Fausett Law Logog

Attorneys At Law

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

What You Need to Know About Radon Video

What you need to know about Radon and your new home

Radon is a cancer-causing radioactive gas formed by the natural breakdown of uranium in the soil.

According to the Illinois Emergency Management Agency (IEMA), “It’s estimated more than 1,100 people in Illinois develop radon-related lung cancer each year.”

The IEMA and the American Lung Association in Illinois (ALAIL) have released a new video to help educate home buyers and real estate professionals on the dangers of radon and raise awareness about the issue in order to reduce radon exposure.

Watch the embedded three-minute video below to learn more about radon and how to prevent exposure.

Illinois Radon Awareness Act

The Illinois Radon Awareness Act became state law on Jan. 1, 2008. The act requires home sellers to provide anyone buying a residential property in Illinois with information about the dangers of radon exposure and that radon is the leading cause of lung cancer in non-smokers and the second leading cause overall.

“This video is a quick, simple way for real estate agents and home sellers to provide this important required information.” says IEMA Director James K. Joseph.

The law does not require that sellers or for buyers to test homes for radon before sale. It also does not require any radon remediation work for homes be completed if test results show potentially high levels of radon.

However, if a radon test has been conducted on the home, the Illinois Radon Awareness Act requires sellers to share the results of a radon test with potential buyers.

This new video from the IEMA continues to help spread information about radon to the public. In January, governor Bruce Rauner declared Radon Action Month to encourage Illinois residents to test their homes for radon.

For more information visit the IEMA Radon Information website.

For radon information by telephone you can call (800) 325-1245 (Information Line) or to speak to an IEMA Radon Program staff member call (217) 782-1325.


Additional resources:

Find an Illinois state licensed professional

Find a state approved testing lab or low-cost detector

IEMA press release about radon information video

IEMA press release about Radon Action Month


 

Due Date for 2016 Cook County Property Tax Bills First Installment is Wednesday, March 1, 2017

 

Cook County SealCook County property tax bills were sent out to homeowners by January 31, 2017.

“Nearly 1.8 million property tax bills for the first installment of Tax Year 2016 have been mailed to owners of homes, businesses, and land.”, according to Cook County Treasurer Maria Pappas.

When are Cook County 2016 property taxes due?

The due date for the first installment of your 2016 tax year property taxes is Wednesday, March 1, 2017.

The due date for the second installment of your 2016 tax year property taxes is Tuesday, August 1, 2017.

Cook County homeowners can pay their property tax bill online, allowing you to conveniently pay your tax bill from your mobile phone, tablet or computer without visiting the treasurer’s office.

If you wish to pay in person, you can pay by visiting any Chase Bank location or at these 139 local community banks.

To make an online payment on your Cook County tax bill, please visit the Cook County Treasurer’s Office Payments page.

Are your property taxes overdue?

Search the Cook County Treasurer website to check if your taxes are delinquent.

Have your property taxes been sold at auction?

Visit the Cook County Treasurer website to check if your taxes have been sold.

When are 2016 delinquent property taxes sold at auction?

Unpaid property tax bills are sold at the 2016 Annual Tax Sale, which begins May 4, 2018.


Below is a list of other Cook County property tax related pages online available to the public.

You can find information regarding your payment status, money owed by your taxing district, pension and healthcare amounts owed, information on previous years taxes and more.

Cook County Taxes – Related Links:

Cook County Treasurer’s Office

Cook County, Illinois Property Tax Portal

Check Your Payment Status or Make an Online Payment

Understanding Your Tax Bill

Information about Prior Year Property Taxes

View Your Taxing Districts’ Financial Statements and Disclosures


The Law Offices of Lora Matthews Fausett P.C.

Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Social Security Disability, Business Law, & Estate Law.

For Information Call 630-858-0090


 

Senior Real Estate Tax Deferral in DuPage County

DuPage County real estate tax deferralDuPage County Illinois offers  senior citizen home owners the opportunity to participate in The Senior Citizens’ Real Estate Tax Deferral program.

This program can be extremely beneficial to many senior citizens in DuPage but very often they have not heard of the program.

We will provide you with the basic information and common questions about the program below.

If you have questions about real estate law, please call our office at (630) 858-0090.


 

What is the Senior Citizens’ Real Estate Tax Deferral program?

According to DuPage County Treasurer Gwen Henry, this program allows qualifying homeowners ages 65 and older to defer up to $5,000 in property taxes and any special assessments until the day the home is sold or to within a year of the owner’s death.

The State of Illinois will pay the real estate taxes. Repayment plus interest of 6% annually is made when the senior homeowner sells the property or within a year of the estate being settled.

 

Who is eligible for the Senior Citizens’ Real Estate Tax Deferral program?

To qualify for the program:

  • You must be age 65 by June 1st of the year for which the application is made.
  • You must have a household income of less than $55,000
    own and occupy the property.
  • You must have lived in Illinois in a qualifying property at least 3 years.
  • You must be liable for payment of real estate taxes on the property.
  • You cannot have any delinquent real estate taxes.
  • You must have fire and casualty insurance on the property.

 

What is the due date to qualify?

  • You must file your application by March 1st in the year your real estate taxes are due.

 

How can I apply for the deferral?

Applications and guidelines are available at the DuPage County Treasurers office: 421 N. County Farm Road, Wheaton, Illinois 60187

Forms can be requested by calling: (630) 407-5900

DuPage County Treasurers Office Website

 

What information will I need to provide?

  • Proof of age
  • Social security number
  • Proof of ownership of the residence
  • Copy of your homeowner’s insurance declaration page with evidence of payment
  • Other qualifying information.

 

DuPage County Senior Services Department

The DuPage County Senior Services Department also offers a number of programs directed at improving and protecting the lives of DuPage County senior citizens. They work to ensuring they receive the services for which they qualify. For additional information, please contact the Senior’s Unit at 630-407-6500 or 800-942-9412.

Contact our office with any questions about real estate law, foreclosure litigation, Social Security Disability, or Estate Law.


 

Square Footage Lawsuits Can be Caused by Inacurate Listings

How to measure the square footage of a home?

Some realtors have calculations which include the closets while others do not. Others may include the space from wall dividers or between walls. Sometimes measurements even seem to pull extra footage from out of nowhere.

There are no hard rules of how to measure the square footage of a home, and because of this, lawsuits can occur.

Depending on the real estate market, the city or if the measurements in question are from a multi-unit development, the costs to a seller could turn into thousands or tens of thousands.

Can you trust the measurements?

Many sellers will rely on the square footage contained in the county tax assessor’s records.

Tax records would seem to be a reliable source, but that is not really the case. They can be filled with errors when examined closely.

Public tax records were created to simplify a system of mass appraisals for government agencies. They were never intended to be used by the real estate industry as a source of square footage or to be legally binding.

How sellers can protect themselves

In order to protect oneself from these types of lawsuits, it is imperative that Sellers need to use appropriate language in their listings and sale documents. Make certain all relevant disclosures are made aware to buyers.

Any property that is leased or sold using square footage as an essential selling point must take care to insure accurate measurement before the property is brought to market.

For legal advice on square footage measurements or any other real estate law questions in the State of Illinois, please contact us.

* To the extent that the information on this blog 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.


Sources: NY Times | Realtor Mag