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Illinois HUD Home Learning Center

Provided By Chase Real Estate, LLC - Christian Chase Neighborhood Listing Broker Alpine FP

You are here: Home / For Brokers / Municipal Requirements / Romeoville

Romeoville

Romeoville: www.romeoville.org/.

The process to obtain transfer stamp:

  • Air Quality Test Required Prior To Closing
  1. If Passes – No action required
  2. If Fails – Escrow to be deposited with buyers attorney. Buyer’s attorney must attach letter of deposit and copy of deposit ticket to Village.
  • Walk Through Inspection with Village Required Prior to Closing
  1. Electrical Inspection
  2. Mechanical Inspection
  3. Vacant Home Inspection
  4. Affidavit must be signed by the buyer
  • Clearance Letter (Good For 5 Days) Must be Obtained Prior to Closing.
    1. Water Meter Reading
    2. Village Liens
    3. Inspection Report(s) Completed
  • Obtain Transfer Stamp At Village (BSCA To Obtain)
  1. Original Copy of Deed
  2. Contact Finance Department for an updated “Clearance Letter” good for 5-days.
  3. P-Tax Form
  4. HUD Exempt $40.00 fee paid
  5. Stamp Fee $3.50/$1000.00

Transfer Stamp-Seller-Buyers Closing Agent to obtain HUD’s-$40.00 Exempt Stamp for closing.

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