Legal Question in Real Estate Law in Illinois

Re: buying a home

Purchasing a home is done by contract. Contract law requires that the purchaser's name, as well as the seller's, be on the contract. Otherwise, how would a court of law know who the parties are if there is a dispute regarding the property? After you purchase a home, you could create a land trust to hide your name.

Re: buying a home

If you are paying cash, you need to use a land trust or form a trust or LLC. If using a mortgage, that becomes more problematic.

Re: buying a home

Yes, it's possible. You could possibly put your home in a land trust or purchase it using another entity. However, you need to consult with an attorney to determine whether or not this is feasible in your situation.