Also, not sure how this affects anything but there was no listing agreement with the agent.

It was the same price as all the other 2 Family Properties in that particular block.But my Internal Rate of Return Analysis (IRR) told me that given all the factors that affect the future cashflows of this property in this area, that this was going to be a great deal.in 2013, I sold the property for $675k in order to buy a Bed-Stuy property.The return was astronomical.

What alarms me is so many folks dont understand what contingencies are and how they affect a buyers/sellers ability to close - a finance contingency is a courtesy from the seller- which also means the buyer can back out if they cant get funding.

How does that affect who is responsible for the remainder of the original loan balance? 

I have repeatedly asked for the covenant since September and each time they said their lawyers are working on it.

Rinse and repeat!

Failure of the Board to meet their fiduciary duty by properly funding all reserves and responsibly budgeting for all routine operating expenses will lead to unexpected increases in your monthly fees, and poor quality of maintenance and repairs which will affect the entire project.

I wanted to make a super quick post about a topic that has affected most of us investors in one way or another.I previously tried to purchase 2 multifamily properties in Lowell that ended up falling through before I bought Leominster.

As far as property taxes go, I am not certain, but I don't think those are affected since there was no sale of the property that took place.I hope this helps and I wish you the best in your real estate journey! 

From the little research, I just did it doesn't seem the like the Safe-T act will affect Chicago real estate a ton.Maybe you can explain the act a little better so that myself and others can understand, what your concerns are?