Tag: property
RELATED: IL property tax hikes influenced by government debt; how to look up debt on your home
“Definitely preventing me from buying right now that’s why I’m renting and happy to do so,” said Chicago renter Drew Schafer.
Schafer said he’s now holding off on buying a condo because of outstanding debt attached to properties.
The I-Team looked up the debt associated with Chicagoan Tom Harney’s home. It’s $124,000.
“When I look at that number coupled with my income tax, I ask myself why am I staying here and not going to a state that’s focused on keeping its people and growing. I don’t see politicians changing anything,” said Harney.
He can see that information because Cook County Treasurer
After you search for a home and settle on the perfect property, there’s still another search to perform: the title search. While the title search may not be as exciting as browsing those listings or dreaming of moving in, it’s a crucial step in a real estate transaction, and can have implications for your purchase if it turns up issues. Here’s what you need to know.
What is a property title?
A property’s title is the term used to describe the rights of the owner. It isn’t a document, like the deed, but instead “refers to the concept of ownership rights,” explains Megan Hernandez, director of marketing and public relations at the American Land Title Association.
If you’re buying a home, you want to make sure that the seller is the only one who has claim to the title. This confirms that there are no other claims or liens on
After you search for a home and settle on the perfect property, there’s still another search to perform: the title search. While the title search may not be as exciting as browsing those listings or dreaming of moving in, it’s a crucial step in a real estate transaction, and can have implications for your purchase if it turns up issues. Here’s what you need to know.
What is a property title?
A property’s title is the term used to describe the rights of the owner. It isn’t a document, like the deed, but instead “refers to the concept of ownership rights,” explains Megan Hernandez, director of marketing and public relations at the American Land Title Association.
If you’re buying a home, you want to make sure that the seller is the only one who has claim to the title. This confirms that there are no other claims or liens
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