Real estate lawyer for Chicago and all suburbs


	Representing Sellers and Buyers of Homes and Other Real Estate Wills, Trusts, Living Trusts, Powers of Attorney and Other Estate Planning Law Offices of James B. Spina, Ltd. Experience Counts Serving the Chicago Metropolitan Area since 1979
	INFORMATION HOMES / REAL ESTATE Notes for Home Sellers Showing Your Home Disclosing Defects In Your Home The Existing Home Warranty Foreclosure, Payment Trouble Notes for Home Buyers Real Estate Taxes at Closing Do I Really Need a Lawyer? Attorneys’ Approval Clause Q & A on Short Sales Homestead Rights Keeping Closing Documents Telephone Privacy WILLS AND TRUSTS Do I Need a Will? Thoughts on a Simple Will Health Care Power of Attorney Estate Planning at Your Home Special Trust for Pet Owners Special Trust for Gun Owners GENERAL Site Map Contact About the Attorney Home	THE EXISTING HOME WARRANTY Home sellers and buyers have a common concern: What if something goes wrong with the house after closing? Who is at fault if the furnace fails in a month or two? Who will pay for repairs? Does the buyer have a claim against the seller? Fortunately, there is a way to greatly reduce these risks. THE EXISTING HOME WARRANTY. An existing home warranty is essentially an insurance contract. If a covered system fails during the warranty period, the warranty company provides coverage for the repairs. Like any other insurance, there are exclusions, limitations, and deductibles. Some policies cover only catastrophic failures to major systems such as furnace or roof, while others include appliances and smaller repairs. CONTROLLING RISK. Buyers often have little extra cash after their purchase, and an unexpected home repair can be a financial disaster. Sellers worry that buyers will look to them to pay for repairs that arise long after closing. An existing home warranty can greatly diminish the risks for both. FOR MORE INFORMATION. Many Realtors can provide information on preferred home warranty firms. A number of companies maintain informative web sites for those who prefer to do their own research. A simple search for “home warranty” can bring a wealth of information. A GOOD IDEA. The home transaction can be among the largest of a lifetime. The cost of a little peace of mind is small by comparison. The purchase of an existing home warranty can be a great idea for both sellers and buyers. 708-647-1900 jbs@SpinaLaw.com
	Top of the Page	____________________________________ ALL INFORMATION ON THIS WEBSITE IS EDUCATIONAL IN NATURE. IT IS NOT LEGAL ADVICE IN ANY RESPECT. CONTACT YOUR ATTORNEY FOR ADVICE SPECIFIC TO YOUR NEEDS. ____________________________________ All material on this website copyright © 1996 – 2010 Partial list of communities served: all over Chicago, suburbs and surrounding Illinois areas, including Tinley Park, Flossmoor, Matteson, Homewood, Lynwood, Olympia Fields, Glenwood, Park Forest, Richton Park, Orland Park, Lansing, Burnham, Calumet City, Sauk Village, Alsip, Blue Island, Crestwood, Riverdale, Mokena, Beecher, Chicago Heights, South Chicago Heights, Steger, Country Club Hills, Crestwood, Hazel Crest, East Hazel Crest, Thornton, Crete, Monee, Peotone, Markham, Midlothian, Oak Forest, Posen, Oak Lawn, Frankfort, University Park, Joliet, Palos Heights, Worth, Bedford Park, Burbank, Forest View, Stickney, North Riverside, Riverside, Joliet, Lemont, Lockport, Wilmington, Romeoville, Shorewood, Orland Park, Hickory Hills, Palos Hills, Palos Park, Manhattan, Minooka, New Lenox, Calumet Park, Dixmoor, Dolton, Harvey, Phoenix, South Holland, Ford Heights, Robbins, Chicago Ridge, Evergreen Park, Hometown, Merrionette Park, Berwyn. Bedford Park, Bridgeview, Hoffman Estates, Schaumburg, Burr Ridge, Countryside, Hodgkins, Indian Head Park, Justice, La Grange, McCook, Summit, Western Springs, Willow Springs, Cicero, Bellwood, Berkeley, Broadview, Brookfield, Forest Park, Maywood, Melrose Park, Des Plaines, Park Ridge, Rosemont, Bensenville, Elmwood Park, Franklin Park, Northlake, Schiller Park, Lincolnwood, Lemont, Hanover Park, Addison, Clarendon Hills, Downers Grove, Woodridge, Villa Park, Westmont, Elk Grove Village, and more.