Legal Question in Real Estate Law in Illinois
Letters of Assignment
We recently sold our house. The disclosure indicated that we are on a mine. Recently we closed a claim for mine subsidence. My questions are: 1. How do I write a letter of assignment to the new owners so that they may receive any money due them for a future mine claim? 2. The insurance company will be sending a check to us for the current damage. Our closing date isn't until 3 weeks away. Does this money belong to us, or must we give it to the new owners?
1 Answer from Attorneys
Re: Letters of Assignment
Hello. The question here is
what are the new owners
entitled to in terms of
percentage. You should talk
this over with your buyers so
that you do not cheat yourself
out of what you are entitled
to. There are a number of
office supply outlets that
sell assignment forms, but I
do not suggests that you do
this on your own. In this
real estate matter you should
be represented by an attorney;
have them do this for you
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