The Law Office of
Richard Broderick

 

Real Estate

Richard Broderick and staff bring extensive experience in real estate legal services for buyers, sellers. landlords and tenants, both residential and commercial, within the Chicago Metropolitan area. 

From purchase and sale negotiating services to lease drafting, our focus is to make sure that that the rights and responsibilities of all parties are defined and agreed upon to secure your interests and to prevent future issues between parties. 

Purchase and Sale Transactions, Commercial and Residential:

  • For the buyer:
    • Review and negotiate the specific terms of the real estate sale contract;
    • Help evaluate financing options and explain the terms of your loan;
    • Evaluate all documents, such as the deed, title policy, mortgage, survey, closing statement and seller disclosure statement;
    • Negotiate issues raised by property inspections and due diligent investigations
    • Review the title insurance commitment and closing documents
    • Inform you of any facts that affect your interest and provide counsel if difficulties arise.
    • Attend the closing and make sure you receive clear title.
  • For the seller:
    • Review and, if necessary, negotiate and modify the terms of the real estate brokerage listing agreement
    • Review and negotiate the specific terms of the real estate sale contract;
    • Order title searches, surveys, mortgage payoff letters, condominium documents and all other items required for closing;
    • Obtain the title insurance commitment
    • Prepare the deed, all other closing documents and prepare the closing figures;
    • Schedule the closing at a time and place that is convenient for you;
    • Attend the closing and make sure that you convey clear title; and
    • Inform you of any facts that affect your interest and provide counsel if difficulties arise.

Other Real Estate Matters We Handle:

  • Zoning and Land Use
  • Real Estate Development
  • Mechanics Lien Matter
  • Real Estate Financing
  • Landlord/Tenant Law - Leasing and Evictions
  • Mortgage foreclosures