The Cook County Treasurer will be mailing 2021 1st installment property tax bills soon and payment will be due March 1, 2022.
1st installment bills are 55% of last year's total tax and must be paid regardless of whether or not you have a tax appeal pending.
Any changes to your assessment through a tax appeal will be reflected in the 2nd installment bill that will be mailed later in the year.
The City of Chicago's Shared Cost Sidewalk Program allows property owners to share the cost of sidewalk repair with the city. This can dramatically reduce the expense of repairing sidewalks around your building and increase the curb appeal and safety of your property.
The 2022 Program Opens to New Applicants on January 10, 2022 from 6AM to 10PM.
In response to the collapse of the Champlain South Tower in Surfside, Florida, Fannie Mae recently tightened its eligibility requirements for mortgages on condominium units.
Eligibility may now be denied in associations with structural issues, significant deferred maintenance, and/or unsafe conditions.
In order to determine eligibility, Fannie Mae has supplemented its HOA Questionnaire form to include questions about these matters.
Learn more about the questions and requirements, here.
Amid the hustle and bustle of the holiday season, we at ChicagoCondoResource.com and Haus Financial Services, LLC hope that you find time to put aside your condo concerns and focus on family and friends.
This is also a great time to reflect on the challenges of 2021 and to set goals for the New Year. With the pandemic not yet behind us, we're all finding we can use a bit more support in our day to day responsibilities. Haus Financial Services is dedicated to taking the pressure off of small condo boards so that you can spend more time on your personal priorities.
This year, give yourself the gift of management support with HausFS so you can manage successfully (and with less stress) in 2022! Schedule your Prospect Call here to learn more about how we can help.
Happiest of Holidays from ChicagoCondoResource.com and HausFS!