Real Estate Matters
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In the State of Illinois, attorneys are legally allowed to handle real estate closings. In fact, it is common practice for attorneys to be involved in real estate transactions in Illinois, and many real estate closings are conducted by attorneys representing either the buyer, the seller, or both.
- Attorney Representation: While not mandatory, it is strongly recommended that parties involved in a real estate transaction have legal representation, especially because Illinois is considered an "attorney state" for real estate closings.
- Legal Authority: Attorneys are authorized to draft and review real estate contracts, ensure compliance with state and local laws, and facilitate the closing process, including handling escrow funds, title insurance, and other legal aspects.
- Dual Role: Some attorneys also act as title agents, further simplifying the process by combining legal and title services.
- Local Custom: In Illinois, it's typical for an attorney to be present at closing, as they ensure that all necessary documents are executed correctly, funds are properly disbursed, and any last-minute legal issues are addressed.
If you're planning a real estate transaction, consulting an attorney can help safeguard your interests and ensure a smooth process.
Terry's real estate involvement and real estate investment credibility are enhanced through the business entities: Proverbs 3189 Properties, LLC and 3189 Capital Group, LLC. Proverbs 3189 Properties, LLC belongs to networks of Kingdom320 and Real Estate with God Residential Developers (coaches and students) across the United States who have over 300 years of experience and closed over 4000+ deals collectively. Our head trainer, Jeff Rutkowski and Todd Dotson are world class real estate experts who have personally invested in hundreds of properties across different states. They have been teaching every aspect of real estate investing for collectively over 30 years and have trained thousands of students across the country. Jeff, Todd, and Terry believe that God-fearing men and women must learn to create wealth and take territory, literally, for the Kingdom of God.
Our law office wants to form relationships and share our real estate expertise and resources by providing unique solutions and problem-solving techniques in the following areas: pre- foreclosure, distress properties, probate, absentee or out of state homeowners, bankruptcy, code violation, fire damage and tax liens. We educate and problem solve. (See Resources and Links)
