Top Rockford, IL Residential Real Estate Lawyers Near You
Contact a Boone County Real Estate and Short Sales Attorney
504 North State Street, Belvidere, IL 61008-3616
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120 W. State Street, Suite 401, Rockford, IL 61101
6735 Vistagreen Way, Rockford, IL 61107
100 Park Avenue, Rockford, IL 61101
120 West State Street, Second Floor, Rockford, IL 61105-1288
800 North Church Street, Rockford, IL 61103
2601 Reid Farm Road, Suite B, Rockford, IL 61114
2990 North Perryville Road, Suite 4300, Rockford, IL 61107
308 W. State Street, Suite 320, Rockford, IL 61101
120 West State Street, Suite 400, Rockford, IL 61101
124 N. Water Street, Suite 100, Rockford, IL 61107
2215 Perrygreen Way, Rockford, IL 61107
Rockford Residential Real Estate Information
Lead Counsel independently verifies Residential Real Estate attorneys in Rockford and checks their standing with Illinois bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Does Contingent Mean in Real Estate?
In a real estate transaction like the sale of a house, a “contingency” clause in the contract acts as a way to cancel the contract if a certain event were to happen. For instance, if you make an offer and the seller accepts it, you may negotiate a contingency that accounts for a poor housing inspection allowing you to back out of the deal. If you need to sell your home as well, you could negotiate a contingency that allows you to back out of buying the new home if you can’t sell your current one.
What Is a Short Sale?
A short sale is when the seller is selling the property for less than is owed on the mortgage. This could be a bank that repossessed the home in a foreclosure. In this case, the bank would sell the house, essentially hoping to get someone to buy the house, and the bank will forgive the difference that remains on the original mortgage. A short sale often presents a good opportunity to the right buyer who needs to save a bit of money.
Do I Need a Real Estate Lawyer or a Real Estate Broker?
A broker (also known as an agent or realtor) represents people in the home buying or selling process. But they may not be as experienced when it comes to contract negotiations as a real estate lawyer. While you may not need a real estate lawyer for your home sale, they can help you deal with any unexpected roadblocks to the sale process. Some states also require a real estate attorney for any contract signings. If you are unsure, you could schedule a consultation.