Below are a handful of the most frequently asked questions.
Why Lohse Law instead of another real estate attorney or law firm?
The main difference between my practice and other law firms is personal service at a reasonable price. I personally work with each and every client taking the time to answer all of your questions. I am the person that will work with you from day one until the matter is resolved.
This means that I cannot handle as many clients as other law firms that have a staff of legal assistants, paralegals, and law students doing the majority of the work on your file. In order to provide you with the best legal service and attention, I try to limit my caseload to 12 to 15 clients. Law firms that have a huge staff may be able to turn more files and have hundreds of clients, but that means most of the legal representation is handled by a secretary, legal intern, or paralegal. That won't be the case when you hire me.
What are the Legal services you provide to the buyers for property closing?
We will first discuss the overall process of purchasing the property;
Review, explain, and negotiate any changes to the contract, if necessary;
Negotiate repair and inspection items;
Request rent rolls and leases for tenants in the property, if necessary;
Discuss possession and moving-in issues;
Discuss the different options for taking title to the property;
Examine your title commitment to ensure the property is merchantable / marketable;
Explain contract contingencies;
Explain fees and likely closing costs;
Attend the closing to ensure compliance with the contract;
At the closing, compare the loan documents with your loan agreement;
Negotiate any last minute disputes; and
Ensure the Seller’s attorney has properly executed all documentation so that the property and personal property transfers to you.
What are the legal services you provide the seller for the property closing?
Review the signed contract and negotiate any changes or repair issues with the buyer’s attorney;
Ensure the buyer’s earnest money is sufficient;
Examine the buyer’s mortgage terms and ensure they are realistic;
Ensure the tax prorations are fair;
Review terms of any warranties;
Order title commitment for title insurance;
Order a survey if required;
Order association information and acquire paid assessment letters, if required;
Ensure municipal requirements are satisfied (stamps, water, inspections, etc.);
Prepare the Deed to transfer title of the property;
Prepare the Bill of Sale to transfer the personal property;
If a tenant is deceased, prepare documents necessary to transfer the property;
Attend the closing and sign on your behalf if you choose to not attend the closing;
Prepare lease assignments and rent rolls; and
Negotiate last minute disputes.
How Much are Your Real Estate Attorney Fees?
Selling your home Legal fees as low as $295
Buying a new home Legal fees as low as $450
Do you have appointments on weekends?
Yes I am available by appointment only 7 days a week!
Counties including Cook County, DuPage County, Kane County, Lake County, and McHenry County.
Serving the local townships of: Antioch, Arlington Heights, Barrington, Bolingbrook, Carol Stream, Chicago, Des Plaines, Evanston, Fox Lake, Glenview, Grayslake, Gurnee, Harwood Heights, Hawthorn Woods, Highland Park, Hoffman Estates, Hyde Park, Lake Forest, Libertyville, Lincolnshire, Lincolnwood, Lombard, Long Grove, Morton Grove, Mount Prospect, Mundelein, Niles, Northbrook, Oak Park, Palatine, Park Ridge, Prospect Heights, Rosemont, Round Lake, Schaumburg, Skokie, Vernon Hills, Waukegan, Westchester, Wheeling, Wilmette, Winnetka, Zion.
December 21, 2016
Summary: The new law requires that the transfer of real property (real estate) to a trust have a transfer of legal title to the trustee.
There are two new rules regarding the transfer of property to trust.
(1) The transfer of real property to a trust requires a
transfer of legal title to the [...]
If you’re a Chicago landlord with a Chicago rental property, there are many “disclosures” and “notices” that you must provide to your [prospective] tenant. If a landlord fails to comply with properly providing these disclosures, the landlord could very likely end up in court, owing the [...]