Attorney for real estate: along for changes in practice

Working with an attorney for real estate in Illinois is a unique experience right now. Illinois has not followed some other states in moving the process for in-person closings online for a purchase that involves a mortgage loan, as it requires that borrowers verify their identities with a notary as a witness.

For title companies and those involved, this has created changes in practice. An attorney for real estate and the homeowners may have identical documents, but in cars parked next to each other. Title companies have found this to be a common occurrence, noting that the attorney and the buyers may be the only attendees during a closing.

Our lawyers assist buyers and sellers in the negotiation and closing of real estate purchases and sales involving residential and commercial properties and businesses of all kinds. Your health, personal goals, and business goals matter.

For Information Call 630-858-0090

The Law Offices of Lora Fausett P.C. provides real estate law services including loan modifications, 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.

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Attorney assistance for you…new homeowners

Attorney help for new homeowners, or those who are on top of updates, comes in the form of your last tips as we exit October. Fausett Law PC is an experienced and respected real estate firm. Our attorney representation extends to all aspects of real estate transactions both commercial and residential. These services include real estate acquisition, disposition, financing, leasing, development, environmental and hazardous waste, and construction.

We represent private individuals, investors, business owners and developers in the acquisition, development, financing, sale, and leasing of real estate. We provide our clients with quality service and advice in a quick and efficient manner.

Buying your first home, or updating an existing one, can feel like an overwhelming experience. Since it’s a large investment, you’ll want to stay on top of what you need. We’ve got some practical items that you could use.

Candlewick trimmer: This might go overlooked, but it is very important. Not only could it make a great gift for a new homeowner, but it is also important when it comes to safety.
Home journal: If you are a new homeowner, you’ll notice from the purchase process that there was quite a bit of paperwork. That will build up more as your homeowner paperwork accumulates! A journal will keep you organized.
Loppers: Yes, that’s right, loppers! If you have a garden, these will be your step up from pruners. They can help trim trees and plants with thicker branches, up to about 2 inches in diameter.
More essential tools

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

For Information Call 630-858-0090

Attorney for real estate…Halloween edition!

Attorney searching for real estate shouldn’t be haunting, but sometimes the home can be. About half of the states are caveat emptor, or “buyer beware” in Latin. In certain cases, that may mean beware of the ghosts.

One Laveta Place is a beautiful home on the Hudson River of New York that has been owned by the director and writer of romantic comedy Definitely, Maybe, singer-songwriter Ingrid Michaelson, and reggae artist Matisyahu. It is also reported to be haunted.

In 1991, the owner at the time, Helen Ackley, was sued for not disclosing that the house was haunted when trying to sell. Ackley had even spoken of the hauntings in a Reader’s Digest article explaining ghost sightings and phantom gifts.

The court found that Ackley had deliberately concealed information that could affect the value of the house. Today, real estate sellers are often required to disclose if a house is believed to be haunted.

An attorney for real estate can help you with the ins and outs of your property, including if there are *factors potentially affecting the home’s value or the well-being of the home’s owner.* Though, this may not always be a bad thing as the house on the Hudson has historically sold for significantly more than comparable houses in the area.

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

For Information Call 630-858-0090

Estate planning in Illinois changed– for you

Estate planning may seem daunting right now. You might be working from home with the only option of technology to provide workplace connection, you may be experiencing the stress of heading to the office in current times, you may not even have a job at all, or you may be witnessing those around you struggle. However, Illinois has passed a new law to allow virtual estate planning.

Executive Order 2020-14 is called “the Order” and allows notary public and remote witnessing of documents. According to an article in the Daily Herald, “New Illinois law allows virtual estate planning,” these are the highlights:

• Any witnessing required by Illinois law may be completed remotely via two-way audio video technology per the Order’s guidelines.

• The requirement that a person must “appear before” a notary public is satisfied if the notary public conducts the remote notarization via two-way audio video technology provided the notary public is located in Illinois while executing her notarial act.

•The witness and signatory must attest to be physically located in Illinois during the two-way audio-video communication.

•The two-way audio-video recording must be kept for three years by the person signing the document or someone the person signing the document appoints.

With a lot going on, this can hopefully be one way to ease a bit of your burdens. Link to full article below.

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

For Information Call 630-858-0090

Full article

Real estate technology: transforming our experiences

Real estate technology is transforming the way we experience the industry. Fausett Law PC’s representation extends to all aspects of real estate transactions both commercial and residential. We represent private individuals, investors, business owners and developers in the acquisition, development, financing, sale, and leasing of real estate. Here are some technology trends.

Automation and Smart Tech in real estate technology

Building technologies

Features such as elevators, thermostats, appliances, lights, security systems and open/close sensors are increasingly touchless and automatically adjusting, updating and sending maintenance requests.

Closing process

Digital advancements including e-recording documents, cloud technology, remote online notarization (RON), and secure online escrow deposits have been effecting how the closing process is conducted.

Virtual walkthroughs as part of real estate technology

Virtual reality helps make viewing a property from a different location, through technology, more lifelike.

Quicker transactions

Investor management systems now provide a portal for viewing a real estate portfolio similar to that of logging into a brokerage website or app. Additionally, chatbots powered by artificial intelligence produce quicker, reliable service through text messaging and social media.

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