Let's look at the median sales prices for single-family homes in Forest Park, IL. This graph indicates that these prices are improving from same time last year with 3-Bedroom homes way up compared to the
Forest Park's residential real estate market continues it's year-over-year climb. Like many markets around the country, inventory of homes for sale in Forest Park is down 29% from 139 homes for sale
I agree with you completely. You were in compliance before. What in the world changed?
However, I think you need to speak with an attorney. You may need to take legal action.
I39;m glad you brought this to people's attention. If I ever have a buyer looking in that area, I'll have to advise them of this village issue. That may affect their decision to purchase there.... more
Only you can decide that. If you do not want to have headache of dealing with tenants, another option is to let some property management company manage it. This way you can be a landlord without headache of being a landlord.... more
I can't see how it could have had any negative effect on you as a buyer or even if you had been the seller for that matter. Almost all real estate attorneys I know have title company affiliations. However, there should have been a disclosure in the package you signed when you closed. If I recall correctly, it would have been called something like the Controlled Business Arrangement or something like that. If you have any concerns, you should probably speak to the attorney that represented you at closing. I'm pretty sure they would have known of the seller's attorney title company affiliation.... more