When purchasing or holding real estate in Illinois, it is crucial to understand the different ways title can be held. One common method is tenancy in common, which has significant legal implications for property owners and their heirs. What is Tenancy in Common? Tenancy in common is a form of property ownership where two or […]
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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 […]
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 […]