Articles filed under New Homes
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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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US homebuilder sentiment reaches four-month high on 2025 outlookOct 17, 2024 7:45 pm - Sentiment among U.S. homebuilders jumped to a four-month high this month, with the prospect of lower mortgage rates fueling optimism about demand for new houses in the coming year.
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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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Should I purchase a home in a master-planned community?Jan 13, 2024 7:00 am - When shopping for a home, it can be hard to find a property in a desirable neighborhood that boasts attractive surrounding residences, plentiful green space, nearby parks...
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