Home Buying in Chicago>Question Details

Notetoself, Home Owner in Chicago, IL

Is it illegal to screen potential buyers before purchasing a condo in IL?

Asked by Notetoself, Chicago, IL Mon Oct 3, 2011

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Can you give us more color on what you mean by "screen' , what was asked, and who asked for the information? Without this it is very hard to answer the question with any accuracy.

thanks

Dave
1 vote Thank Flag Link Mon Oct 3, 2011
I agree with David and what are you referring to by "screening"? By who? The seller? The Association? For a loan?
Web Reference: http://LauraKarambelas.com
0 votes Thank Flag Link Tue Oct 4, 2011
It is not illegal as long as it is in the dec/bylaws & rules regulations.

Most condo buildings have a 30/day board approval period when they interview the prospect buyer/tenant to ensure a) the buyer/tenant is aware of all the rules/regs; b) ensure the buyer/tenant knows what the expenses are, make sure he/she can afford it; c) go over the financials of both parties condo association and buyer/tenant, and d) basic orientation.

All of this you would have agreed to upfront when you or your agent submitted your offer and before closing. Your agent will guide you through this process.

Any stepping over these basic lines can be interpretted as a violation of the fair housing act.

Good luck!
0 votes Thank Flag Link Tue Oct 4, 2011
Unfortunately, condo associations can approve - the should not use the word screen. This is an antiquated and ridiculous - and dangerous - practice. The are some who believe this is illegal with the Illinois condo act, but many associations legally still do it. This is a very tricky situation for all involved. If you can prove that they are using criteria that is against the fair housing act, you can sue them for a lot. However, this is hard to prove. If they are using criteria of finances - credit score, income, etc. They can be OK. They must use the same criteria for everyone though and if you can prove they approved someone else and not you, you need to go to an attorney. To be honest, if you think you should have been approved, you should contact an attorney to speak with the association. Sometimes that helps.
0 votes Thank Flag Link Tue Oct 4, 2011
You cant break any of the Illinois Housing laws.
Web Reference: http://AmericorpRe.com
0 votes Thank Flag Link Tue Oct 4, 2011
You only want to screen to the extent that you can see if they can afford it and can get a loan. What else would you care about?
0 votes Thank Flag Link Tue Oct 4, 2011
You only want to screen to the extent that you can see if they can afford it and can get a loan. What else would you care about?
0 votes Thank Flag Link Tue Oct 4, 2011
It is not illegal, it is necessary in order to give the buyer a gage as to what their monthly payments will be. The screening will give them a potential interest rate, term of loan. The buyer can also budget in their monthly assessment, utilities and other living expenses to see if the condo of affordable for them. I would recommend that you work with a professional loan person in selling your condo. This person can be a mortgage lender at a bank or mortgage loan office. his person will go over all of the expenses and cost and advise this person if in fact they qualify to purchase your condo.
0 votes Thank Flag Link Tue Oct 4, 2011
You can screen as long as you do not discrimminate based on current laws and you must srceen everybody with the same criteria asking the exact same questions. Ask your realtor about the laws I suggest you make a sheet with your screening questions and criteria. You could draw a tester if any buyer feels treated unfairly.
0 votes Thank Flag Link Tue Oct 4, 2011
we can sell our house to anybody we want so I would have to say no its not illegal..what is illegal is an agent making that decision for you
Web Reference: http://www.joeschiller
0 votes Thank Flag Link Mon Oct 3, 2011
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