that also rent property in the area st...
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It’s difficult, but not impossible, to end a three-year contract earlyDec 19, 2023 1:19 am - Q. I have been renting office space from a guy that owns a house that was converted to offices a few years ago. I signed a three-year lease with two three-year option...
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