Located in Burr Ridge, Illinois, Codilis & Associates is a law firm offering legal services centered around creditor rights. Codilis & Associates practice areas include foreclosure, evictions, and real estate owned properties with a focus on real estate law and bankruptcy.
Real estate law falls into two categories, namely commercial and residential. Real estate laws address various issues, including zoning, estate planning, deeds, titles, and purchase financing.
Residential real estate law covers properties like townhouses, multi-family houses, condos, and single-family houses. For the purchase of homes, the law prohibits the disqualification of any specific class of buyers. It also bans discrimination based on sex, disability, religion, or race. The law mandates that sellers disclose defects in buildings and structures. Examples of defects include weather damage, leaks, mold, and electrical malfunctions.
Commercial real estate properties include office buildings, stores, apartment buildings, and industrial buildings as well as other buildings used for profit-making ventures. Commercial leases are more complicated than residential leases because they have to be specifically crafted for each property. Generally speaking, standard lease forms with boilerplate language are insufficient.
2. Introduction
Located in Burr Ridge, Illinois, Codilis & Associates is a law firm offering legal services centered
around creditor rights. Codilis & Associates practice areas include foreclosure, evictions, and real
estate owned properties with a focus on real estate law and bankruptcy.
3. Real estate law falls into two categories, namely commercial and residential. Real estate laws
address various issues, including zoning, estate planning, deeds, titles, and purchase financing.
4. Residential real estate law covers properties like townhouses, multi-family houses, condos, and
single-family houses. For the purchase of homes, the law prohibits the disqualification of any
specific class of buyers. It also bans discrimination based on sex, disability, religion, or race. The
law mandates that sellers disclose defects in buildings and structures. Examples of defects include
weather damage, leaks, mold, and electrical malfunctions.
5. Commercial real estate properties include office buildings, stores, apartment buildings, and
industrial buildings as well as other buildings used for profit-making ventures. Commercial leases
are more complicated than residential leases because they have to be specifically crafted for each
property. Generally speaking, standard lease forms with boilerplate language are insufficient.
