All by Rick Young
Remote online notarization is the process of having a licensed notary notarize a document with electronic signature technology. Systems implement verification techniques to complete the process securely.
The 2023 real estate market is one Americans are curious and anxious to see return to normalcy. But will that be the case in 2023?
As neighborhoods shift throughout the state of Illinois, local real estate valuations look towards the Principle of Progression.
After lengthy delays, homeowners are set to see Cook County property taxes potentially rise by year’s end. Typically, the bill would’ve been mailed in August 2022.
While the real estate market experienced whiplash these last year years, many Americans still begin their foray into first-time home buying. Home buying can be complicated in its own right.
Interest rates have been a topic of discussion countrywide for a handful of years. The pandemic, and its aftermath, has created an unstable economy where government bodies, like the Fed, feel they must make changes to maintain balance.
New Fannie Mae condo requirements seek to improve the real estate landscape. Overall, this move followed a condominium building collapse in Surfside, Florida.
In the real estate world, few stories have been quite as big as the SECURE Notarization Act with the U.S. Senate’s approval pending shortly.
For many homebuyers, first-year housing costs fall out of view. However, Illinois homeowners now see an increase to the cost of living.
On Wednesday, July 27th, the House of Representatives passed the SECURE Notarization Act. With its passage, this latest bill expands the availability of remote online notarization nationwide.
Under Illinois real estate law, condominium lawsuits tend to be commonplace. Oftentimes, residents take up issues with their building associations, and vice versa.
As the smoke clears from a tumultuous real estate market, Millennial home buying takes center stage.
House hunters and homeowners are familiar with the bidding war game, but 2022’s real estate market is showing a massive surge in rental bidding wars throughout Chicago.
Illinois lawmakers launched their latest initiative towards combatting racial bias with the brand-new Real Estate Valuation Task Force. Lawmakers designed this task force to battle discriminate practices in property appraisals.
On Friday, May 20th, Governor Pritzker signed Senate Bill 1975 into law, instituting Illinois property tax relief. Specifically, the new law acts as a form of property tax relief for senior citizens, veterans, and people with disabilities. This helps to ease the burden from one of the highest property taxes in the nation.
In January of 2021, Cook County passed the new Residential Tenant Landlord Ordinance. This ordinance took aim at establishing protections for renters.
As of late, investors began numerous real estate initiatives throughout the Chicago South Side, including an influx of investments and developments.
With the start of the new year, Illinois legislators passed numerous 2022 real estate laws. Some of the major new additions to the state, include the Notary Public Act, Real Property Transfer on Death Instrument Act, and the Illinois Human Rights Act.
While many analysts predicted rising rates, the vast majority didn’t foresee mortgage rates hitting 5% less than four months into 2022.
In 2021, Illinois activated several new laws for the real estate industry, including the Condominium Property Act. While Illinois did not make any changes to the law in 2020, this latest addition represents the sole change for 2021.
