Real Estate Law

Have Real Estate Law Questions? Ask a Real Estate Lawyer.

Ask a Lawyer,
Get an Answer ASAP!

Real Estate Law

If a deed is recorded in Illinois on vacant land tenancy by

Customer Question
the entirety, which you can't...
if a deed is recorded in Illinois on vacant land tenancy by the entirety, which you can't do because you must have a homestead to qualify for tenancy by the entirety ---- after the house is built, does tenancy by the entirety now apply?
Submitted: 2 years ago.Category: Real Estate Law
Show More
Show Less
Ask Your Own Real Estate Law Question
Answered in 26 minutes by:
10/26/2015
Real Estate Lawyer: Barrister, Lawyer replied 2 years ago
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 39,461
Experience: 17 years real estate, Realtor. Landlord 26 years
Verified

Hello and welcome! My name is ***** ***** I will try my level best to help with your situation or get you to someone who can.

.

If the house is later built on the vacant lot, then it should be reconveyed with a quitclaim deed from the owners back to them stating tenants by the entirety to create that ownership interest and protection from creditors. Vacant land cannot be held as tenancy by the entirety. So the vacant lot would change to a joint tenancy if no other action is taken.

.

If a vacant lot is purchased for the construction of a homestead, after construction and occupancy, the land should be conveyed to themselves to create the tenancy by the entirety. An exception to that would be the purchase of the “lot next door” to add to an existing home site owned in tenancy by the entirety.

.

.

thanks

Barrister

Ask Your Own Real Estate Law Question
Ask Barrister Your Own Question
Barrister
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 39,461
39,461 Satisfied Customers
Experience: 17 years real estate, Realtor. Landlord 26 years

Barrister is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Tina

Tina

Lawyer

5,436 satisfied customers

17 years of legal experience including real estate law.

Barrister

Barrister

Lawyer

39,461 satisfied customers

17 years real estate, Realtor. Landlord 26 years

Infolawyer

Infolawyer

Lawyer

7,785 satisfied customers

Experienced lawyer

Ray

Ray

Lawyer

7,559 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,207 satisfied customers

I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

Dimitry Esquire

Dimitry Esquire

Attorney

5,526 satisfied customers

JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin

Ely

Ely

Counselor at Law

4,925 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

< Previous | Next >

Related Real Estate Law Questions
I signed a construction contract with a builder and closed
Hi, I signed a construction contract with a builder and closed on my loan in November 2017. I paid the builder/architect 1800.00 for the plans, 1000.00 down payment and 9500.00 in closing costs. He pa… read more
Phillips Esq.
Phillips Esq.
Attorney
Juris Doctor
18,307 satisfied customers
We are buying a new construction home, the list price was
We are buying a new construction home, the list price was 475K. It was the end of the year so the builder made it seem like they were having a clearance and the price was reduced...we agreed on a 405K… read more
Barrister
Barrister
Lawyer
39,461 satisfied customers
I had to sign a non homestead affadavit in Miami FL to get a
I had to sign a non homestead affadavit in Miami FL to get a much needed equity loan from them. 7 years later, the paper was discovered in the book of records that Ocean Bank sent to them. Now the pro… read more
Lori
Lori
Juris Doctor
244 satisfied customers
Time is of the essence" in a construction contract. what
quot;time is of the essence" in a construction contract. what damages can i collect if my only direct consequential loss was inconvenience? I was scheduled to relocate to my winter home Nov1; contract… read more
Asad Rahman
Asad Rahman
Attorney
J.D.
2,283 satisfied customers
I am building a house and almost done. It is a construction
I am building a house and almost done. It is a construction loan. Our builder has an amazing reputation and waiting list . He has been in the business 30 years. We just noticed he did not put a warran… read more
Barrister
Barrister
Lawyer
39,461 satisfied customers
Is your primary residence with homestead exemption protected
is your primary residence with homestead exemption protected in a lawsui in Florida … read more
ScottyMacEsq
ScottyMacEsq
Doctoral Degree
17,288 satisfied customers
Do construction companies usually require non-refundable
Do construction companies usually require non-refundable deposits before beginning house construction? … read more
LegalKnowledge
LegalKnowledge
Juris Doctor
28,087 satisfied customers
My daughter is at UF in a newly constructed bldg. There are
My daughter is at UF in a newly constructed bldg. There are 1400 beds in the bldg. Everyone is upset that none of the amenities have been completed yet we are still paying full rent. Do we have any “l… read more
Infolawyer
Infolawyer
Lawyer
Doctoral Degree
7,785 satisfied customers
Minnesota real estate - Is homestead property immune form
minnesota real estate - Is homestead property immune form judgment creditors and federal tax liens- how is a homestead created? … read more
Ray
Ray
Lawyer
Doctoral Degree
7,559 satisfied customers
How do you put Homestead protection on a home? California
How do you put Homestead protection on a home? JA: What steps have been taken so far? Has any paperwork been prepared or filed? Customer: no JA: Where is the home located? Customer: Arnold California … read more
Infolawyer
Infolawyer
Lawyer
Doctoral Degree
7,785 satisfied customers
We are a construction company in Wisconsin and we are on a
We are a construction company in Wisconsin and we are on a job site and our north property line is parallel to Canadian Pacific Rail road. Our new building foundation is 2'-0" off of the north propert… read more
Damien Bosco
Damien Bosco
3,353 satisfied customers
I have a judgment on my homestead from a bankruptcy court in
I have a judgment on my homestead from a bankruptcy court in South Carolina. They are moving to take my home. Can they? … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I moved in August to Homestead and prepaid rent and a fence
I moved in August to Homestead and prepaid rent and a fence that still is not built 3 months later. I told the landlord to apply the $4k to the rent for November and December and he said no and is mov… read more
LegalKnowledge
LegalKnowledge
Juris Doctor
28,087 satisfied customers
My seller /POA wants to cancel the contract in its entirety
My seller /POA wants to cancel the contract in its entirety with RE Agency I work for. So the agency has cancelled the Escrow. Now the atttorney representing my company wants to know from me, if I wil… read more
Barrister
Barrister
Lawyer
39,461 satisfied customers
In texas, is there a homestead exemption? E.g. if a person
In texas, is there a homestead exemption? E.g. if a person personally guaranteed a business loan, can they be sued and a judgment against them on their primary residence? Thanks!… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
Second opinion] PAYING OFF LAND STILL OWE AND HAVE HOMESTEAD
Second opinion] PAYING OFF LAND STILL OWE AND HAVE HOMESTEAD SOMEWHERE ELSE...CAN A CIVIL LIBEL LAWSUIT PUT A LIEN ON BOTH AND FORECLOSE ON BOTH AND EVICT US OFF THE PROPERTIES… read more
Barrister
Barrister
Lawyer
39,461 satisfied customers
PAYING OFF LAND STILL OWE AND HAVE HOMESTEAD SOMEWHERE
PAYING OFF LAND STILL OWE AND HAVE HOMESTEAD SOMEWHERE ELSE...CAN A CIVIL LIBEL LAWSUIT PUT A LIEN ON BOTH AND FORECLOSE ON BOTH AND EVICT US OFF THE PROPERTIES… read more
Ray
Ray
Lawyer
Doctoral Degree
7,559 satisfied customers
L. Does one party to a homestead held in joint tenancy have
l. Does one party to a homestead held in joint tenancy have the right to change his portion of the property to tenants in common without notice and permission to/by the other party? … read more
Barrister
Barrister
Lawyer
39,461 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x