Chicago, Illinois – Chicago FPC Service saves buyers, sellers, and agents a lot of hassle when dealing with FPCs. Agents like Chicago FPC Service can execute multiple FPCs at once. Their agents are approved by the Water Department system, allowing for expedited approval time.
The City of Chicago mandates a Full Payment Certificate (FPC) for every city real estate transfer. An FPC is a certificate given by the City of Chicago Department of Finance that explains that all water, sewer charges, and any penalties collected for a water account are entirely paid off; otherwise, the property is not transferrable to the subsequent owner.
A completed FPC application works as a petition to the Department of Finance to shift service away from the transferor’s account and into the transferee’s account. Without a complete FPC, the individuals cannot obtain the City of Chicago Real Property Transfer Tax stamps; these stamps are necessary to catalog the property deed with the Cook County Recorder of Deeds. The approved FPC is required even toward exempt transfers. If no Water Certification is received, both the transferor and the transferee will be collectively and severely responsible for any persisting utility charges, penalties, and applicable fees accrued to the account.
The advantage of using Chicago FPC Service is that they are accurate, which means that buyers and sellers can rest assured that their FPC will be accurate. Their agents are also timely and have access to the Water Department FPC and guarantee expedited processing. The team is also highly professional, and they understand how to cooperate with the Water Department to transfer difficult FPCs into “ready” status.