Gardi, Haught, Fischer & Bhosale Archives - Gardi, Haught, Fischer & Bhosale LTD

Category : Gardi, Haught, Fischer & Bhosale

Category : Gardi, Haught, Fischer & Bhosale

2024 real estate market trends

Where is the Illinois real estate market headed in 2024?

By Thomas Haught Home prices, mortgage rates and inventory levels in Illinois will shape housing affordability in the coming year. What trends are expected in 2024 in the residential housing marketing in Illinois? Interest rates When inflation is high, interest rates rise. A higher interest rate means a higher monthly payment. So, of course, that

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Illinois Deposition

Depositions in Illinois: What are they? And what do you need to know?

By Aaron T. Novasic Depositions in Illinois are a common practice when a case is being litigated. A deposition is an on-the-record interview of a potential witness before trial. The purpose of a deposition typically is used for information gathering. It also can be used to preserve the testimony of a witness and, in turn,

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divorce-and-dissipation

Missing money and disappearing assets: How your spouseā€™s possible dissipation may impact your divorce

By Blake Austin Culver. When you review marital finances during a divorce, you may discover that marital money has gone missing and marital assets have disappeared without any explanation or justification from your spouse. This may be what is referred to as dissipation. Generally speaking, as stated in the Illinois case of Marriage of Oā€™Neill

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mechanics liens

Hereā€™s how Illinois contractors could protect and perfect their mechanics liens

By Eric Dobradin Contractors work hard to repair and improve residential and commercial real estate. Oftentimes, they juggle dozens of subcontractors while trying to keep a customer satisfied. The project management and organizational skills needed to pull off successful projects time and time again are exceptional. Even with the best results, contractors can find themselves

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Chicagoā€™s Residential Landlord and Tenant ordinance

Following Chicagoā€™s Residential Landlord and Tenant ordinance avoids delays, extra costs

By: Gardi, Haught, Fischer and Bhosale Ltd Landlords in Chicago should heed the cityā€™s Residential Landlord and Tenant ordinance to provide proper notice to a tenant if the landlord aims to evict or not renew their lease. Without providing proper notice, landlords could lose more time and money down the road. The ordinance ensures that

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avoid home or auto insurance losses

Promptly inform your Illinois homeowners or business insurance carrier of any incident to avoid losses later

By: Gardi Haught Fischer & Bhosale Ltd. Individuals and business owners in Illinois purchase liability insurance policies to protect themselves from potential financial ruin in the event someone is injured, or worse, due to their or their employeesā€™ negligence. Premiums for these policies are generally thousands of dollars every year, but the policy holders can

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real estate attorney illinois

Why you need a real estate attorney when you sell or buy a home in Illinois

By Thomas Haught Do you need to retain the services of an attorney to sell your house in Illinois? Technically, the answer is ā€œNo.ā€ Practically, the answer is ā€œOf course you do!ā€ When you sell a home in Illinois, your real estate attorney will review the contract, monitor contingencies, order and clear the title, procure

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Illinois housing meltdown

Hereā€™s why Illinois housing meltdown is unlikely

By Thomas E. Haught Although weā€™ve recently seen home prices stabilize, the number of homes sold is falling, homes are staying on the market longer and interest rates (although, big picture, are still incredibly low) are up. With the likelihood of a recession looming, are we looking at another housing meltdown (think 2008)?  The first

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temporary total disability

Temporary Total Disability: Compensation for missing work due to work injury

By Aaron T. Novasic If you are injured while working, you are entitled to benefits provided under your employerā€™s Workers Compensation insurance. One of these benefits include being paid while you are off work due to the injury. This is known as Temporary Total Disability (TTD) If your doctor has declared you unable to work

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inflation and divorce

Possible strategies for protecting yourself from high inflation rates during divorce

By Blake Austin Culver Housing costs, food prices, fuel chargesā€”daily living expenses have been increasing with high inflation rates not seen in over 40 years. With high inflation rates, it takes more money to buy the same goods and services. In Illinois, if high inflation rates may impact your dissolution of marriage case, including child

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Real Estate Market

The Rollercoaster that We Call the Real Estate Market

By Thomas Haught Is real estate still hot, or not? Are current real estate trends good, bad or somewhere in between?  At the beginning of the COVID-19 pandemic, the general assumption was that the real estate market was going to suffer. That did NOT happen. Instead, we saw one of the strongest real estate markets

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car accident

What if you are hit by a driver without car insurance?

By Aaron Novasic Being in a car crash is one of the scariest things someone can go through. Illinois law requires that all motorists carry car insurance for moments like that, not just for property damage, but also for any injuries someone might sustain as a result of the crash. Now, if you are involved

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asylum eligibility

Recent changes to employment authorization eligibility for asylum seekers

Recent changes to employment authorization eligibility for asylum seekers By Ann Fischer In September, the federal government amended its regulations relating to employment authorization based upon pending asylum applications. The effect of the decision removes regulations put in place during the Trump administration and restores prior procedures and eligibility requirements.  According to the U.S. Citizenship

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