Our firm has years of experience representing sellers and buyers in real estate closings.
Our firm handles real estate closings for buyers and sellers. We work closely with your realtor and mortgage lender to ensure a smooth transaction so that you do not risk losing your earnest money. We explain mortgage documents; monitor mortgage contingency dates; order, examine and clear title; prepare deeds and other necessary documents to complete the real estate transaction; calculate tax prorations; order transfer stamps; and prepare a closing statement.
We have handled countless short sales and can deal with the IRS or Illinois Department of Revenue to have tax liens removed in order to complete a real estate transaction.
A short sale is a sale where the bank agrees to accept less than the full amount of the home mortgage. However, even when the bank accepts the arrangement, you may still owe taxes on the portion of the loan that is forgiven. Therefore, it is important to review your options and potential consequences with an attorney before completing a short sale.