Legal Question in Real Estate Law in Illinois

If the home improvement loan makes sense, there should be ways to work through this to protect each owner's interest. First, I expect that if your mother qualifies for the loan, then the lender should be satisfied provided that each owner signs off on the security instrument. That would be the most straightforward. If sole ownership is required, are you expecting that you would again inherit the property later? I would not rely on that expectation since your mother could do other things once in title that would impair your interests. So, some consideration should be given to ways to assure that your remaining interests are protected. I suggest working through this with an attorney. Alternatively, is there anything that can be worked out to get the home improvements done through any of the current owners. Perhaps a private loan makes more sense than a commercial loan. If one of you has the means to take care of the needs and take a mortgage against the property, that may give more flexibility. See an attorney.