What types of real estate would United Relief Foundation consider?
Single and Multi-Family Residential as well as Retail and Commercial real estate located within the city limits of Chicago or its neighboring suburbs.
Will United Relief Foundation consider real estate that is in need of repairs or I can’t sell?
Yes. Even if your property is in less than ideal condition or you’re having difficulty selling, it still may be determined to have some value.
Do I need to be present at closing?
No. You, or your attorney, will be mailed all the necessary documents for your signature. In addition, after the deed is transferred to the United Relief Foundation, we will mail a receipt/confirmation of your donation as well as a thank you letter on behalf of United Relief Foundation and the Veterans we serve.
Will I be charged any fees and do I need an appraisal?
You will not have to pay for closing and recording fees. However, in order to receive your tax deduction, you’ll need a current appraisal on the property. According to IRS regulations, recipient of real estate donation (United Relief Foundation) cannot pay for the appraisal or recommend any appraisers.
How long does the process take?
If all papers are in order, the title is clear and there are no outstanding issues, the process typically takes between 7 to 14 days.