Real estate law is a broad sector of legal representation, requiring detailed and precise legal expertise.
Chang Legal covers the gamut of real estate legal cases, with all of the following categories and more in our wheelhouse.
To learn more about the real estate solutions and support provided by Chang Legal in the Schaumburg, IL area, contact us today at contactus@changlegal.com or call 847.907.4971.
Short Sales
Short sales can be very stressful for a homeowner. If you’re having trouble making your mortgage payments, it may be time to consider a short sale situation before you are forced into a foreclosure. A short sale is when you sell your property for less than you owe and your lender also agrees to absorb that loss to let you out of a mortgage that you can’t afford. While there are some drawbacks to a short sale, it is far preferable to experiencing a foreclosure.
Purchase & Sale Agreements
If you’re purchasing or selling a home, you’ll be required to sign a purchase and sale agreement detailing the terms of this sale. It is critical that these documents are clearly defined in order to guarantee a smooth transaction. These details will include checking and defining contingencies, checking for red flags or mistakes, and confirming your commitments for the purchase and sale agreement.
The attorneys at Chang Legal can also perform title searches, outline the responsibility of the buyer and seller, evaluate counter offers, and draft any additional documentation you may need to make your home purchase or sale transaction a success.
Document Preparation
In addition to the purchase and sale agreement, Chang Legal will prepare real estate deeds (ownership transfer documentation), review contracts outlining negotiation details, seller notes (documents allowing a seller to get a home to the new owner more quickly), and closing documentation. We are also able to review any financing agreements that are passed between the buyer and seller during a home transaction.
Condo & HOA Services
Condominium development and support is an area we focus in at Chang Legal. We are experts in developing condominiums and related contracts, creating the legal documentation necessary, and dispute resolution. For example, if multi-condominium damages occur, Chang Legal can help determine and document where responsibility lies.
In addition to providing these services for condominiums, we are also well versed in developing homeowners associations (or HOAs) and related contracts. We are able to help you decide on various clauses, for example:
- Whether or not you will accept homeowners running home businesses with in-person clientele, such as a massage therapy studio.
- Whether or not you will allow homeowners to lease their properties.
- Whether there will be restricted guest access.
- Whether there will be any pet restrictions on the property.
Chang Legal can help you lay out these decisions in a legally binding and airtight way to protect the best interests of the HOA.
