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  2. Real estate transfer tax - Wikipedia

    en.wikipedia.org/wiki/Real_estate_transfer_tax

    Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...

  3. Internal Revenue Code section 1031 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    This method offers both buyer and seller many benefits and is regarded as an excellent possibility for those looking to retire from or exit from the real estate or business market. However, capital gains tax will be assessed as the payments are received by the seller, unlike a 1031 exchange, whereby the capital gains tax can be deferred ...

  4. Transfer tax - Wikipedia

    en.wikipedia.org/wiki/Transfer_tax

    Moore, 178 U.S. 41 (1900), confirmed that the estate tax was a tax on the transfer of property as a result of a death and not a tax on the property itself. The taxpayer argued that the estate tax was a direct tax and that, since it had not been apportioned among the states according to population, it was unconstitutional.

  5. Private transfer fee - Wikipedia

    en.wikipedia.org/wiki/Private_transfer_fee

    A number of private transfer fee covenant laws require the seller to disclose the existence of the transfer fee and, failing to do so, the buyer can recover the difference between the market value of the real property subject to the private transfer fee obligation and the market value of the real property if the real property were not subject ...

  6. Title insurance - Wikipedia

    en.wikipedia.org/wiki/Title_insurance

    A real estate attorney, broker, escrow officer (in the western states), or loan officer can provide detailed information as to the price of title search and insurance before the real estate contract is signed. Title insurance coverage lasts as long as the insured retains an interest in the land insured and typically no additional premium is ...

  7. Illinois basketball reserve big man enters NCAA transfer portal

    www.aol.com/illinois-basketball-big-man-enters...

    Illinois basketball player Dain Dainja has entered his name into the NCAA transfer portal, he announced Monday on social media. The 6-foot-9, 270-pound center averaged 6.1 points and 3.6 rebounds ...

  8. Structured settlement factoring transaction - Wikipedia

    en.wikipedia.org/wiki/Structured_settlement...

    A structured settlement factoring transaction is a means to raise liquidity where there is no other viable means, via the transfer of structured settlement payment rights, for items such as unforeseen medical expenses, the need for improved housing or transportation, education expenses and the like, or in a situation where the individual has simply spent all his or her cash.

  9. Penalties for driving without insurance in Illinois - AOL

    www.aol.com/finance/penalties-driving-without...

    Per Illinois state Mandatory Insurance Law 625 ILCS 5/3-707, all vehicles with valid registration must carry the required insurance coverage to avoid the following possible penalties: Paying a fine