Pursuant to 35 ILCS 200/9-45, counties may establish a property index system to be used to assess and collect taxes. In counties that have established a permanent index system, a unique permanent...
Once a title company has admitted liability to an insured for a matter covered under the Owner’s Policy of Title Insurance (“policy”), the title company will commonly ask the insured for a proof...
If you have a transaction in progress and it cancels, please take the time to cancel your file in REsource. Prior to conducting an audit, ATG’s auditors run a report of open REsource files. Upon...
If the buyer for your transaction changes or if an additional buyer is added to the transaction, you must run a judgment and lien search on the new name. Any judgments that come up on the search...
Delinquent water bills pose ongoing challenges in real estate transactions. A municipality or county must record a lien to collect payment for delinquent water charges from a new owner. For a...
Make sure that all documents that are to be recorded in connection with a closing conform with the requirements outlined at 55 ILCS 5/3-5018. Some county recorders are scrutinize the...
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