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

Melrose Park


 

  • Certificate of Compliance Inspection is required.  Call Building Department at 708-343-4000 to complete form, payment of inspection $150.00, and set-up appointment.
  • The Village will provide 2-3 days a typed copy of the inspection.
  • Plat of Survey Mandatory.
  • Upon receipt of the violations report, the option of “AS-IS” is available the fee is $100.00 the repairs revert to the Buyer. The building commissioner allows a prescribed period of time for the completion of the work and may extend if necessary. A re-inspection is required after repairs are completed.
  • Contact the Water Department-708/343-4000 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.
  • Install a new water meter according to Village regulations.
  • Final water reading required contact Water Department to schedule an appointment.  This should be done 72-hours prior to closing.  (If the property is a Melrose Park address but water is serviced by Leydon Township-inside final water meter reading is required.  This should be done 5-days prior to closing. )
  • The final water bill is paid and any other liens on the property
  • Buyers to complete form 3500 see form-notarized.
  • Buyer to complete form 4000 application for new water service. See form
  • Transfer Stamp-Buyers Closing Agent obtains Stamp for Closing.
    • No Fee for Stamp.  The compliance inspection is the tax stamp payment
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