Getting to Closing in Real Estate
Attorney Richard C. Fiocchi
Bernabei, Balestri & Fiocchi Attorneys at Law
Are you considering buying or selling property in LaSalle, Bureau Putnam or Marshall County, or the greater Illinois Valley? Do you want the purchase to be completed efficiently, properly and in good order?
As licensed attorneys, lawyers represent clients as they buy and sell farm acreage, restaurants, family businesses, professional business real estate, corporate real estate, tavern real estate and even parking, almost anything! Most of the time, clients are local folks who are buying and selling a home.
Practically speaking, you also may know that when you sign a real estate offer, and it is accepted, it is a legally binding contract.
The one common element in each of these transactions is the need for title insurance. Title insurance provides protection for lenders and our clients when liens crop up. These can be claims of others, judgments, unpaid taxes and defects in title. The title commitment provides your attorney with a tool to properly represent the client interest at closing. There are many reputable title insurance companies that can be utilized. Many law firms represent more than one company.
It is very common to uses a “bar-related” title company in the Illinois. The term “Bar-Related” means that these title agents, or “members,” are lawyers who issue title insurance policies as part of their law practices. As real estate attorneys, we work closely with all local brokers and lenders to “get to closing”.
A real estate sale or purchase is often the most expensive transaction of a client’s life. If you as a purchaser have your lawyer representing you in a real estate transaction, you will be certain that he, or she will review the title insurance commitment carefully, as well as the other closing documents prepared by the seller’s attorney.
The list of closing documents used in a modern transaction is long, complicated and best reviewed by the qualified legal counsel of your choice. Therefore, it is wise to choose an experienced real estate attorney to handle your purchase, and the real estate closing is especially important.
A good tip is to ask your local lender or real estate agent for suggestions as to a quality, experienced attorney. They will know who is hardworking, prompt and pleasant to deal with! These professionals might then give their suggestions to get to the closing efficiently. Lawyers that use a bar-related title insurance company often close promptly in their local office, or local lending institution. Getting to closing is an important consideration when making you choice.
Posted on March 9, 2017 at 11:05 am
Bernabei, Balestri & Fiocchi Law Offices
Representing Farmers and Farm Estates Since 1953
SALE OF FARMLAND
PUBLIC SEALED BID
On behalf of the family, Attorney Richard C. Fiocchi will offer the Everett Carver Farm on Wednesday, February 1, 2017 at 11:00 a.m. for sale at a public sealed bid auction the sale of 160.00 (more or less) acres of farmland, (approximately 113.5 tillable acres, 46.5 pond, pasture and timber) LaMoille Township in Bureau County, Illinois, as follows:
The Northwest Quarter (NW ¼) of Section 34, Township 18 North, Range 10 East of the Fourth Principal Meridian in the Township of LaMoille, Bureau County, Illinois.
A sale of farmland sales package containing:
A copy of the Attorneys’ Title Guaranty Fund, Inc. Commitment for Title Insurance, soil maps, the 2015 Real Estate Tax Bill, the terms of the farm tenancy, and the sales contract are available for inspection by appointment at the law office of BERNABEI, BALESTRI & FIOCCHI, 201 East Saint Paul Street, Spring Valley, IL 61362. Phone: (815) 664-2358
DATE, TIME AND PLACE OF SALE
The date of sale is February 1, 2017 at 11:00 a.m. at the law office of BERNABEI, BALESTRI & FIOCCHI, 201 East Saint Paul Street, Spring Valley, IL 61362.Posted on January 20, 2017 at 3:21 pm