 |
Pre-approval letter from your Lender must accompany your offer. Letter
must indicate that the Lender is aware that the Buyer is purchasing a REO
property. Letter must
indicate that a credit report was used to determine loan eligibility.
|
|
All offers are
subject to mortgage insurance company approval.
Buyer does not have a binding agreement until they receive a copy of
the executed contract from seller.
|
|
Earnest money in the amount of $1,000 or up to $3,000 (determined by the seller) must be in
the form of certified funds, money order or cashiers check made to the
Listing Company or as
contract indicates.
|
|
Property is sold “as is”.
No repairs will be made. Home Inspection is at the Buyers expense
only for Buyer’s knowledge. NOTE:
Inspector: - The term “inspector” shall mean a person or company with
specific, professional expertise in property inspections or in a item,
building product or condition contained therein for which the Inspector is
inspecting, examining, testing and/surveying.
|
|
Unless negotiated
by the selling agent the termite letter will not be provided by the Seller.
If required by the Lender, the Buyer must order, pay for report and if
a treatment is needed, it is the purchaser’s expense. Approximate
cost: Basic Report $45.00 – $75.00, Treatment $700.00 – $1500.00.
|
|
Seller does not provide a Home Warranty Protection Plan.
|
|
Closing services will be performed by Seller’s Attorney no exceptions.
Purchaser may have
their own attorney in addition to seller’s…at their own (purchaser’s)
expense.
|
|
All closing dates that are extended will be at the Buyer’s expense
$50.00 - $150.00 a day per Diem as indicated in the addendums. No exceptions
will be made unless the
delay is caused by the Seller.
|
|
All closing packages must be
at the closing attorney’s office (5) days prior to closing.
|
|
Terms in the
seller’s addendum override any conflicting information in the GAR form.
|
