Most Frequently Asked Questions
Q. Why do I need a lawyer for a
residential real estate purchase?
A. Intelligent consumers are well advised to
enlist the assistance of a qualified real estate attorney. Buying a
home will likely be the biggest and most important financial
transaction of your life. You need a qualified professional to help
guide you through the complicated world of today`s real estate
transaction, and help you steer clear of problems.
Your real estate attorney owes an undivided duty of loyalty to
you, unlike others involved in the real estate transaction, such as
real estate salespersons, lenders, appraisers, inspectors and title
insurance company representatives. Before you sign documents
involving significant legal rights and obligations, your attorney
can explain terms and help you understand what you are signing.
Therefore, you would be well-advised to see your lawyer first.
Consult a qualified real estate attorney before signing any offer
to purchase property. Thereafter, your real estate attorney can
help you negotiate the specific terms of the contract, review title
documents and ensure that clear title to the property will be
conveyed, help you evaluate mortgage financing options and explain
the terms of your mortgage loan, help guide you at closing through
the stack of documents that you will be asked to sign, and check to
be sure that the conveyance documents have been properly prepared
and actually convey good title to the property to you. If you are
married, your real estate attorney can also help you evaluate the
pros and cons of taking title as joint tenants or as tenants by the
entirety, and can explain to you the consequences of the various
Q. Can IRELA give me legal advice?
A. Sorry, no. If you need a real estate lawyer
but don`t have one, consult the Lawyer Locator Section
of this website to find a lawyer. For general legal information,
consult your local bar association or the Illinois State Bar
Association. The Chicago Volunteer Legal Services Foundation
(312-332-1624) provides referrals for low-income people in the
Q. Can you tell me whether a particular attorney is a member of
the IRELA and give me his/her name and phone number?
A. If you want to find out whether a lawyer is
a member of IRELA, go to the Lawyer Locator Section
of this web site, select a city or town, and click to see the
attorney listings. Or you can call IRELA at (847) 593-5750.
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