Tag Archives: #realestatebasics

Understanding Tenancy by the Entirety in Illinois Real Estate

When purchasing or holding real estate in Illinois, married couples have a unique option for taking title known as tenancy by the entirety. This form of ownership offers significant legal protections and benefits that are not available under other types of co-ownership.What is Tenancy by the Entirety? Tenancy by the entirety is a form of […]

Real Estate Basics – Title Commitment Endorsements

Real-Estate-Attorney

The ALTA Endorsement 3.1-06, Zoning-Completed Structure, is designed for improved property and insures the zoning classification and authorized uses under that classification. This endorsement also insures against a final court order prohibiting the present structure, and requiring removal or alteration of the present structure, because of violation of the zoning ordinance as to area, width […]