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Real Estate Law

Short Sales as an Alternative to Bankruptcy

We’re now in 2018, and many properties have regained market value since the financial crisis of 2008, which caused a short sale boom.   However, in  the Chicago area, many properties continue to be underwater, meaning that their market values are less than the balance owed to the mortgage lienholders.    So, while not a […]

Real Estate Law September 19, 2017

Real Estate buyers, was the property a mess on your walkthrough? Here’s what we can do.

  THE MESS Imagine yourself on closing day. You’re nervous. You’re excited. You’re going on 2 hours of sleep. After all, you’re about to make the largest investment of your lifetime. You meet your agent at the house for your walkthrough, planning to do a little mental decorating before the closing.  You’ve even been watching […]

Real Estate Law August 29, 2017

Own your home? A new Illinois law allows you to pass it to your heirs without probate.

I GET so many calls at the office from people who want to know how they can get the title to a property they have inherited placed in their name. And then I have to give the ugly bad news, because the answer usually is: PROBATE. Probate is a process by which assets are transferred […]

Real Estate Law November 8, 2015

O’Keefe Rivera & Berk is Ready for TRID!

If you are in the real estate field, chances are that you have heard about TRID. TRID just happens to be the most controversial, most anticipated, most feared change to the mortgage lending and real estate closing process in many years. So what’s the big deal with TRID? First, let’s focus on the acronym made […]

Real Estate Law November 6, 2015

O’Keefe, Rivera & Berk opens office in Oak Lawn for bankruptcy and real estate clients

We are pleased to announce the opening of our brand new office at 5620 W 95th Street, Oak Lawn, Illinois 60453, which is shared with Century 21 Affiliated. The office is open to clients in the South Suburban area of Oak Lawn who are seeking representation in bankruptcy, real estate, or any other of our […]

Real Estate Law October 21, 2015

Loan modifications at O’Keefe, Rivera & Berk

Loan modifications are a very popular topic at O’Keefe, Rivera & Berk, these days, and for good reason — a loan modification can keep a client out of foreclosure, lower interest rates, lower monthly payments, and even on rare occasions, reduce mortgage principal. Generally, loan modifications come up in conversations with clients in two different […]