EDITOR'S NOTE: This information is no longer current. Please see the Illinois Underwriting Guidelines,...
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PA 97-0555, House Bill 1153. New Act 755 ILCS 27/et seq. Effective Date: January 1, 2012.
Illinois has a new law called the Illinois Residential Real Property Transfer on...
The newly enacted Illinois Residential Real Property Transfer on Death Instrument Act authorizes another way to transfer real property, starting on January 1, 2012....
Two recent condominium cases interpret section 9(g)(3) of the Illinois Condominium Act regarding treatment of unpaid association assessments in the case of foreclosure. 765 ILCS 605/9(g)(3). In...
Many erroneous rumors are circulating about a the 3.8% Federal Sales Tax on the sale of real estate. This relatively new tax may subject a seller to an additional tax on some of their home sale...
On March 15, 2019, Judge Michael T. Mullen entered summary judgment in favor of the Illinois Land Title Association in its suit against the Cook County Recorder of Deeds, ordering the Recorder to...
ATG Now Allows RIN, Not RON
Effective Immediately for Agents in Illinois
On July 26, 2021, SB2664 was signed into law as Public Act 102-160. This major...
On June 24, 2015, the Consumer Financial Protection Bureau (CFPB) proposed October 3, 2015, as the new...
Effective Immediately for Attorneys Who Practice in Illinois
Illinois counties do not accept the old paper transfer declarations (PTAX FORMS) for electronic...
Notice Regarding Water and Sewer Charge Full Payment Certificates — As a result of a recent...
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