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Updated over 7 years ago,

User Stats

52
Posts
9
Votes
Linda M.
  • Real Estate Investor
  • Chicago, IL
9
Votes |
52
Posts

non disclosure of code violations

Linda M.
  • Real Estate Investor
  • Chicago, IL
Posted

The last time I posted it was about the loan agent , this time it is concerning the attorney and the fact that there was found to be some code violations.To make a long story short, a couple of days after the contract was signed I go to the city of Chicago web sight and enter the address of the property and it comes up with a few things dating back to 2011 and 2012 ,I contact the "my" attorney and let him know that those things were not disclosed.After some time the seller make a change of attorney and the new attorney offers some credit towards repairs and that was fine with me. A few days later the seller goes back to the original attorney and say there will be no credit towards the repairs because it is an as-is contract , but on the contract the seller checks off they have no knowledge of any city or Government violations, and "MY" attorney seems to be just fine with not providing a credit, the "MY" R.E estate also say this is an as-is sale with a rehab loan .So what am I suppose to do when everybody sides with the seller. Is the Residential Real property Disclosure Act 765ilcs77 a helpful tool, I had to get an extension for this contract because of all the back and forth but should I also be looking at another attorney,oh and the r.e agent tells me that the seller needs to get a certain amount from this sale and does not have any money to give so is that a good reason to not ask for a credit? ...The attorney was a referral from real estate agent,I need ADVICE on how to proceed..

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