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Articles filed under Resnick, Tom

Homeowners who turn 65 in 2020 get exemption next year

By Tom Resnick
Jul 10, 2020 7:01 AM - Q: My husband and I own a single-family house in Cook County. My husband turns 65 a little later this year. When are we eligible for the senior exemption and how do we go about applying for it?
Short sales typically require extension of deadlines

By Tom Resnick
Jun 19, 2020 7:58 AM - Q: My husband and I are trying to buy our first home and we found a property that our real estate agent tells us is a short sale. What concerns us is the seller wants us to apply for our loan and do the inspection now so he knows if there will be any problems with us going forward. Is this the usual way this is done?
Student has lease despite staying at home to study

By Tom Resnick
May 22, 2020 6:00 AM - Q: Our daughter attends the University of Illinois at Urbana-Champaign. After spring break, all classes were moved to an online format and she finished her semester at home. She also has a lease for next year.
Tenants and landlords should be able to negotiate

By Tom Resnick
May 19, 2020 10:05 PM - Q: I rent an apartment with two other guys. One of the guys lost his job and can no longer pay rent. We don't really want him to leave but me and my other roommate really need his one-third share.
Tenants and landlords should be able to negotiate

By Tom Resnick
May 8, 2020 6:00 AM - Q: I rent an apartment with two other guys. One of the guys lost his job and can no longer pay rent. We don't really want him to leave but me and my other roommate really need his one-third share.
Pandemic causes panic for homebuyers and renters

By Tom Resnick
Apr 10, 2020 6:00 AM - Q. I'm sure you are getting many questions about this, but my husband and I signed a contract to purchase our first house in early March. Since then, both of our salaries have been cut back due to the coronavirus.
Property taxes should be fairly split between buyer, seller at closing

By Tom Resnick
Jan 31, 2020 7:00 AM - Q: My husband and I purchased our first home in December. We haven't had any problems but a Realtor friend of ours recently told us we should expect a large increase in our tax bill.
Condo buyers must be given association's financial documents

By Tom Resnick
Jan 17, 2020 6:00 AM - When selling a condominium, the provisions of the Illinois Condominium Property Act dictates that certain financial documents shall be furnished by seller to the buyer, including, but not limited to, a copy of the association's declaration, bylaws, rules and regulations, anticipated capital expenditures and financial and budget statements.
Seller keeps rent deposit from new building owner

By Tom Resnick
Nov 29, 2019 6:00 AM - Q: My husband and I purchased a six-flat a few months ago. This was our first purchase of an investment property. Everything was going along fine until one of our tenants told us he was moving out at the end of November. No problem with that except he asked us when he would be receiving his security deposit back.
Roof leak on porch could become legal problem

By Tom Resnick
Oct 26, 2019 6:00 AM - Q: My wife and I purchased our first home a few months ago. Over the past few weeks, we have experienced the roof leaking on our screened-in porch when it rains. Do we have any kind of case against the seller or the inspector?

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