Can you really get off rent-free in a Chicago home?

Inheriting a Chicago home and in turn re-gifting it to a family member sounds like a straightforward endeavor, but beware?there?s serious red tape involved. Here?s a scenario: your sibling just graduated college, can?t find a job and is down on her luck, so you decide to let her to live in your inherited home rent-free. That?s awesome. But even if the mortgage is paid off, there are plenty of fees that you?ll have to consider for this to work. What [...]

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