In July 2019, Illinois Gov. J.B. Pritzker signed House Bill HB1471, which enacts the Illinois Trust Code (ITC) and repeals many of Illinois’ current trust statutes. The ITC will be effective as of Jan. 1, 2020.
To learn more about what bill entails, read the article below.
https://trackbill.com/bill/illinois-house-bill-1471-illinois-trust-code/1659086/
This is a great article from Forbes that talks about Real Estate Wire Fraud and how real it is…
https://www.forbes.com/sites/alyyale/2019/05/07/real-estate-wire-fraud-is-real-and-it-almost-happened-to-me/#463ea20e1c47
This is a great article written by Experian that explains what is home title fraud.
https://www.experian.com/blogs/ask-experian/what-is-home-title-fraud/
This is a great article posted on the BBB website that talks all about fake checks.
https://www.bbb.org/article/news-releases/18367-dont-cash-that-check-bbb-study-shows-how-fake-check-scams-bait-consumers
This is a great article from Mortgage Calculator that talks about the rise of mortgage fraud and how to spot common schemes.
https://www.mortgagecalculator.org/helpful-advice/avoiding-fraud.php
This is a great article regarding mortgage wire fraud found on Housingwire written by: Thomas Cronkright
https://www.housingwire.com/blogs/1-rewired/post/43411-how-to-detect-mortgage-wire-fraud-before-it-is-too-late
Summer is a busy home-buying season. If you’re in the market for a new home this year, watch out for mortgage closing scams. According to reports, the scams target homebuyers who are nearing the closing date on their mortgage loan. Learn more about closing scams from this article by the Consumer Financial Protection Bureau.
https://www.consumerfinance.gov/about-us/blog/buying-home-watch-out-mortgage-closing-scams/
The information contained in the Illinois Condo Unit Owner’s Rights & Responsibilities Handbook is a brief overview of the duties, rights, and responsibilities of Illinois unit owners in condominium developments. This information is intended to provide general information and is NOT a substitute for obtaining legal advice to address specific situations. Since this publication may not contain subsequent changes in the law, it should only be used as a general source of information.
https://www.idfpr.com/CCICO/PDFs/Condo%20Rights%20and%20Responsibilities%206.0.pdf
The Department of Housing and Urban Development (HUD) sets income limits that determine eligibility for assisted housing programs.
These are the HUD Income Limits as of April 1, 2018
https://www.huduser.gov/portal/datasets/il.html
Here is a great resource that informs you about Illinois Property Tax Rate for 2018 along with various tax rates in Illinois as well as in other states.
This link will take you to Cook County Property Tax Rate 2018. https://goo.gl/3wKYv7