Legal Question in Real Estate Law in Illinois

i am tring to buy a trailer home but the owner is not moving out till may 26 and he wants a down payment of 2000 how can my money be safe???


Asked on 4/18/11, 10:24 am

1 Answer from Attorneys
Walter Palmer Law Office of Walter Palmer

Both of you should go to a bank and set up an escrow account and explain that you want him to be able to get the money when the deal closes - but not until then. The bank should be able to give you quite a bit of help. It may be labeled as a trust account as well.

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Answered on 4/18/11, 11:12 am


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