Posted by Haleigh Haffner Mulhern | May 01, 2023 |
Contracts are legal instruments binding on the parties that enter into them. A breach of a real estate contract in Illinois can be particularly costly to the non-breaching party in a number of ways. The real estate market is hard enough when all parties play according to the rules. So, when the o...
Posted by Haleigh Haffner Mulhern | Apr 28, 2023 |
Properties in Illinois must be maintained for safety. The levels of safety vary as it depends on who the property owner or lessee is and who the injured party is. When defective conditions cause an accident and someone is injured, there's a good chance the injured party can recover compensation.
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Posted by Haleigh Haffner Mulhern | Apr 27, 2023 |
In summary, transfer taxes are fees charged by state or local governments when a property changes ownership in a real estate transaction. The taxes are typically based on the sale price or value of the property being transferred, and the buyer is typically responsible for paying the fees. Transfer taxes are an important consideration when buying or selling real estate, as they can add to the overall cost of the transaction.
Posted by Haleigh Haffner Mulhern | Apr 26, 2023 |
Property tax reassessment is the process of evaluating the value of a property for tax purposes in Cook County. It's an important process that helps to ensure that property owners are paying a fair share of property taxes based on the current market value of their property. If you have concerns about a property tax reassessment, consult with the attorneys at Haffner Law to understand your options.
Posted by Haleigh Haffner Mulhern | Apr 25, 2023 |
When you are a victim of some kind of accident or incident in Illinois, and it's caused by another person's negligent or intentional act, you may accrue damages. Damages is a legal term to represent the sum of money you deserve for any property damage, bodily injury, and any costs related to thes...
Posted by Haleigh Haffner Mulhern | Apr 25, 2023 |
FIRPTA is an important law that affects foreign investment in U.S. real estate. It's designed to ensure that foreign sellers of U.S. real property pay their fair share of taxes, and it requires the buyer of the property to withhold and remit a portion of the sale proceeds to the IRS. If you are involved in a real estate transaction with a foreign seller, it's important to consult with a qualified professional to ensure that you comply with FIRPTA's requirements.
Posted by Haleigh Haffner Mulhern | Apr 24, 2023 |
Real estate transactions can be complex and stressful, and buyers and sellers often have a lot of questions throughout the process. In this blog post, we'll answer some of the most frequently asked questions about buying and selling real estate.
FAQs for Buyers
Q: How much do I need to put down...
Posted by Haleigh Haffner Mulhern | Apr 24, 2023 |
Title fees are a set of fees charged by title companies or attorneys for their services in verifying the ownership of a property and providing title insurance to protect buyers and lenders from any unforeseen title defects. Title insurance protects the buyer and/or lender from any financial loss ...
Posted by Haleigh Haffner Mulhern | Apr 24, 2023 |
What you need to know to protect your rights
1. What is Workers' Compensation?
Workers' Compensation is a type of insurance that provides benefits to employees who are injured or become ill as a result of their work.
2. What types of injuries are covered?
Workers' Compensation covers injuries...
Posted by Haleigh Haffner Mulhern | Apr 24, 2023 |
If you've been injured in an accident and are pursuing a personal injury lawsuit, it can be a daunting and overwhelming experience. However, understanding what to expect during the process can help ease your concerns and prepare you for what lies ahead.
Here's a general overv...
Posted by Haleigh Haffner Mulhern | Apr 24, 2023 |
Car accidents can be a traumatic experience, but it's important to know what to do in the aftermath to protect yourself and your legal rights. Here are the steps you should take after a car accident:
Stay at the scene: Never leave the scene of an accident, even if it's just a minor fender-be...