We now have access to Fannie Mae assests

We now have access to Fannie Mae assests.



Purchase Protocol for Non Performing Notes & REO’s:

Min. purchase - $10 Million

- Proof of Funds

- LOI w/Buyer Criteria

Proof-of-Funds must accompany the LOI.

- Signed Fee Agreement & NCND

Once the POF has been verified, a signed fee agreement and a NCND must be presented within 24 hours.



LOI / Buyer Criteria to include: (Sample) – Be very specific!

Price will pay for assets (IE: Up to $.75 cents on the dollar)

Asset Type – SFR, Multi-Family

State, County, City, Zip Codes

Asset Value Range, ETC



- 72 hours to customize a portfolio based on LOI / Buyer criteria



- 48 hours to view & decided if you want to move forward with notes and/or REO’s presented.



- If you decide to purchase the portfolio, within 24 hours, 1% of the value of assets must be deposited into an escrow account at Chicago Title.



- Upon verification of the deposit into the escrow account, all due diligence documents will be provided. (Due diligence documents will be sent electronically whenever possible. )



- Maximum Due Diligence Time – Ten (10) Days



On the eleventh (11th) day, remaining balance, the other 99% of the value of assets, must be deposited into escrow. No extension will be granted for any reason.



ADD’L NOTES:

If you discover some assets are unacceptable they can and will be replaced with a new asset. This option is only available either during the 48 hour review of the portfolio or within 3 days of the due diligence process, otherwise all assets must be purchased.



If you do not purchase the portfolio, the initial deposit is 100% refundable within 3 days of the due diligence process only. Otherwise, the 1% deposit will be forfeited.





Fernando

Acquisition Director
424.259.3733


Great Networking Site for Real Estate Investor's.
http://budurl.com/socalhartfordinvgrp