Ill. Senate Democrats: Gillespie Works to Protect Homebuyers From Predatory Contracts
April 12, 2024
April 12, 2024
SPRINGFIELD, Illinois, April 12 -- The Illinois Senate Democrats issued the following news:
For people purchasing a home, an upfront cash payment from a real estate agency in exchange for signing a contract seems harmless. What these homebuyers may not realize is this signed agreement can lead to added costs and barriers when they try to sell their home in the future. This type of predatory contract is what State Senator Ann Gillespie is working to prevent in Illinois.
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For people purchasing a home, an upfront cash payment from a real estate agency in exchange for signing a contract seems harmless. What these homebuyers may not realize is this signed agreement can lead to added costs and barriers when they try to sell their home in the future. This type of predatory contract is what State Senator Ann Gillespie is working to prevent in Illinois.
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