It is important for Cook County property owners to carefully review their property descriptions because some types of errors may lead to higher property taxes. Residential property owners are fortunate; they have the ability to see mistakes in their property descriptions by reviewing the characteristics listings that are included with their reassessment notices.

However, owners of … Read More ›


The Federal National Mortgage Association (FNMA, otherwise known as Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC, commonly known as Freddie Mac) have both created new sets of requirements impacting condominium associations in recent years.

These new guidelines were primarily in response to the partial collapse of a Surfside, Florida condominium building in 2021. … Read More ›


People in Cook County may be eligible for property tax exemptions that could substantially reduce their tax bills. Individual’s exemptions are based on the characteristics of the property owners, including homeowners, senior citizens, certain veterans, disabled people, long-term occupants or people who have completed home improvements. (Property exemptions for commercial properties, industrial properties and/or apartment … Read More ›


A thriving community starts with a thoughtfully prepared budget. Financial planning helps ensure a stable future for any condominium, homeowner (HOA), or townhome association. Accordingly, board members must take their financial responsibilities seriously.

Generally, a budget should include the association’s estimated annual revenue, expenses, and reserve fund contributions. Board members, community leaders, and property managers should … Read More ›