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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...

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.

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.

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.

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...

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 ...

Buying or selling a property can be a complex and stressful process, and it's important to ensure that all legal requirements are met to protect your interests. While you may be tempted to handle the process on your own, there are many reasons why you should consider using a r...