Erica says the Cook County Recorder of Deeds has decided to expand her job responsibilities to include fraud prevention. This is causing a problem for people who inherit property and what to get their names recorded as the new owners.
Previously the heirs were able to sign documents testifying their right to the property but the new Recorder is now longer accepting their signatures and if no will or trusts were in place at the time of the owner’s death then the property goes to probate which can take 6 months or longer.
Erica stressed the importance of having a will but an even better solution is to have the property in a personal or land trust or have it listed on a Transfer On Death Instrument (TODI).
Give Erica a call if you or someone you know needs representation in any Real Estate legal matter