How do you hold your property?

Joint tenancy, tenancy in common, and tenancy by the entirety are all ways to hold property in Illinois. When you hold property via tenancy in common with another person, upon the death of one of the co-owners, that share becomes part of the deceased coowner’s estate rather than passing to the other co-owners. That can make a BIG difference! In other words, a committed couple who own property together can run into problems when one of them passes away if the property is held via tenancy in common.

If you are interesting in an estate plan, contact Attorney Bradford Miller for a free consultation.

Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com

Offering free legal representation to homeowners seeking a short sale

Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago building code violations, short sale attorney Chicago, Chicago Eviction Attorney. This is intended to be advertising. Please consult with an attorney before acting on any information given here.

What do I do with my mom's house?

I received a call the other day.  The son said his mother was going into a nursing home and they wanted to sell the house she was living in but she owed $120,000 on her mortgage and her house was only worth $95,000 at best.  They did not have the difference to make up the loss.

After a free phone consultation, we decided to do a short sale.  A short sale will allow someone to sell their house for less than what is owed if they qualify.  To qualify, a person needs a hardship.  For most people their hardship is a loss of income or increased expenses.

If you need to sell your home but owe more than it is worth, give my office a call to go over your options.  The call is free and if you end up doing a short sale our legal representation is free.

Posted by Bradford Miller Law, P.C.

A Law Firm Dedicated To Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

312-238-9298

http://www.bradfordmillerlaw.com

Offering free legal representation to homeowners seeking a short sale

Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago building code violations, short sale attorney Chicago. This is intended to be advertising.  Please consult with an attorney before acting on any information given here.