Before the closing date
Your closing attorney tracks the title commitment and clears exceptions, coordinates payoff letters and lender conditions, confirms condominium and water documents, and reviews the settlement statement line by line. Surprises are resolved days in advance rather than at the table.
At the table
Most Chicago-area closings take place at a title company. Your attorney explains the deed, the note and mortgage, the closing disclosure, the transfer declarations and the affidavits you sign, and confirms that funds are disbursed correctly.
Mail-away and remote closings
Buyers and sellers who can't attend in person can often sign ahead of time through a mail-away closing arranged with the title company. Timelines and notarization requirements vary by lender, so plan early.
After closing
The deed is recorded with the Cook County Clerk's Recordings Division, or the recorder in the collar counties. New owners should apply for the homeowner exemption with the assessor and keep a complete closing file.
Questions clients ask
What is prorated at a Chicago closing?
Property taxes are the largest item. Because Cook County taxes are paid in arrears, the seller credits the buyer for taxes accrued through closing, often based on a percentage of the most recent full-year bill. Rents and deposits are prorated for occupied buildings, and condominium assessments for the month of closing.
How early should I contact a closing attorney?
Before your contract is signed or during attorney review. Title and water documents take time to order.