Uncategorized Archives - Page 3 of 3 - Law Firm in Cicero, IL | Trusted Cicero Lawyer

January 24, 2022 Uncategorized

Loan Modification vs. Short Sale: Which is Better?

If you’re struggling to make payments on your home, or you’re simply looking to avoid financial hardship, you may be considering loan modification or a short sale. While both options can provide you with the financial relief you’re looking for, the choice that’s best for you will depend on your unique situation. Regardless of your circumstances, an experienced real estate attorney can help you make the best, most cost-effective decision for you and your family. Read on to learn more...

December 21, 2021 Uncategorized

Guide to Warranty Deeds in Illinois

A warranty deed is a legal document that a property owner signs in certain circumstances when transferring their property to a new owner. Warranty deeds are commonly used when selling residential, single-family property. Signing a warranty deed guarantees that the property being sold is legally yours to transfer, that it’s in the same condition as advertised, and that there are no undisclosed mortgages or liens tied to it. If any problems come to light with the property after signing the...

October 28, 2021 Uncategorized

Your Guide to Incapacity Planning and Why It’s So Important

Many people understand the importance of making a will. It’s a caring way to ease the burden of responsibility put on your loved ones after you pass on. However, few people take into consideration the chance that they may become incapacitated at some point in their life and be unable to care for themselves or make important decisions. For example, you could develop Alzheimer’s or dementia, sustain a serious injury, or develop a mental illness. Including a plan for incapacity...

September 22, 2021 Uncategorized

Filing Chapter 7 Bankruptcy in Illinois – Pros and Cons

Filing Bankruptcy – Chapter 7 in Illinois Chapter 7 bankruptcy is a method for eliminating your debts through liquidation. It’s a good option for people who have a low income and few assets. Chapter 7 Bankruptcy is a federal program, which means it functions the same in Illinois as it does in other states. Chapter 7 bankruptcy involves liquidating your property to pay off your debts. This means you will have to surrender most (but not all) of your property....

August 22, 2021 Uncategorized

Moving Forward After the Foreclosure Moratorium 2021

The Federal Foreclosure Moratorium Ends The federal foreclosure moratorium expired on July 31, 2021, and it has not been extended. This means that individuals who have properties financed by USDA Single-Family Housing Direct and Guaranteed loans, and were previously facing foreclosure, may now lose housing protections. The good news is that the Federal Housing Administration has extended the Single Family Eviction Moratorium until September 30, 2021. This won’t prevent foreclosure proceedings, but it may delay you from being displaced from...

May 3, 2021 Uncategorized

How to Prepare for an Estate Planning Meeting

Estate planning can be a stressful and emotionally draining process. But taking the time to develop a plan ensures that those you care about won’t have to suffer through unnecessary legal hardships on your behalf. To relieve some of your stress, we’ve put through this guide to educate you on how to prepare for an estate planning meeting. The 4 Important Factors of Estate Planning Estate planning can be broken down into four general components. Let’s take a few moments...