We have direct access to Fannie Mae REO product at 35 + 3. We have this opportunity available immediately. Our requests are compiled on a first-come, first-serve basis. We are direct to the seller/seller's mandate! In order to complete the requests accurately and in a timely manner we need the following documents:
- Letter of Intent
- Statement of Acquisition
- Proof of Funds
NOTICE: Buyer and Seller will be proofed up by a 3rd party Title Company before any agreements will be made to ensure confidentiality and confidence in closing
No more than 2 intermediaries (Buyer and Seller) are recognized by seller, and they should both be named on the LOI. The PerDare Group is the seller's intermediary - all other intermediaries need to go under Sub-Fee Agreement which can be paid out to a paymaster and distributed accordingly.
All Buyer and Seller proofing, actions, instructions, transfers, closing and funds disbursement are performed by Title I Escrow Company. Usual sequence is 3 business days to review summary tape and provide decision; 7-15 business days for due; 1-2 days for Buyer and Seller final negotiation; 1-2 days for closing. If interested or if you have any questions regarding this process please contact me at frank.avilla@perdare.com
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