We are closing on a new condo in Chicago. Are we required to have an attorney?

We are purchasing a gut rehab condo in Chicago. We will have a mortgage from a bank. Is it absolutely necessary to have an attorney, or will the mortgage company and/or the title company prepare the required documents. About 20 or 25 units are already occupied.

By | 2013-08-24T09:20:21+00:00 August 24th, 2013|Mortgages Home Loans Interest Rate|2 Comments

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  1. michelle l August 24, 2013 at 9:51 AM - Reply

    They provide one for you at the title companyt o represent you.

  2. Kay August 24, 2013 at 9:46 AM - Reply

    Your title company will do all the paperwork but in Illinois it is required that you also hire an attorney to overlook it. Its usually a very reasonable fee and really its just more protection for you. I had to hire one in Illinois 2 years ago and it was only 250.00. He did catch one mistake so it was worth the money

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