New Fingerprinting Law in Cook Co. in effect as of June 1, 2009

In an attempt to fight mortgage fraud, all purchasers of real property in Cook county will now be required to give a fingerprint, to be kept on file to complete the transaction.

Public Act 095-0988 amends the Illinois Notary Public Act by describing the manner in which a notary must sign each certificate at the time of notarization.The law requires that a paper or electronic form must be completed and retained, for a period of seven years, for each notarial act relating to real property in Cook County.

As part of the process, the new law will require the notary to have the individual to whom the property is being conveyed, as well as an agent acting on behalf of a principal under a duly executed power of attorney, to place his/her thumbprint on the transaction documents.

This is a currently a pilot program, and the new law is set to be in act July 1, 2013.  If you have questions about the Real Estate process or need assistance with buying or selling in this ever changing market.  Please contact us today at kjpremier@atproperties.com.

Where to Buy Now

The question no longer is should I buy now or later….this is the time to buy!  The question now is, “where should I buy to maximize my investment?”  Here is a great article in Chicago Magazine that addresses this question for the Chicagoland marketplace.   http://chicagomag.com/Chicago-Magazine/October-2008/Where-to-Buy-Now/  Detailing city and suburban areas where you can find deals and fixer uppers, or break into a area where you otherwise would have been priced out of a year or 2 ago.  Check out the pluses and minuses of each suggestion!  Enjoy!

Please contact us at kjpremier@atproperties.comto further talk about and narrow down the best place for you to buy.  We can help you find “your best place “  whether your a first time home buyer, trading up, or looking for a great investment property.