Why Do I Have to Provide a Proof of Funds for Pre-Approval?
Purchasing HUD homes requires making available, with your offer documentation, that the purchaser either has the funds or is approved for bank financing.
Purchasing HUD homes requires making available, with your offer documentation, that the purchaser either has the funds or is approved for bank financing.
This addendum is not required and will not be executed on HUD sales. HUD sales are exempt from this requirement.
Find out what home buyers should know about local Board of Health fines in Indiana, from outstanding bills to liens and title insurance.
A common source of confusion on bank owned homes is what constitutes an actual contracted agreement. Find out when you can tell your client they have a deal.
Any inspection requested by the buyer is intended to be only for buyer’s information. We will have utilities turned on to accommodate the inspection.
Generally you will have 30 to 45 days from mutual acceptance to close the transaction. Read the Seller Addendum carefully to avoid late fees for tardy closings.
If you’re placing an offer on a Fannie Mae HomePath home, you’ll be required to accept special restrictions in order to receive an acceptance of your offer,
Almost all corporate owned properties require an additional document be executed known as the Addendum. This document is in addition to the signed agreement.