SUBROGATION: ITS APPLICATION BY ILLINOIS COURTS. In Illinois, the general rule is that lien priority is awarded to whoever records a lien against property first. This concept is often referred to as “first in time, first in right.” UnionBank v. Read More....
SUBROGATION: WHY THE FIRST TO RECORD A LIEN ISN’T ALWAYS THE ONE WITH THE BEST LIEN POSITION.
SUBROGATION: WHY THE FIRST TO RECORD A LIEN ISN’T ALWAYS THE ONE WITH THE BEST LIEN POSITION. In Illinois, the general rule is that lien priority is awarded to whoever records a lien against property first. In other words, a Read More....
EASEMENTS: HOW ONE CAN GIVE SOMEONE ELSE A RIGHT TO USE YOUR PROPERTY.
EASEMENTS: HOW ONE CAN GIVE SOMEONE ELSE A RIGHT TO USE YOUR PROPERTY. If you own property, there is a good chance that it is subject to an Easement. Easements can be relatively new, created within the last few years, Read More....
Issues at Closing
When Are You Done With The Transaction. In a real estate transaction on day the property is transfer is referred to as the closing. This is a date where everyone signs the documents and the house is officially transferred over. Read More....
Adverse Possession: Can You Get Property For Nothing?
ADVERSE POSSESSION: CAN YOU GET PROPERTY FOR NOTHING? In Illinois, it is possible to develop a claim to property that was never originally yours or never officially conveyed to you. This is the doctrine of Adverse Possession, sometimes commonly referred Read More....