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Updated about 7 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Downers Grove, Illinois
  • Member since Jul 14, 2017
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Downers Grove, Illinois
  • Member since Jul 14, 2017
Connect
Account Closed
  • Downers Grove, IL
165
Votes |
366
Posts
Buying & Selling Real Estate

IL Cook County improper Exemption

Account Closed
  • Downers Grove, IL
Posted

Seller has a tenant in property 3 or 4 years. Tax bill in public records indicates seller is improperly taking owner occupied homested exemption. 

What potential liabilities if any does a potential buyer have for county potential demand for taxes and penalties? 

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