Did You Know?
Sauk Village (locally known as "The Village") is a village in Cook County, Illinois, with a small portion in Will County. The population was 10,506 at the 2010 census.
Sauk Village is located at 41°29'19?N 87°33'56?W / 41.48861°N 87.56556°W / 41.48861; -87.56556 (41.488535, -87.565658).
Why Should You Choose IBA for Your Real Estate Education?Broker Course Package from $199. Complete your 75 Hours Pre-license courses Online with continued Instructor Assistance and support, 24-Hour Access to Courses, and superior customer service in Sauk Village.
We offer 100% Online Real Estate Courses and our courses are approved by IDFPR to be delivered in Sauk Village - 100% Guaranteed. You can check IBA's approval status at IDFPR
We have online classes to make sure you study in your busy schedule. The 60 hour online self study broker pre-licensing course lets you learn at your own pace and complete the work on your schedule. You can trust IBA Education to provide the best education.
Get licensed however you learn best. If you enjoy learning at home, and are based in Sauk Village, we have a format that suits you best. With a completely online option, you can complete your courses in the shortest possible time. Even though our classes are all online, we also offer a webinar method so you get the best of both options: Flexibility.We also accelerated pre-license courses. These programs provides online access to the instructor with live weekly sessions and allows students to complete all 75 hours of courses completely online.
What Types of Seller or Buyer Queries Do Sauk Village Licensed Brokers and Realtors Handle?
What is escrow and how does it works?
Escrow is the actual process wherein the buyer and the seller deposit funds and relevant documentation with a neutral third party, which holds them in trust until all the conditions of the sale are fulfilled. This allows for a more seamless sale and minimizes risk for both parties. Escrow opens once both parties have signed the Sauk Villagepurchase agreement and delivered it to their escrow holder along with the escrow instructions. A good faith deposit (earnest money) or initial down payment is typically delivered at the same time. The escrow holder will then process the escrow according to instructions. In northern California, escrows are almost always handled by title companies.
Is list price same as selling price?
This frequently asked question can be answered very easily. The list price is the price a home is currently listed for sale at. The sale price is the price a home is sold at. A top Realtor should be able to suggest a list price that ends up being very close to the final sale price.
The list price is a seller's advertised price, or asking price, for a home. It is a rough estimate of what the seller wants to complete a home sale.A seller can price high, low'”which does not happen very often'”or very close to what they hope to get. A good way to determine if the list price is a fair one is to look at the sales prices of similar homes that have recently sold in the area.
The sales price is the actual amount a home sells for.
How long does it take to buy a home?
From start (searching online) to finish (closing escrow), buying a home takes about 10 to 12 weeks. Once a home is selected and the offer is accepted, the average time to complete the escrow period on a home is 30 to 45 days (under normal market conditions). Though, well-prepared home buyers who pay cash have been known to purchase properties faster than that.
Market conditions are a major factor in how fast homes are sold. In hot markets with a lot of sales activity, buying a home may take a little longer than normal. That's because several parties involved in the transaction get behind when business suddenly picks up. For example, a spike in home sales increases the demand for property appraisals and home inspections, yet there will be no increase in the number of appraisers and inspectors available to do the work. Lender turn-around times for loan underwriting can also slow down. If each party involved in a deal takes a day or two longer to get their work done, the entire process gets extended.
What is an interim tax bill?
The interim tax bill, issued annually at the end of January, is for the first half of the years taxes. The amount levied is based on each property's taxes for the previous tax year, because the town is not able to pass the annual tax rate until later in the year. The amount is calculated by multiplying the assessment value assigned to a property for the year by a national tax rate that restates the previous years budgetary requirements for the town, region, and school boards, and then dividing that product by two.
Interim bills have two installment dates and show any outstanding or credit account balance at the time of billing. They are payable on or about February 25 and April 25.
How can I pay this bill?
There are several ways to pay your bill.
1.Online by Credit Card or Bank Account (ACH). Choose the Per Capita Tax, Real Estate Tax, and Utility Billing payment option. A 3rd party fee applies to electronic payments.
2.Over the phone. You can call 866-225-8451 to make a credit card payment by phone. A 3rd party fee applies.
3.Mail. Mail your stub(s) and money order or personal check to PO Box.
4.In-Person. Bring your stub(s) and money order or personal check to the local office is listed on your bill in the upper right-hand corner.
The strongest form of deed is:
When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims. Mainly, for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.
There are three basic kinds of deeds: a general warranty deed, a special warranty deed, and a non-warranty or "quitclaim" deed. If you are a buyer, you want your deed to get you everything you bargained for. If you are a seller, you do not want to make promises about the property's title that you cannot keep.
Likewise, what is the strongest form of the deed? Due to the covenants made by the Seller/Grantor, a general warranty deed is the strongest form of conveying property. As a purchaser, a general warranty deed is the most desirable instrument by which to obtain an ownership interest in the property
Similarly, you may ask, what is a common deed?
A deed is a document that transfers ownership of the real estate. Here's a brief rundown of the most common types of deeds: A quitclaim deed transfers whatever ownership interest a person has in a property. It makes no guarantees about the extent of the person's interest.
How many types of property deeds are there?
When you're looking at purchasing a piece of land, there are 5 main types of deeds that you can use: Warranty Deed, Special Warranty Deed, Quitclaim Deed, Bargain, Sale Deed, and a Grant Deed.'
Freddie and Fannie are different?
Freddie Mac is the "little brother" to Fannie Mae, the Federal National Mortgage Association. The Emergency Home Finance Act of 1970 created the FHLMC to compete with Fannie Mae. Until the Act, Fannie Mae only bought Federal Housing Association-approved loans. It was more likely to hold them on its books, rather than securitize them. Freddie changed that. It could buy any loan and securitize most of them. The prime differences between Freddie Mac and Fannie Mae are in their products and target markets. President Lyndon Johnson had turned Fannie into a publicly traded corporation two years earlier. He wanted to use his budget to finance the Vietnam War. Freddie Mac went public in 1989. The Financial Institutions Reform, Recovery, and Enforcement Act made the change in response to the Savings and Loan Crisis.
Who Owns Freddie Mac?
The U.S. government has warrants for 79.9% of Freddie Mac's common stock. The U.S. Treasury also owns senior preferred stock. Since July 8, 2010, some of Freddie's common stock has become available over the counter, but its price has been very low.ï»¿ï»¿On September 6, 2008, the federal government bailed out Fannie and Freddie. The Federal Housing Finance Agency became the conservator of Freddie Mac.The Treasury Department bought up to $100 billion in Fannie and Freddie preferred stock and mortgage-backed securities.ï»¿ï»¿Before that, Fannie and Freddie were government-sponsored enterprises (GSEs). They were quasi-governmental corporations whose goals were to maximize shareholder value, authorized by the act of Congress. Both were even listed on the New York Stock Exchange.10ï»¿ï»¿ As a result, their managers tried to function as profitably as private banking competitors. They were different from other corporations in a big way. The federal government virtually guaranteed their loans. That made them less risk-averse. They were pressured to take on risk to improve their return while knowing that they would never go bankrupt. Fannie and Freddie found that holding many of these products was more profitable. This defect in their setup was brought to light when the subprime mortgage crisis exploded. As housing prices fell in 2006, the value of the GSEs' loans plummeted.ï»¿Rather than allow them to go bankrupt, the U.S. Treasury Department, under Secretary Henry Paulson, bought out their shares.12ï»¿ï»¿ Stockholders lost all value, although they would have if the companies had gone bankrupt. If they hadn't been nationalized, there would essentially have been no housing market whatsoever. Banks just stopped lending without government guarantees. After nationalization, Fannie and Freddie owned 90% of the U.S. housing market.