What value does a real estate lawyer add on top of title insurance?

Mar 13, 2010 in Questions And Answers

If title insurance already protects against:
- survey errors
- legal description errors
- negligence
- forgery
- liens

and negates the need for:
- zoning compliance certificate
- tax certificate
- hydro/water/gas certificates
- law society levy

what value does a real estate lawyer add on top?

Is it just for wading through the legalese in the Offer and the Agreement?

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Where can I purchase Cook County Illinois tax certificates or tax liens available for resale?

Dec 29, 2009 in Questions And Answers

I am interested in purchasing property tax certificates in Cook County Illinois. I did not attend the tax sale auction, since I heard that there is too much competition that drives the interest rate to 0%, so I would like to buy a certificate in the secondary market or over the counter. I know that tax certificates are a good investment and tax buyers are very secretive and uncooperative to competition. Is there anybody that resells tax certificate in Chicago or Cook County? I am looking for certificates that will probably not be redeemed, so I can file a tax deed petition on them. Thanks much for your answers.

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Tax lien certificates (TLC) profit exactly how?

Aug 27, 2009 in Questions And Answers

Well, Real Estate is not exactly my area of expertise, and I’ve known about TLC’s for a while but never exactly understood how it all works. Is there a high risk to this? Can you lose money? I heard you still make money somehow, right?

Heres a scenerio:

There is a tax lien on a nice property, the face value for Tax Certificate is .99 and the Delinquent Taxes due for 2008 is 97.94. The company has a 5 processing fee. What should I expect to spend on this? How do I figure out what interest I earn if the owner of the property pays the taxes owed? Anything about this business would help greatly. Thank you for taking the time to read my question!!

- Logan

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What is the process for buying property that a tax lien company currently has a tax certificate on?

Apr 25, 2009 in Questions And Answers

We are hoping to buy some property, but apparently the owner hasn't paid property taxes on it in over 4 years. A company called Heartwood 88 has a tax certificate on the place…would we be purchasing the tax certificate from them or do we still need to go through the current owner?? any help would be greatly appreciated!!! Thanks!!!
The problem is….I can't find the owner!!

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