Chicago Purchases and Leases Attorney
Comprehensive Real Estate Support for Illinois Families and Business Owners
Nothing is more exciting than finding the perfect house for your family
or the ideal office for your growing business. Identifying a great piece
of property is only the first step in a real estate transaction, however.
Some may rush to quickly to the closing for fear of missing out and consequently
make avoidable mistakes that will have future ramifications.
The Kenny Law Firm can help both families and businesses ably navigate
Illinois real estate closings. We work closely with our clients to understand their concerns and goals for the
transaction before tailoring our legal assistance to protect their interests. Our
team can leverage our experience to help you, your family, or your business
understand the potential financial and legal ramifications of closing
on a property, giving you the knowledge and confidence to make informed
If you are looking to close on a real estate purchase or lease, do not
hesitate to call
(312) 647-2483 or
contact us online to discuss your options.
How Our Lawyers Can Help You Close Your Real Estate Deal in Illinois
Whether you are buying, selling, or leasing a property, a real estate transaction
will often represent an enormous financial commitment that should be carefully
scrutinized to ensure your goals are met and interests are protected.
No matter your circumstance, our team can serve as your advisor throughout
the real estate closing process and give you the support you need.
Our law firm can assist you with:
Real Estate Contract Attorney Review and Modifications. While the form contract you completed with the assistance of your real
estate agent may be sufficient, usually it is necessary to modify the
contract for your benefit. The attorney modification contingency in most
if not all of these form contracts permit such modifications subject to
time restrictions and other terms and conditions that limit your ability
to modify the sales contract. We can help modify timely raised contract
issues to make sure the contract is fair and reasonable consistent with
Resolving Repair Issues. Like the attorney modification period, your ability to inspect the property
for defects and give notice is typically limited in time and scope. This
inspection contingency gives you the opportunity to inspect the property
with a licensed inspector and to obtain repairs or a credit for closing.
We can help negotiate the repairs or credit to resolve timely raised defect
issues. We can also help Sellers negotiate responses to timely raised
defect issues raised by the buyer’s attorney.
Clear Title Matters. For the Seller it is necessary to provide clear title to the Buyer at
closing. For the Buyer, it is necessary to ensure that the title being
conveyed from the seller at closing is clear and not subject to improper
liens. We can help you make sure the title is clear or that you know if
there are any issues clouding the property's title.
Document Review. Not only must a buyer to a transaction be prepared to sign numerous documents
at the closing, but the buyer is also presumed under law to understand
and agree with them prior to signing even if the buyer does not read them.
A typical residential real estate transaction includes: (1) seller generated
transfer documents; (2) title company generated documents concerning not
only title or ownership but also covenants, conditions and restrictions
affecting title; (3) surveys; (4) lender generated loan documents; (5)
and sometimes even post-closing (a) real estate tax escrow agreement and
(b) possession agreements. You can rest assured that the Kenny Law Firm
will review with you these documents prior to signing and ensure that
they were properly prepared and legally sufficient for your purchase.
Attend Closings. Whether you are a buyer or seller, your attorney will need to be present
to handle any last minute obstacles that can develop at the closing. We
attend closings either remotely or in person depending to ensure a smooth
closing for our clients.
Post Closings. There are little known issues that can develop if the buyer fails to
obtain the title policy or review the recorded deed after the closing.
Should a title issue develop in the future, the buyer may run into a problem
if the title commitment that is received prior to closing is not updated
at the closing so the actual owner’s title policy can be issued
insuring there are no title defects. Similarly, it is necessary to obtain
the actual recorded deed post closing. This insures that your ownership
in the home has been recorded for all to see in the public record identifying
you as the current owner. The Kenny Law Firm is there to make sure the
buyer obtains these important post closing documents.
Document Preparation. While the buyer has many documents to review and sign, the seller will
be required to generate transfer documents to convey the property to the
buyer: (1) closing statement; (2) deed; (3) affidavit of title; (4) bill
of sale; (5) state, county and municipal transfer documents; and (6) other
transfer documents depending on the circumstances of the particular transaction.
The Kenny Law Firm will prepare legally sufficient documents needed by
seller to transfer the property at the closing.
Our team at the Kenny Law Firm is committed to helping Illinois families
and businesses close their real estate deals. Navigating an immense purchase,
lease, or sale agreement can be extremely intimidating, but we can give
you the legal support you need in efficiently and effectively moving through
We can help you close your purchase or lease. Schedule a free initial consultation
and discuss your options by calling
(312) 647-2483 or
contacting us online.