Windy City Legal Blog
Category:
real estate
About homeowner insurance
Oct 19, 2014 by
Generally, homeowner's insurance refers to coverage of the real estate and the personal property at the home in case of damage from various occurrences and perils. Some amount of insurance is needed if one is not readily and comfortably able to pay cash to rebuild the dwelling and replace the personal property in the event of a disaster. Consider that personal property also may include furnishings, fixtures, appliances, flooring, window and wall treatments, and the like, which, though easy ...
Seller-financed real estate transactions
Oct 12, 2014 by
In some cases, a buyer and seller of commercial real estate which seek to enter into an agreement by which the seller will provide financing to the buyer. These types of transactions often differ from those in which the buyer is financing the purchase on its own or with third party funds.
A blueprint for such a transaction is a form of contract known as Articles of Agreement for Deed. The Articles will map out the major terms of the transaction, and will need to be written out and executed b...
A blueprint for such a transaction is a form of contract known as Articles of Agreement for Deed. The Articles will map out the major terms of the transaction, and will need to be written out and executed b...