Home Buying in Chicago>Question Details

Cutie_may90, Home Buyer in Chicago, IL

does it necessarily to open an income tax number when we purchase a house that is less than 5 years?

Asked by Cutie_may90, Chicago, IL Wed Sep 26, 2012

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Two Years of Tax Returns are required for you to get a loan.
0 votes Thank Flag Link Wed Sep 26, 2012
yes having a number moves you toward the front of the line
0 votes Thank Flag Link Wed Sep 26, 2012
You should certainly explain your situation in more detail here -- there are lots of great mortgage lenders and Realtors here who would love to help, but none of us area quite sure exactly what you are asking for. If you have income and are looking to get a loan, you do need to show that you pay income taxes in order to make it happen...
0 votes Thank Flag Link Wed Sep 26, 2012
If you want a loan,you got to show that you pay taxes.
0 votes Thank Flag Link Wed Sep 26, 2012
It would be in my shop, if you aren’t paying taxes I can’t lend you money to buy a house. I need two years of tax returns.

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
0 votes Thank Flag Link Wed Sep 26, 2012
You should consult an attorney regarding your question. I am not an attorney and the following is not legal advise. Consult an attorney so your situation and goals can properly assessed.

Your situation will dictate what is best.
In the many transactions in which I have completed, the purchase was possible, but the property could not be sold without a TIN. This has consequences regarding the method you may choose to purchase.

Again, you need to have a real time discussion with a professional IN CHICAGO.

Best of success to you,
Annette Lawrence, Broker/Assocate
Remax Realtec Group, Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
0 votes Thank Flag Link Wed Sep 26, 2012
I have no idea what you are referring to.
0 votes Thank Flag Link Wed Sep 26, 2012
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