1007 South Fairlane, Schaumburg, IL 60193 - For Sale

Sitting pretty! Trade in your monthly rental payments for home ownership! This lovely REO ranch offers updated baths and kitchen. It features a newer furnace and hot water heater. The wood burning fireplace in the living room casts a cozy glow on chilly evenings. Offered are 3 large bedrooms on 1,420 square feet of living space. You will adore the large tranquil yard. Sunroom is the perfect place to unwind with a good book. The property at 1007 South Fairlane, Schaumburg, IL is a residential, single-family property with¿3 bedrooms and 2 bathrooms, built in 1967 and 1,420 square feet. Property Terms & Conditions NOTE: THIS PROPERTY IS A SPECIAL TERMS LISTING AND CONTAINS SPECIAL TERMS INCLUDING THOSE BELOW. THE FULL TERMS & CONDITIONS FOR THIS WEBSITE ARE AVAILABLE HERE PURCHASE PRICE:"Purchase Price" with respect to this property means the final price the seller accepts and any applicable Technology Fee and/or Buyer's Premium will be billed in a separate invoice that will appear on the HUD-1 at closing. TECHNOLOGY FEE:"Technology Fee" is charged to all Buyers who purchase a property through the Hubzu technology platform. This $299 fee covers the cost of providing the Hubzu technology platform and is billed in a separate invoice that appears on the HUD-1 at closing. BUYER'S PREMIUM:"Buyer's Premium" of 1.5% of the purchase price is charged on all properties bought through auction. This fee is billed in a separate invoice that appears on the HUD-1 at closing. EARNEST MONEY: For Special Terms Listings, the provisions of this subsection 2(a)(i)(B) shall control the minimum required Earnest Money deposit is calculated by the Seller, and outside the control or input of Altisource. This minimum amount will be specified in the Purchase Agreement, and may be held in a Licensed Real Estate Agent's escrow account or with a closing agent. You must pay the Earnest Money deposit to the party named in the Purchase Agreement. SUBJECT TO APPROVAL:The Winning Bid will be subject to approval from the Seller, in the Seller's sole discretion. Seller reserves the right to a final review of all bids received. Seller may accept or reject any bid regardless of whether or not the reserve price has been met. The Winning Bidder will receive a communication if the Winning Bid is approved by the Seller. The consideration received by a Buyer placing a bid or offer on a Special Terms Listing is that the Seller will consider the bid or offer and decide whether to accept the bid or offer in a timely manner. PROPERTY STATUS:Without limiting any other provision of these Agreements or the Purchase Agreement, you acknowledge and agree that you are bidding for and, if the Winning Bidder, acquiring the property in its present state and condition as of the date you submit the bid, with all defects, both patent and latent, and with all faults of the property whether known or unknown, presently existing or that may hereafter arise. Furthermore, the property is subject to all terms & conditions set forth on the property's listing page, and any other terms & conditions specified by the Seller or the Licensed Real Estate Agent for the property. The availability of any Special Terms Listing for an inspection, and the process by which you may arrange for an inspection, is solely within the discretion of the Seller, and Altisource, Hubzu, and the Affiliated Websites have no control or input regarding such inspections. ESCROW:After submitting a Winning Bid, you must comply with the escrow provisions set forth on the Purchase Agreement. You are strongly advised to work with a Buyer's agent who will arrange for the Earnest Money Deposit to be held by a title company, closing attorney or escrow office. Hubzu DOES NOT hold Earnest Money Deposits at any time, and neither Hubzu nor Altisource have any control over the amount or terms of the Earnest Money Deposits for any Special Terms Listings. PROPERTY TERMS & CONDITIONS NOTE: THIS PROPERTY IS A SPECIAL TERMS LISTING AND CONTAINS SPECIAL TERMS INCLUDING THOSE BELOW. THE FULL TERMS & CONDITIONS FOR THIS WEBSITE ARE AVAILABLE HERE. IN CASE OF ANY CONFLICTS BETWEEN THE SPECIAL TERMS AND THE FULL TERMS, THE SPECIAL TERMS SHALL CONTROL. PURCHASE PRICE:"Purchase Price" with respect to this property means the final price the seller accepts. Any applicable Technology Fee and/or Buyer's Premium will be billed separately as detailed below. TECHNOLOGY FEE:"Technology Fee" is charged to all Buyers who purchase a property through the Hubzu technology platform. This $299 fee covers the cost of providing the Hubzu technology platform and is billed in a separate invoice that appears on the HUD-1 at closing. EARNEST MONEY: The minimum required Earnest Money deposit is calculated by the Seller and is outside the control or input of Altisource. This minimum amount will be specified in the Purchase Agreement, with payment made to the party named in the Purchase Agreement. SUBJECT TO APPROVAL:Seller reserves the right to conduct a final review of all offers received. Seller may accept or reject any offer at the Seller's sole discretion. If an offer is accepted by the Seller, the person who submitted the offer will be notified so both parties can work towards a Purchase Agreement. PROPERTY STATUS:Without limiting any other provision of these Agreements or the Purchase Agreement, you acknowledge and agree that you are bidding for and, if the Winning Bidder, acquiring the property in its present state and condition as of the date you submit the bid, with all defects, both patent and latent, and with all faults of the property whether known or unknown, presently existing or that may hereafter arise. Furthermore, this property is subject to all terms & conditions set forth on the property's listing page, and any other terms & conditions specified by the Seller or the Licensed Real Estate Agent for the property. The availability of any Special Terms Listing for an inspection, and the process by which you may arrange for an inspection, is solely within the discretion of the Seller, and Altisource, Hubzu, and the Affiliated Websites have no control or input regarding such inspections. ESCROW:Upon notification from the Seller that your offer is accepted, you must comply with the escrow provisions set forth in the Purchase Agreement, which is outside the control or input of Hubzu. Neither Hubzu nor Altisource have any control over the amount or terms of the Earnest Money Deposits for any Special Terms Listings. sample documents