Estate

An idyllic suburban residential community on Chicago's North Shore, Glencoe, Illinois consists mainly of single-family homes, occupied by their owners. The four square mile village is home to approximately 8,762 people, most of whom are professionals who earn over $100,000 per year. From kindergarten to eighth grade, Glencoe's children attend one of the three age-centered schools operated by Glencoe School District 35, followed by attendance at the New Trier Township High School. The high…

somewhere, the property value increased. Therefore, it was more beneficial for companies to invest in areas wanted by whites (“Interview with Dalton Conley”). Many different parties have roles to play in the lending process: potential homeowners; real estate agents; developers, speculators, and potential landlords; lending companies; and the government. Each of these groups could unintentionally or purposely be the source of redlining. The attributes of potential homeowners- age, income, race,…

means that people and families can and will end up living on the streets. To make more housing, the government needs to approve developments that spread out into bushland and build estates with more spacious homes and yards with outdoor areas. As some research has shown people would be more likely to live in an estate if it was more spacious…

Don’t Give in to These 5 Common Fears of Buying a House Deciding to become a first time homeowner is a big decision. The process of home buying may seem overwhelming and there are a lot of unknowns. Some people give in to the fears of purchasing a house and decide to remain lifelong renters. While there is nothing wrong with renting a house there are many advantages to homeownership that you might not want to pass up. Here are some of the common fears that new buyers have and why you should let…

If you're a passionate realtor who loves selling homes, it can be pretty devastating to learn that your business is struggling. However, there are many ways you can turn your business around. Following these tips will also allow you to get ahead of the competition and succeed. 1. Customer Service and Professionalism As a struggling realtor, it may be easy to remain focused on you and how poorly your business is performing. Instead, it's important to change your perspective and focus on the…

Gentrification describes the migration of affluent individuals to a low-income area, which often causes displacement of the less fortunate residents. These newcomers migrate for several different reasons. Some simply desire to live in the city, while others are forced to relocate for their careers (Byrne 407). Others may want to live in a historic area filled with antique architecture (Campanella). Housing status usually plays an important role in buying the perfect home. Therefore, people…

Foreclosure of a house is a horrifying reality that can happen to some families and homeowners. I personally have experience with home foreclosure. To begin, a home foreclosure occurs when a homeowner is unable to make mortgage payments on their house. In this case, the bank will take ownership of the house in question, and it will eventually get sold. There are three steps to a home foreclosure, and a house cannot be sold until all three steps are completed. The first step is called…

The 2% rule states that your monthly rent should be approximately 2% of the pur- chase price. In other words, a $100,000 home should rent for $2,000 per month; a $50,000 home should rent for $1,000 per month. This is a very conservative esti- mate that is very simplistic but can help in deciding if a property warrants a deeper look. In most parts of the country, the 2% is very difficult to achieve, but the closer you can get to that, the better cash flow you'll receive. Real World…

According to Grenier, the Tolmans sought other counsel to conclude the transaction with Farmer, and “public record reveals that Frank W. Tolman Sr. signed a discharge of the mortgage on September 20, 2013 indicating payment in full of the mortgage at that time.” Tolman Sr. alleges that during the sale, Grenier submitted notarized paperwork that he and his wife did not sign, and that the final price of the property was never discussed with him. Additionally, he asserts that Grenier has put him…

requisite legal analysis vary as determined by the specific circumstances of each transaction. Applicable law 1. Lease versus licence Law of Property Act 1925 (LPA 1925) provisions establish the relevant legal foundation. LPA 1925 s. 1(1) confirms an estate for a term of years absolute as a subsisting property right. A valid fixed term tenancy must include a commencement date, with either an express termination date or means to calculate this date. A landlord and…