This sounds like a foreclosure or estate sale. In the state of IL the owner of the house provides the Sellers Disclosure. If there is no "owner", like a bank entitiy or an attorney working for a trust, no disclosure is needed/provided by law. No survey is provided for the same reason, the "seller" does not want to give notice to fence lines, etc for the house. Even though the bank is the owner, they are a business entity that has never lived in the house or cannot provide much factual information on the house or lot lines. These homes are usually as-is so a disclosure & survey can be the least of your problems! Better get a preinspection of the home before you buy it. Make sure you know what you are getting yourself into first!

Bank owned property being sold as is. You can have a survey and inspections but you must pay for them. Don't be afraid just be careful.

In general, it means something serious is wrong and the seller doesn't want to tell you. Beware !!!

Usually it means that the property is being sold as is with no warranties. Sometimes it is in foreclosure situations. if that happens you can have your agent pull up the previous time that the house was listed if it has been recently. You might be able to come up with information that way.

in most cases, illinois laws require the seller to disclosure of known material defects, evidence of lead based paints; and radon gasses to prospective buyers. in chicago, sellers must also disclose the costs of heating the premises.

your seller is either believes that these laws do not apply or is a foreclosing bank or relocation company that deems itself to be above the law.

in any event, proceed with caution. hire a trusted attorney and home inspector.

Without knowing what property you are specifically looking at it is difficult to give you an accurate response. However, typically you will find this with bank owned properties and since they have just recently taken over the home and do not have any knowledge on the house they are unable to disclose any information regarding it. If you would like to know the condition of the house, you should hire a respected home inspector.