November 2, 2018

DOES SOMEONE FROM YOUR OFFICE ATTEND THE CLOSING IF I CHOOSE NOT TO?

Yes.  One of our lawyers will attend the closing on your behalf. In rare circumstances, when the Buyer’s side and the Seller’s side of a transaction […]
November 2, 2018

HOW WILL I KNOW WHAT ITEMS THE BUYER WANTS US TO FIX AFTER THE INSPECTION?

The buyer’s lawyer will send our office a list of all the items the buyer wants you to repair as a result of the inspection.
November 2, 2018

MY REALTOR WANTS ME TO SIGN UP TO USE HIS/HER AFFILIATED TITLE COMPANY, IS THAT OK?

It depends.  Not all title companies are created equal, so it is best to call or email our office before agreeing to work with a certain […]
November 2, 2018

DOES LOMONACO LAW WORK WITH BURNET TITLE?

No.  Burnet Title does not have an attorney agent program and therefore we will not work with them.
November 2, 2018

WHO WILL ORDER TITLE AND WHERE WILL IT BE ORDERED?

Our office will order the title for you.  We are agents for almost all major title companies in Illinois, and we will choose a title company […]
November 2, 2018

MY REALTOR IS ACTING AS A DUAL AGENT, WHAT DOES THAT MEAN AND IS IT NORMAL?

It means your realtor represents both you and the seller.
November 2, 2018

WHO HOLDS THE EARNEST MONEY?

The realtors if you have them.  Otherwise, our office can hold the earnest money in our trust account.
November 2, 2018

THE CONTRACT SAYS THE BUYER OWES ADDITIONAL EARNEST MONEY X DAYS AFTER A/I OR AA, WHAT IS THAT?

A/I and AA refer to attorney review and inspection time frames.  It means the buyer’s earnest money is due after both lawyers have reached an agreement […]
November 2, 2018

THERE ARE ITEMS OF PERSONAL PROPERTY THAT MY REALTOR FORGOT TO CHECK OR SHOULD NOT HAVE CHECKED ON THE FIRST PAGE OF THE CONTRACT, WHAT DO I DO?

Tell our office no later than the first five business days after signing the contract.
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