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news: A New Twist to Estate Planning in Illinois - PowerteamHomes.com - 11/21/11 04:45 PM
 
 
 
A new law will soon make it easier to transfer residential real estate upon death while avoiding the time and cost of going through probate.  Governor Quinn recently signed into law the Illinois Residential Real Property Transfer on Death Instrument Act which takes effect January 1, 2012. 
 Under the Act, an owner of residential real estate may execute a Transfer on Death Instrument (“TODI”), which allows the property to pass to one or more designated beneficiaries upon the death of the owner.  The designated beneficiary could be an individual, corporation, trust, partnership, limited liability company, or a … (1 comments)

news: Real Estate Scams You Need to Know About! - PowerteamHomes.com - 09/20/10 02:33 PM
Foreclosure Rescue Scam “Rescuers” promise home owners who are in financial trouble that they can save their home from foreclosure. Their goal is to make a quick profit through fees or mortgage payments they collect. Red Flags: • The “rescuer” guarantees to stop the foreclosure process – no matter what the circumstance. • The borrower is instructed not to contact his/her lender or lawyer. • The “rescuer” collects a fee before providing any service. • The borrower is encouraged to deed the property over to the “rescuer,” lease it, and buy it back over time. • The “rescuer” tells the borrower … (1 comments)

 
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Paul N. Paterakis Lake Zurich, Long Grove, Hawthorn Woods, Kildeer Real Estate

Lake Zurich, IL

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The Paul Paterakis Power Team-Remax Showcase Homes For Sale

Address: 7159 RFD, Long Grove, IL, 60047

Office Phone: (847) 388-7551

Cell Phone: (847) 366-3455

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