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1. Does the Village have a transfer stamp?

The Village does not have stamp or inspection requirements on residential property transactions. However, please be certain that the water service for your property is transferred to the new owner, and that the seller is required to pay the final water bill. Please make sure to call the Village Hall at 847-678-2550 at least 48 hours before your closing to ensure that a final water bill is generated.

2. I would like to purchase a foreclosed property. What are the Village’s issues?

Most foreclosures have outstanding water bills and/or grass cutting charges. These charges need to be paid either by the seller or the buyer. Please call the Village Hall at 847-678-2550 for information before you buy the property to ensure you know what obligations you may be inheriting.

3. Is there anything I should know if I’m moving out of the Village?

The Village does not have stamp or inspection requirements on residential property transactions. However, please be certain that the water service for your property is transferred to the new owner, and that the seller is required to pay the final water bill. Please make sure to call the Village Hall at 847-678-2550 at least 48 hours before your closing to ensure that a final water bill is generated.