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Expert Insights on Real Estate Deeds:
The Burnt Records Act and the Fiery History of the Chicago Title Company
The Great Chicago Fire broke out in October 1871. It raged for two dark days, and destroyed much of the city. It didn’t spare the building that housed Cook County’s deed records. It also burned up many original records stored in Chicago homes. The...
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Read moreWe’re Ready to Close on a Home. But the Deed Holder Has Just Died.
Well, this gives a whole new meaning to the term closing. And yes, it happens. As the baby boomer generation continues to get older, it will likely happen even more. But it’s one thing that’s likely not on a home buyer’s radar as the closing...
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Read moreAI Is Replacing Real Estate Professionals: True or False?
AI tools have been automating real estate sites, personalizing home searches, and handling a good deal of desk work for some time now. AI (artificial intelligence) gleans information from government records, the Multiple Listing Services, and other...
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Read moreWhen Protectors Become Predators: Exposing Professionals Who Exploit Their Senior Clients
A few months ago in Miami, a real estate agent misused the power of attorney against a client. The agent bequeathed himself $1.6 million in oceanfront real estate that belonged to this customer, according to investigators. Also this year, in Western...
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Read moreWhich Is the Better Starter Home: House or Condo?
You’re shopping around for a home of your own, in an area where houses cost close to half a million dollars. Along the way, you’ve found a nice-looking condo complex, with available units from $260K. You could buy a condo now, build home equity, then...
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Read moreCan Co-Owners Use a Transfer on Death Deed for Real Estate?
Can co-owners plan to pass a home along using the revocable transfer on death deed (TODD)? Yes. If your state recognizes the TOD deed (also known simply as TODD) for real estate, there will be an official state form. Alternatively there will be a sample...
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