Home Buying in Sauk Village>Question Details

T. Ross, Home Buyer in Chicago, IL

Can someone please review MLS#06884201 on Re/Max.com and tell me what you think about the comments. Does it?

Asked by T. Ross, Chicago, IL Fri May 23, 2008

sound kind of fishy to anyone other than myself. Please advise or translate for me. Thank you!

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Answers

4
It looks like everyone already answered your question, they are all correct. It's not really meant to sound fishy, it just means the bank will not pay for anything. They would also prefer if you use the bank as the lender.

It's a bank owned property, looks like it went back to the bank in 2007. Which means the home is sold "as is". The terminology they use on the listing sheet means the buyer is responsible for all repairs and the bank does not provide any disclosures, (which again means "sold as is".)
This is what you normally see on the foreclosures. It looks like it's a pretty good deal because the home is newer.
Hope this helps!
Web Reference: http://www.idamccarthy.com
0 votes Thank Flag Link Fri May 23, 2008
T. Ross,
Its a Bank Owned property, Countrywide in this case. Bank owned or Bank REO properties are sold "as is" as the bank has not occupied the home and they will not provide a Real Property disclosure. This is standard procedure. If you have anymore questions, please feel free to contact me thru my profile.
Regards.
Tim Soper
RE/MAX Pinnacle
Shorewood, IL
Web Reference: http://www.SoperTeam.com
0 votes Thank Flag Link Fri May 23, 2008
There are a coulpe more available in that subdivision--180k-182k---It is more than likely a short sale or a foreclosure listing-----"sellers exempt from disclosures" that usually indicates a foreclosure----nothing seems out of the ordinary to me.
0 votes Thank Flag Link Fri May 23, 2008
Nope, dose not sound fishy to me. Is probably new construction!

Jim
0 votes Thank Flag Link Fri May 23, 2008
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