By Thomas Haught Be your own boss. Make your own hours. You call the shots! Have you ever considered purchasing a small business? Here is a non-exhaustive review of the documents you should expect to receive at your small business closing. Seller resolution. The owner of a small business will almost certainly be an entity,

By Thomas Haught  In my 23-year career, 2021 was the fiercest, most competitive year that I have ever seen for prospective purchasers of a home.   We had homes that were listed at 9 a.m. and were under contract before noon on the same day, while the seller had multiple bids. We saw sellers receiving 20

By Thomas Haught So, you’ve tried to bid on a new home earlier this year, only to have it snatched from you during a bidding war? Did you see that the asking price, or even a higher bid, won over that dream home? You weren’t alone. But that hot real estate market likely won’t last

By Thomas Haught Can an employer require employees to get a COVID-19 vaccine?  Ask 10 experts and get 10 different responses.  Before push comes to shove, the reasonable approach is for employers to simply encourage vaccination.  Allow employees to get vaccinated on work time, without docking pay.  Allow an employee a day off if they

Every year, without exception, new laws go into effect. Generally, all new laws are passed throughout the year and many laws take effect in mid-summer. Let us look at a couple that we will be dealing with after the new year. One exciting change in the law is related to college funds. New babies born

At first glance, buying or selling a home during a pandemic may look impossible. Selling a house is hard enough when conditions are perfect. Even when the economy is strong and we are not experiencing a global pandemic, properties can linger on the market for months. If you add a stock market on a roller

When Governor Pritzker signed HB 1438 into law and legalized marijuana, it created a whole new world. At least here in Illinois. Those 21 and older can now legally purchase and possess marijuana from a licensed dispensary.

NEW LEGISLATION ALERT FOR REAL ESTATE INVESTORS: Wholesale Real Estate By Tom Haught In the last several years, a niche real estate strategy, known as wholesaling, or wholesale real estate, became very popular. Basically, Buyer A signs a contract to purchase a property. But instead of closing on that property, Buyer A sells and assigns

KNOW YOUR CONTRACT: THE MULTI-BOARD RESIDENTIAL REAL ESTATE CONTRACT 7.0 By Tom Haught There’s a new contract in town: the Multi-Board Residential Real Estate Contract 7.0. The 7.0 was approved in 2019 as the new standard contract for purchasing residential real estate in Illinois. The Multi-Board Residential Real Estate Contract 7.0 seeks to correct what

How Do I Avoid Home Closing Delays? By Thomas E.  Haught Home closing delays are really irritating. The contract is signed. The sellers and the buyers have chosen a closing date that works good for them. So why has that closing date come and gone? You ask yourself, why aren’t we closing on time? Unfortunately,

What are the Real Estate Closing Expectations for Buyers and Sellers? By Thomas E. Haught Whether you’re the buyer or seller of a home, the expectations of a real estate closing are easily met with the right attorney by your side. Are you the buyer? Congratulations! You bought a home! If it’s time for your

Four Main Questions for Medical Malpractice Lawsuits in Illinois By Thomas Haught Medical malpractice can happen in an instant, but pursuing medical malpractice lawsuits in Illinois takes much longer, and is much more complicated. If you feel you’ve been the victim of medical malpractice, there are a few things you need to know before you

WHAT ARE THE REQUIREMENTS FOR A MEDICAL MALPRACTICE CLAIM? By Thomas E. Haught When we have to make lifestyle changes due to an illness or injury potentially caused by our healthcare provider, we may wonder if we have the requirements for a medical malpractice claim. Many people know the word “malpractice”, but they don’t really

When to Call a Contract Lawyer By Thomas Haught Contracts make the world go round, and unfortunately, when people don’t honor their contracts, it may be necessary to get a contract lawyer in Schaumburg involved. Although you don’t realize it, we enter into contracts on a daily basis. I don’t necessarily mean contracts with fifty

Why Your Illinois Real Estate Contract Just Got Complicated By Tom Haught Many, many years ago, before my time, residential sales contracts were closed on a handshake.  In more recent times, real estate transactions were closed with minimal documentation (perhaps nothing more than a note, a mortgage and a deed).  Those times are gone. Anyone