Spreading Some Non-Profit Love

LoftusLaw is decidedly for profit.  However, it is important to give back.  Not only does it feel good to give, it is just the right thing to do.  Hopefully I can inspire some giving here, by telling you a little bit about my favorite charities. World Wildlife Fund I like WWF, because of their support… Read More

It Always Feels Like Somebody’s Watching Me!

At first glance, this picture does not look particularly controversial or even interesting. But if you look closely, there is something extremely important going on here. Mark Zuckerberg, CEO of Facebook, has placed a piece of tape over the webcam on his computer. It’s a remarkably low-tech solution to a fairly high tech problem, which… Read More

Financial Planning In The Era of Marriage Equality

Everyone should have some kind of financial plan.  For many people, this does not become clear until they get married and start a family.  Once there is more than one person to think about supporting, it becomes fairly obvious that a plan must be in place in order to avoid bad consequences for spouses and… Read More

6 Myths About Homebuying — Translated

I came across an interesting article on Yahoo about “Homebuying Myths” (click here to see the article).  The article has some interesting information, but there are some things that I think could be added to make the article more helpful.  Here is what I would add — Myth 1 – You don’t need a 20%… Read More

Federal Judge Dismisses Lawsuit Accusing Zillow of Conducting Appraisal Without License

This is a follow up to my post last week about some of the controversies surrounding the real estate website Zillow.  To bring yourself up to speed, click here… Welcome back to the post!  At the time of publication a lawsuit was pending against Zillow accusing the website of violating Illinois law by conducting appraisals… Read More

Is Zillow Helpful or Harmful?

Zillow is a real estate listing website with a twist — each listing has an estimate of the value of the real estate, which Zillow calls a “Zestimate.”  That twist has been controversial among homeowners, especially when the Zestimate is lower than expected. In April of this year, a homeowner (and lawyer) in Glenview filed… Read More

Condo Rental Caps – How The Board Can Prevent You From Renting Your Place

Most condo owners prefer that their neighbors are owner-occupants.  As a result, many condo boards enact rental restrictions or even outright ban rentals.  If validly done, the condo board can levy fines and file lawsuit to stop you from renting your unit.  Here is how to determine whether your board’s restrictions are enforceable. Most buildings… Read More

Per Crain’s: South Works Site Has New Developer On Board

Vacant since 1992, the former U.S. Steel South Works site is set to be purchased by WElink and Barcelona Housing Systems.  Both companies specialize in environmentally friendly construction. Thanks to Crain’s Chicago Business for reporting the story.  Any comments on how you think this news will affect economic development in South Shore neighborhood are appreciated!

In Defense of Real Estate Broker Commissions

I hear it all the time from home sellers.  “Why do Realtors make so much money?”  I’ve heard a few variants on the sentiment, ranging from the more diplomatic, “Realtors don’t seem to do much work to earn their commission,” to the more direct, “this commission is horse s**t!”   I submit to you, however,… Read More