Attorneys At Law

Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Social Security Disability, Business Law, & Estate Law.

Attorneys At Law - Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Social Security Disability, Business Law, & Estate Law.

Repeat Client and Referral Discounts

TO OUR VALUED REALTOR PARTNERS:

$50-$100 Discount

It is our pleasure to serve you and your clients!

$50-$100 Off

As a token of our appreciation, we are pleased to provide repeat customers with a $50.00 discount.

In addition, should they refer someone to our office and that person utilizes our services we are happy to provide an additional discount of $100.00 on any future services to the referring client.

 


* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


 

The Law Offices of Lora Fausett P.C. provides real estate law services including loan modificationsbuying and selling legal assistanceshort sales and deeds in lieumortgage foreclosure defense, and more.

Located in Glen Ellyn, Illinois and serving clients in DuPageCookKane, Will, and Kendall Counties.

For Information Call 630-858-0090


 

Cook County Senior Property Tax Exemption and Freeze Application Deadline Extended

Senior Tax Exemption for Chicago Bungalow

Senior Exemption Application Deadline Extended

If you have not applied for your Cook County Senior Property Tax Exemption or Property Tax Freeze Application, there is still time.

The deadline for senior homeowners in Cook County to apply for the senior property tax exemption and senior property tax freeze has been extended to Friday, March 2.

Cook County Assessor Joseph Berrios has extended the deadline past the original deadline, previously Friday, March 2.

If you know someone who may be eligible, please let them know. Thousands of eligible homeowners have not renewed their exemptions.

Related post: Real Estate Tax Exemptions Cook County Chicago

 

According to Assessor Joseph Berrios:

Property tax bills Kane & DuPage County“I extended the deadline so all seniors have extra time to return their applications to ensure they receive the expanded exemption savings this year.

It is also important to remember that under Illinois law, seniors are required to reapply annually for both the Senior and Senior Freeze Exemptions.”

Related post: Cook County Assessor Faces Controversy Over Widespread Inequities

 

Many qualifying seniors have not renewed

The assessor’s office said over 270,000 applications were mailed in early January to seniors who received the exemption last year.

Approximately 80,000 seniors who received that notice have not yet renewed their exemptions.

 

Senior Property Tax Freeze Exemption Qualifications

Cook County SealTo qualify for the Senior Freeze Exemption for Tax Year 2017, taxpayers must have:

  • been born prior to or in the year 1952,
  • a total household income of $65,000 or less for [income] Tax Year 2016,
  • owned the property or had a legal, equitable or leasehold interest in the property on January 1, 2016 and January 1, 2017,
  • used the property as a principal place of residence as of January 1, 2016 and January 1, 2017, and
  • been responsible for the payment of 2016 and 2017 property taxes.

 

Download forms

Senior Citizen Property Tax Exemption  Application (PDF)

Senior Property Freeze Exemption Application (PDF)

 

For more information, visit http://www.cookcountyassessor.com/ or call the Assessor’s office at 312-443-7550.

 


* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


The Law Offices of Lora Fausett P.C. provides real estate law services including loan modificationsbuying and selling legal assistanceshort sales and deeds in lieumortgage foreclosure defense, and more.

Located in Glen Ellyn, Illinois and serving clients in DuPageCookKane, Will, and Kendall Counties.

For Information Call 630-858-0090


 

Photo credit: “Chicago bungalow” photo licensed under the Creative Commons Attribution-Share Alike 2.5 Generic license.

Illinois State Tax Lien Registry

Illinois home with tax lien

On January 1, 2018, the new State Tax Lien Registration Act went into effect, changing how state tax liens are filed in Illinois.

The act created a single centralized Illinois State Tax Lien Registry for filing notices of tax liens.

 

What is Statewide Tax Lien Registry?

The Statewide Tax Lien Registry is an online, searchable database of Illinois tax liens filed or released by the Illinois Department of Revenue (IDOR). The registry documents all active tax liens as of January 1, 2018, and all future lien filings and releases.

Registry Website: Illinois State Tax Lien Registry

IDOR will no longer be recording its liens or releases with local county recorders.  Going forward, IDOR will maintain its own searchable Illinois State Tax Lien Registry and you can no longer search for liens through your county.

 

Illinois State Tax Lien Registry Video

 

How to know if a tax lien has been filed?

Anyone can search the Illinois State Tax Lien Registry. The registry is the only location available to search liens filed by the Illinois Department of Revenue. You will no longer be able to inquire through each individual county.

 

How to access the Illinois Tax Lien Registry?

You can access the registry through the “Lien Registry” link under the “Quick Links” section on the Illinois Department of Revenue website at tax.illinois.gov, or visit this direct link.

 

How do I find a tax lien?

When you are at the Statewide Tax Lien Registry, you can search for a tax lien using multiple forms of search criteria including:

  • Lien ID
  • FEIN
  • Business name
  • Lien filed or released date
  • Taxpayer first and last name
  • Street address
  • Combination of above

Seal of IllinoisSearch results are dependent on how the taxpayer is registered with the department. A general search or using a partial name could provide multiple results.

Search results will appear as a list of liens at the bottom of the screen. If no tax lien appears in the list area, you may want to modify search criteria to assure you have the correct information.

The results row will identify specific information about the lien, such as the date filed and the date released if applicable. For more information on a specific lien, click on the blue “Lien ID” hyperlink. The lien detail will now be visible.

Any questions about the status or the validity of the tax lien must be addressed by the taxpayer. The taxpayer is the only person who may contact the department about the lien. Call by phone at 217-785-5299.

 

Due diligence recommended

Because this tax lien system is new, property owners with existing tax liens before January 1, 2018, should perform due diligence that includes searching both the Illinois State Tax Lien Registry and your county recorder office to ensure all relevant state tax lien information is discovered.

 

Vist the Illinois Statewide Tax Lien Registry

 


* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


The Law Offices of Lora Fausett P.C. provides real estate law services including buying and sellingshort salesmortgage foreclosure defense and more.

For Information Call 630-858-0090


 

Cook County Assessor Faces Controversy Over Widespread Inequities

property tax assessments

Cook County Assessor Joseph Berrios is facing continued pressure over widespread inequities in the Cook County property tax system.

Homeowners in Chicago have complained for years about the complicated and arcane tax assessments for homeowners in Cook County.

The controversy gained a huge amount of publicity from the Chicago Tribune investigative series The Tax Divide published this summer. Their investigation uncovered evidence that the Cook County property tax system helped wealthy homeowners at others’ expense.

The Tribune alleged that the Cook County Assessors Office routinely overvalued homes in poor neighborhoods while undervaluing homes in wealthier ones. This has led to inequities in property tax bills, giving wealthy homeowners lower tax assessments while unfairly placing a great burden on fixed and low-income residents.

Contesting your property tax assessment is not a simple process and can be even more difficult for homeowners with fixed incomes. For many of those most likely to receive overvalued assessment, hiring an attorney to help contest their property value is not an option.

Related: Battling the Cook County Assessor’s Office

Property tax bills Kane & DuPage CountyIt doesn’t help Berrios’ case that tax appeal lawyers are major contributors to his campaign. They have contributed over 2 million dollars to his campaign but he has declared there is no conflict of interest.

These stories have galvanized property owners in Chicago to place pressure on government agencies to investigate. The Cook County inspector general has opened an investigation.  State and local lawmakers have proposed new legislation to limit the assessor’s ability to raise campaign contributions from tax attorneys.  A new bill has been introduced in the General Assembly that would require greater transparency in the assessment process.

Joseph Berrios has recently been called before the Cook County Board for questioning and his office was accused by some of being guilty of institutional racism.

Formal mayor candidate Jesus Chuy Garcia stated: “My concern is whether the poor people in Cook County are getting the shaft.” “That is what I want to avoid, and I want to know when it will cease because it shouldn’t be tolerated.”

Berrios repeated his previous assertions that the assessments are fair and accurate. He did not, however, offer any detailed evidence.

Cook County SealAfter the meeting, Cook County Board President Toni Preckwinkle announced that a group called Civic Consulting Alliance would perform a review of the property tax assessment system.

The controversy has reached a point where it seems there will be either change to the system or political repercussions.

Even though Joseph Berrios faced tough questioning from the Cook County board, he remains highly influential as the Chairman of the Cook County Democratic Party. Many of the people he faced in the meeting rely on him and the party for political support.

Needless to say, it will be interesting to see what happens next.


* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


The Law Offices of Lora Fausett P.C. provides real estate law services including loan modificationsbuying and selling legal assistanceshort sales and deeds in lieumortgage foreclosure defense, and more.

Located in Glen Ellyn, Illinois and serving clients in DuPageCookKane, Will, and Kendall Counties.

For Information Call 630-858-0090


Related Stories:

The Tax Divide – Chicago Tribune

Cook County Assessor Faces Questions About Property Tax Inequity – ProPublica

A Troubling Assessment of Joseph Berrios – Better Government Association

Cook County leaders pile on Assessor Joe Berrios – Daily Herald

Outsider to Review Cook County Assessment Process – Chicago Tonight

Joe Berrios Will Continue To Accept Campaign Cash From Tax Lawyers – CBS Chicago

Sen. Biss to introduce overhaul to property tax assessments – Chicago Tribune

Cook County Assessor Joseph Berrios Grilled on Property Tax System – Chicago Tonight


Taxes header image by DonkeyHotey -  Taxes ahead sign by 401(K) 2012

 

Zestimate Lawsuit – Zillow Class Action Lawsuit Over Online Appraisals

Real Estate Home Buying Myths

Northwest suburban Chicago home builders in Schaumburg have filed a class action lawsuit against the real estate marketing company Zillow.

According to the suit filed on behalf of CastleBldrs.com in Schaumburg, the Zillow.com online estimate tool “Zestimate” provides home estimates that are misleading, and falsely pose as home appraisals in violation of the legal description of an appraisal in Illinois.

The attorney representing Castle Builders is Barbara Andersen, who had also filed an earlier suit against Zillow on her own behalf. Her suit had claimed that a Zestimate of her townhouse value was unrealistically low and had created a “roadblock” to selling her home.

Anderson has since filed a motion to dismiss her suit in order to represent the Castle Builders case.

Class action lawsuit against Zillow

How accurate is your zestimate?The new class action suit is on behalf of all of the millions of homeowners in Illinois. It claims homeowners should be asked their permission to publicly post financial data about their homes.

“Zillow has said they use the Zestimate to draw people into their website,” Andersen told Crain’s Chicago Business. “But from a legal perspective, they shouldn’t be making these estimates at all.”

The Zestimate lawsuit argues that by posting its estimates, Zillow has intentionally violated the “seclusion” of every homeowner in Illinois, without giving them a means to opt out.

Illinois law statesIt is unlawful for a person to (i) act, offer services, or advertise services as a State certified general real estate appraiser, State certified residential real estate appraiser, or associate real estate trainee appraiser, (ii) develop a real estate appraisal, (iii) practice as a real estate appraiser, or (iv) advertise or hold himself or herself out to be a real estate appraiser without a license issued under this Act.

“Even if Zillow’s numbers were perfect, dead-on accurate, they’re still opining on the value of homes, and they don’t have the license to opine,” attorney Andersen said.

Related: Low Inventory for Midpriced Suburban Chicago Homes Driving Up Prices

Zillow denies Zestimates are appraisals

mortgage rates going up after presidential electionZillow maintains that its approximations are not actual appraisals, nor do they claim to be.

They say Zestimates are based on public records and other data using “a proprietary formula.” Zillow also provides a disclaimer about the accuracy of its approximations.

A Zillow spokesperson told MarketWatchWe believe the claims in this case are without merit. We always say that the Zestimate is a starting point to determine a home’s value, and isn’t an official appraisal. It’s a computer-automated estimate of your home’s value.

Many people in the real estate industry will be watching for the outcome of this case.

Zillow Zestimate Class Action Lawsuit Update

Story updated – August 2017 – The Zillow class action lawsuit has been dismissed by a federal judge in Chicago. Read the story here: Zestimate lawsuit dismissed


Related stories and sources:
Class-action suit aims to halt Zestimates in Illinois – Chicago Business
Do Zillow ‘Zestimates’ mislead home buyers? Lawsuit claims yes – MarketWatch
Zillow’s ‘Zestimate’ facing class-action lawsuit, reports say – Chicago Agent Magazine
Glenview homeowner sues Zillow over ‘sloppy’ estimate – Crain’s Chicago Business
Chicago Area Home Sellers File Lawsuit Against Zillow’s Zestimate – Chicago Now

* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


The Law Offices of Lora Fausett P.C. provides real estate law services including buying and selling legal assistance, short sales and deeds in lieu, mortgage foreclosure defense and more.

Located in Glen Ellyn, Illinois and serving clients in DuPage, Cook, Kane, Will, and Kendall Counties.

For Information Call 630-858-0090