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In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain. It also does not serve as a warranty of any kind. [1]
The reference to 'HUD' in the form's name refers to the Department of Housing and Urban Development. Federal regulations require that unless its use is specifically exempted, either the HUD-1 or the HUD-1A, as appropriate, must be used for all mortgage transactions that are subject to the Real Estate Settlement Procedures Act. Prior to October ...
A regulated developer is to provide each purchaser with a disclosure document called a Property Report. The Property Report contains relevant information about the subdivision and must be delivered to each purchaser before the signing of the contract or agreement and gives the purchaser at a minimum a 7-day period to cancel the purchase agreement.
City or town Description 1: Glenwood School: May 29, 2020 : 1398 East 800 North Rd. Cissna Park: 2: Old Iroquois County Courthouse: Old Iroquois County Courthouse: June 13, 1975 : Cherry Street at 2nd Street
The Illinois Department of Financial and Professional Regulation (IDFPR) is the Illinois state government code department [1] [2] that through its operational components, the Division of Banking, Division of Financial Institutions, Division of Professional Regulation, and Division of Real Estate, oversees the regulation and licensure of banks and financial institutions, real estate businesses ...
In a typical transaction for the sale of real estate encumbered by a private transfer fee assessment, a contract for purchase of the real property is receipted at the title company. The title company then provides the prospective purchaser with a title commitment showing all encumbrances of record, including the transfer fee assessment.
The Grand Village of the Illinois, also called Old Kaskaskia Village, is a site significant for being the best documented historic Native American village in the Illinois River valley. It was a large agricultural and trading village of Native Americans of the Illinois confederacy , located on the north bank of the Illinois River near the ...
The commercial buildings in the Sycamore Historic District, located in Sycamore, Illinois, United States are mostly located in and around the city's downtown. The largest concentration of commercial contributing properties to the historic district are found along Illinois Route 64 as it passes through Sycamore. They include several buildings ...