Legal Question in Real Estate Law in Illinois

contracts-covenants and restrictions

I guess I did not make my question clear enough before, sorry. My question is �do I have to abide by the indenture of trust and restrictions that was filed by the developer 4 days after we had already signed real estate sale contract?�

We signed sales contract on 3/25/03 and developer filed indenture 4 days after on 3/29/03. I closed on the house in Aug. 03. I was not made aware of this change until 7/3/08. I know it is my obligation to make sure of any covenants on development and I did so before signing contract. So again I ask �am I at fault or should developer have informed me of this before closing?� What are my legal rights?


Asked on 7/05/08, 4:28 pm

3 Answers from Attorneys
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: contracts-covenants and restrictions

One would have to review the contract. Also, chances are that the recorded restricitons would show on your title committment. You should read over that also.

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Answered on 7/06/08, 9:48 pm
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: contracts-covenants and restrictions

One would have to review the contract. Also, chances are that the recorded restricitons would show on your title committment. You should read over that also.

Read more
Answered on 7/06/08, 9:48 pm
Joseph Michelotti Michelotti & Associates, Ltd.

Re: contracts-covenants and restrictions

You have 10 years to sue the developer. You need to contact a local attorney.

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Answered on 7/06/08, 10:39 pm


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