Late last week, Illinois Governor JB Pritzker authorized Executive Order 2020-10 in response to the COVID-19 pandemic. This effectively issued a stay-at-home order, outlined social distancing behavior, and declared essential businesses that would remain open. The order took effect Saturday March 21, 2020 at 5:00PM and lasts through April 7, 2020. Fortunately, title insurance companies […]
The purpose of title insurance is to protect you, the home buyer, from ownership disputes caused by title defects. Many financial lenders require buyers to purchase title insurance. But do you need title insurance if you buy with cash? In short, the answer is yes. Regardless of your payment method, problems with your title can still arise. […]
The home buying process should be a joyful one. The last thing anyone wants to worry about as they are closing their purchase is whether or not they have a true legal claim to the property. It may seem like a trivial concern; however, some estimates have claimed that 30% of all land titles have […]