REAL-ESTATES TRANSACTIONS
Residential & Commercial Real Estate Closing
If you have ever been involved in a real estate purchase, you know the process is loaded with contracts and forms that must be signed. Do not be trapped by the false notion that these forms are a mere formality. There is a substantial amount of money involved in real estate transactions, whether it is a commercial closing or a residential closing. A careful review of all documents by a real estate lawyer is an effective way to protect your financial interests. Enlisting the services of an experienced real estate lawyer who will ensure your rights are protected is essential, whether you are a buyer or a seller. The attorneys at Elmosa Law Office & Associates, , represent individuals throughout Greater Chicago and northeast Illinois in residential and commercial real estate closings.
The Closing Attorney's Role
Our closing attorneys will review the title to the property to ensure there are no title defects such as a lien or judgment on the property. If there are issues, we will work with all parties involved to resolve them.
At the closing, we handle a number of tasks, including:
- Payoff and discharge mortgages
- Pay and allocate any real estate taxes and utilities
- Pay Realtor commissions
- Pay closing costs and lender’s fees
- Deposit funds into the mortgage escrow account
- Pay transfer taxes, recording fees and prepaid interest
- Distribute proceeds from the sale
We make sure you have a full understanding of the documents you are signing.
Protect Your Assets Before Financial Storms Hit
Business owners, real estate investors and others who have substantial real estate holdings are wise to take precautionary measures to protect those assets in the event they file a business or personal bankruptcy, are subjected to foreclosure deficiencies, creditors, judgments or other lawsuits. At Elmosa Law Office and Associates., in Chicago, Illinois, our experienced lawyers work to protect the maximum amount of your business and personal assets from creditors. Asset protection is primarily thinking ahead. Planning must be done before filing for bankruptcy or before a claim or liability arises. Transferring assets after the fact may be deemed fraudulent transfer.
Planning Before Hard Times Hit
We work with clients at the first hint of financial stress or even earlier. If necessary, we collaborate with business and estate planning attorneys, asset protection specialists and other financial planning professionals to develop a comprehensive strategy that provides full protection.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 substantially limited exemptions. That and other new provisions in the Bankruptcy Code make asset protection a challenging proposition. Our thorough knowledge of bankruptcy law allows us to maximize the asset protections we put in place for our clients.
We invite you to contact us to schedule a free consultation. We can answer your questions about asset protection and recommend steps that you should take sooner rather than later.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Experienced Representation In All Types Of Real Estate Disputes
The stakes are high in disputes involving real estate. Properly protecting your interests requires the right strategy executed flawlessly. The lawyers at Elmosa Law Office and Associates, Ltd., in Chicago bring a broad knowledge of real estate law and a focus on creative solutions that are developed to meet each client’s specific needs. We represent a diverse cross-section of clients in a wide range of real estate disputes. Our clients range from commercial developers and contractors to builders, brokers, lenders, landlords and individual homeowners. Our attorneys strive to resolve disputes without the need to litigate. However, if a fair agreement cannot be reached through negotiation or mediation, we always stand ready to advocate aggressively on your behalf in court. We have litigated cases throughout Greater Chicago and northeast Illinois.
Well-Versed In The Full Scope Of Real Estate Litigation
We work with clients at the first hint of financial stress or even earlier. If necessary, we collaborate with business and estate planning attorneys, asset protection specialists and other financial planning professionals to develop a comprehensive strategy that provides full protection.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 substantially limited exemptions. That and other new provisions in the Bankruptcy Code make asset protection a challenging proposition. Our thorough knowledge of bankruptcy law allows us to maximize the asset protections we put in place for our clients.
We invite you to contact us to schedule a free consultation. We can answer your questions about asset protection and recommend steps that you should take sooner rather than later.