The Best Real Estate Attorneys in Lake Forest, IL
Find experienced real estate attorneys in Lake Forest, Illinois. Compare 3 top-rated lawyers specializing in property transactions, closings, and real estate law.
Top-Rated Real Estate Attorneys in Lake Forest
Kevin O'Flaherty
Lavelle Law Ltd.
Kevin O'Flaherty is a highly-rated real estate attorney with over 15 years of experience, specializing in residential and commercial real estate transactions, closings, and disputes. He is known for his client-centered approach, successful case outcomes, and strong reputation in the Chicagoland area, including Lake Forest. His practice focuses on providing comprehensive legal services with high client satisfaction ratings.
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Daniel J. Siegel
The Law Offices of Daniel J. Siegel
Daniel J. Siegel is an established real estate attorney with over 12 years of experience, handling complex real estate transactions, disputes, and zoning matters. He serves Lake Forest and the North Shore region, with a reputation for diligent representation and high client satisfaction. His practice is noted for successful outcomes in residential and commercial real estate cases.
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Michael Boodell
Boodell & Domanskis, LLC
Michael Boodell has over 18 years of experience in real estate law, focusing on commercial real estate, financing, and development projects. He serves clients in Lake Forest and throughout Illinois, with a strong track record in complex transactions and litigation. His firm is recognized for its expertise and high client satisfaction in the real estate sector.
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Frequently Asked Questions
What specific local zoning or land use issues in Lake Forest, IL, should I discuss with a real estate attorney?
Lake Forest has strict zoning ordinances and historic preservation guidelines, especially concerning its many landmark properties and conservation areas. A local attorney can advise on permissible modifications, setback requirements, and the process for obtaining variances from the City's Plan Commission, which is crucial for renovations or new construction.
How can a Lake Forest real estate attorney help with the review of a property's title, given the area's older homes?
Many homes in Lake Forest are historic, making title searches complex due to potential easements, covenants, or old subdivision restrictions. A local attorney will conduct a thorough title examination, identify issues like shared driveway easements common in older neighborhoods, and ensure clear title insurance is obtained to protect your significant investment.
Are there unique contract considerations for buying a home in a Lake Forest association, like the Lake Forest Lake Bluff Association (LFLBA)?
Yes, properties within associations like the LFLBA have specific covenants and rules governing property use, architectural changes, and even dock rights on Lake Michigan. An attorney will review these governing documents, explain your obligations and restrictions, and ensure the contract includes contingencies related to association approval and fees.
What role does a real estate attorney play in a 1031 exchange for an investment property in Lake Forest, IL?
A real estate attorney is essential for structuring a compliant 1031 exchange to defer capital gains taxes. They work with your qualified intermediary to ensure strict IRS timelines are met, draft precise exchange agreements, and coordinate with title companies. This is critical given the high property values in Lake Forest to maximize tax deferral benefits.
When is it necessary to hire a real estate attorney for a simple residential closing in Lake Forest versus using the title company alone?
While Illinois law doesn't require an attorney for closings, it's highly advisable in Lake Forest due to high-value transactions and complex local practices. An attorney provides crucial representation, reviews the closing statement for errors, negotiates last-minute issues like repair credits, and ensures all local transfer tax requirements and municipal ordinances are satisfied.
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