Illinois HUD Home Learning Center christian.chase@mychaseagent.com
Reference

Harvey


  • Harvey: www.Cityofharvey.org/
    • Point-of-Sale Inspectionrequired-application must be filled out in person with the Department of Planning a Development-$75.00 fee
      • The Point-of-Sale inspection report takes (5) business days from the date of inspection to be completed
      • Purchasing property “As-Is” the buyer must submit a notarized as-Is affidavit-see form.
    • The Buyer must determine the cost of work to be done based on the code violations listed in the Point-of-Sale inspection report.  An estimate from a licensed contractor will assist in determining the Building Permit(s) cost.
      • The buyer must apply for building permit (s) 5-days prior to closing to address the code violations listed in the inspection report.  No same day permits will be issued.  The building permits will be issued 1-2 days after the application
      • For work $1,000.00 or more, the building permit will cost 3% of the total cost of work to be completed plus a refundable $150.00 Clean-up deposit that will be refunded upon completion of all work and certification from the Building Inspector.
      • For work $1,000.00 or less, the building permit cost is $75.00, which includes $25.00 for the permit and $50.00 Clean-up deposit that will be refunded upon the completion of work and certification from the building inspector.
      • After all violations are corrected, the Buyer should bring the hard copy of the building permit to the Department of Planning and Development and request a Clean-up deposit refund, which is typically mailed within 4-6 weeks.
    • Contact Water Billing Department-to obtain a history transaction journal for any outstanding water/sewer/liens outstanding on property.  E-mail all supporting documents to HUD’s Field Service Manager to obtain approval prior to closing.
    • Water Verification Form is issued to Seller after Final water meter reading has been completed and all outstanding balances have been paid.  There is a 48-hour waiting period on all final water readings. E-mail final bill to Buyer’s Closing Agent to process payment prior to closing.
    • Transfer Stamp Requirements:
      • BUYER’S CLOSING AGENT TO GET STAMP FOR CLOSING
      • Real Estate Transfer Declaration form-see website    
      • Buyer Stamp Fee: $2.00/$1,000.00 plus $45.00 administrative processing fee
      • Seller Stamp Fee: $2.00/$1,000.00
      • Deed or copy of P-Tax form
      • Copy of Real Estate Contract showing Buyers name and final sales price.
      • Water Verification form
      • Notarized copy of an AS-IS affidavit
      • Signed and Notarized Buyer’s Verification Form
      • Copy Point-of-Sale Inspection
      • Approved Clearance Form to include payment of outstanding fines.
      • Payment accepted: cash, credit cards
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