1. **Deductible Expenses:** Corporations can deduct various expenses related to the maintenance and operation of real estate properties, such as property taxes, mortgage interest, insurance premiums, repairs, and property management fees. These deductions can help reduce the corporation’s taxable income. 2. **Depreciation:** Real estate held by a corporation can be depreciated over time, allowing the […]
Tag Archives: #realestateattorney
Some real estate transactions are commonplace matters, but many — especially in a city like Chicago— require complex legal analysis and skilled negotiation strategies backed by extensive knowledge and research. At the law firm of Wator & Associates, P.C., our attorneys bring detailed analysis and extensive experience to bear on all aspects of real estate […]
20+ years serving the real estate transactional and litigation needs of the Palos Hills community and beyond. Put your trust in the experience hands of our staff and attorneys for everything from a simple residential real estate transaction two more complicated litigation related to real estate. Call for a free consultation at (773) 407-2100.
Here Are Five Reasons to Rely on our Firm for your Transactions: 1. Experience – 8,000 closings and counting; 2. Organization – two dedicated and experienced staff members work every real estate transaction file on a daily basis from Monday to Friday; 3. Accessibility- dedicated support staff answer our phones every day, with 95% of […]
Here Are Five Reasons to Rely on our Firm for your Transactions: 1. Experience – 8,000 closings and counting; 2. Organization – two dedicated and experienced staff members work every real estate transaction file on a daily basis from Monday to Friday; 3. Accessibility- dedicated support staff answer our phones every day, with 95% of […]
Title insurance is issued using standardized forms of policies and endorsements. The most commonly used forms for commercial properties are those promulgated by the American Land Title Association (ALTA), a nationwide title insurance industry group. A title endorsement is an addition to or limitation of title insurance coverage that is attached to a title insurance […]
High Risk Transactions – Vacant Land Sales The title industry has experienced an alarming increase in fraud claims, and many arecoming to light in connection with the sale of vacant land. These fraud schemes involvea party claiming to be the owner of a vacant parcel land which is offered for sale or isthe subject of […]
Whether you have a closing date approaching or are just beginning the process to purchase, sell, or lease a property, contact our experienced real estate lawyers today to ensure you are protected. Our real estate attorneys represent both buyers and sellers in all types of real estate transactions, and a qualified lawyer can truly become […]
Website Up and Running Again We are happy to be up and running again. Our website was shut down due to technical difficulties. Hopefully the issues are fully resolved. Have a great day!
In July 9th, 2021, Governor J.B. Pritzker signed a bill which changes the Residential Real Property Transfer on Death Instrument Act, the new law will be called the Illinois Real Property Transfer on Death Instrument Act, this law will start on January 1st, 2022. The previous law and the new law that allows for a […]
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