Country Wide Home Loans Initial Offer Package

COUNTRYWIDE REO OFFER PLEASE READ OFFER INSTRUCTIONS PRIOR TO SUBMITING AN OFFER 1. ALL OFFERS MUST BE SUBMITTED ON A TYPED, FILL IN THE BLANK FAR/BAR AS-IS CONTRACT; PLEASE USE THE COVER SHEET PROVDED AND FILL IN YOUR NAME & DIRECT PHONE NUMBERS. REO/STATUTORY COMPLIANCE AGREEMENT MUST BE SIGNED AND ATTACHED PLEASE DO NOT SEND ANY OTHER COMPANY OR DISCLOSURE FORMS (NOT REQUIRED). 2. IF SELLER AGREES TO BUYER(S) OFFER, LISTING AGENT WILL PREPARE FINAL CONTRACT WITH THE SELLER APPROVED CONTRACT ADDENDUM (TO BE ATTACHED). 3. COUNTRYWIDE HOME LOANS PRE-APPROVAL LETTER (FINANCING) OR PROOF OF FUNDS (CASH) IS REQUIRED WITH ALL OFFERS (AS PER MLS REMARKS). IF THE OFFER IS MISSING THE PRE-APPROVAL LETTER OR PROOF OF FUNDS LETTER, THE OFFER WILL NOT BE RESPONDED TO AS PER SELLER. PLEASE CONTACT PETER DEL SONTRO, VICE PRESIDENT WITH COUNTRYWIDE FOR PREAPPROVAL AT 305-205-8596. 4. DO NOT COLLECT ESCROW DEPOSIT WHEN SUBMITTING AN INITIAL OFFER. ALL ESCROW DEPOSITS WILL BE DUE UPON FINAL ACCEPTANCE OF THE OFFER BY SELLER AND MUST BE HELD BY SELLERS APPROVED CLOSING AGENT (NOTE: THE SELLER WILL ASSIGN CLOSING AGENT AFTER ACCEPTANCE). ESCROW DEPOSIT TO BE 5% OF SALES PRICE OR $2,000 MINIMUM (WHICHEVER IS GREATER). 5. MOST CORPORATE & INSTITUTIONAL SELLERS REQUIRE COMMITTEE OR UPPER MANAGEMENT APPROVAL (RESPONSE TO OFFERS MAY TAKE SEVERAL DAYS). PLEASE BE ASSURED THAT WE AND THE SELLER ARE ANXIOUS TO SELL AND APPRECIATE YOUR PATIENCE. 6. ALL COUNTER OFFERS WILL BE MADE VERBALLY ONLY. 7. TIMEFRAMES ARE AS FOLLOWS: INSPECTIONS ARE LIMITED TO FIVE (5) CALENDAR DAYS LOAN COMMITMENT TO BE RECEIVED WITHIN TWENTY (20) CALENDAR DAYS FROM ACCEPTANCE CLOSING DATE MUST BE A SPECIFIC DATE & NO LONGER THAN THIRTY (30) DAYS. IF A CONDO, SELLER WILL NOT PROVIDE ASSOCIATION DOCS. BUYER WILL BE RESPONSIBLE FOR ACQUIRING DOCS FROM ASSOCIATION AND WILL HAVE THREE BUSINESS DAYS FROM ACCEPTANCE OF CONTRACT TO PROVIDE PROOF OF RECEIPT. 8. ALL PERSONAL & REAL PROPERTY IS SOLD IN “AS IS” CONDITION WITH NO WARRANTIES. 9. INTEREST RATES TO READ “PREVAILING RATES”. 10. PER DIEM PENALTIES WILL BE CHARGED BY SELLER IF CLOSING IS NOT ON TIME DUE TO NO FAULT OF SELLER (NORMALLY $150+/- PER DIEM PENALTY). 11. CONTRACTS ARE NOT ASSIGNABLE. 12. MULTIPLE OFFERS MAY BE RECEIVED ON THE PROPERTY THAT YOU ARE SUBMITTING AN OFFER ON. THE SELLER IS UNDER NO OBLIGATION TO NEGOTIATE OFFERS IN THE ORDER IN WHICH THEY ARE RECEIVED, & AT SELLERS SOLE DISCRETION, AS TO WHICH OFFER, IF ANY, THEY CHOOSE.

PLEASE DO NOT CALL FOR OFFER STATUS OR UPDATES WE WILL CONTACT YOU AS SOON AS THE SELLER RESPONDS TO YOUR OFFER. PLEASE UNDERSTAND THAT THIS IS ONLY ONE OF MANY PROPERTIES THAT THE SELLER HAS “FOR SALE” AND WE CANNOT GUARANTEE A RESPONSE WITHIN A GIVEN TIME FRAME. TYPICAL RESPONSE TIME IS THREE TO FIVE BUSINESS DAYS.

TO SUBMIT AN OFFER - PLEASE FAX THE FOLLOWING ONLY: 1. YOUR COVER SHEET WITH NAME & CONTACT NUMBERS 2. ONLY THE FIRST THREE PAGES OF THE FAR/BAR CONTRACT 3. PROOF OF FUNDS or PRE-APPROVAL LETTER 4. REO/STATUTORY COMPLIANCE AGREEMENT

OFFER FAX LINE: 954-692-8269 E-MAIL OFFERS: [email protected]

Cook Team REO Fax Cover Sheet Joan & Greg Cook

To: Da te:

Fax:

954-692-8269

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Pages: Property Address: MLS: Offer Price: Terms:

Cash
Financing (CHL Pre Approval Attached)


Closing Date: Selling Agent Name: Company: Office Phone: Cell Phone: Fax: E-MAIL: ADDITIONAL CONTACT: BUYER CONTACT INFO: (REQUIRED BY SELLER)

NAME: ADDRESS: PHONE: EMAIL:

 



     

             

                       

                                              

     

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                      

                                                                                 PREVAILING                                                        



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



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

  





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





 



























     

 

 

    

      

   













                



                 

  

 

                                                                       

                                                                                                                                                                                                                        

 





                                                      

                                                                                  

  

 

REO/STATUTORY COMPLIANCE AGREEMENT FLORIDA LAW REQUIRES THAT REAL ESTATE BROKERS WAREHOUSE ALL DOCUMENTS TO YOUR PURCHASE, AT AN OFF SITE LOCATION, FOR A PERIOD OF NO LESS THAN FIVE YEARS (FLA STATUTE 475.5015) REO (Bank Owned) property purchases, as all real estate transactions, require diligence and strict adherence to all timelines provided for within the purchase and sale contract. In order to comply with statutory requirements and facilitate a successful transaction Countrywide Home Loans with Keller Williams provides you/your agent with access to our transaction coordinators, assistances and online transaction management software. When questions arise these specialists provide an additional contact person during normal business hours as well as an online point of contact 24 hours a day seven days a week. The transaction coordinator, by utilizing Settlement Room®, our online transaction management software and REOtrans® required foreclosure interface, oversees the details of the contract and works to keep both you and the seller performing according to your respective agreements as outlined in the purchase and sale contract. This assures all parties a smooth and trouble free closing. Other services may include, but are not limited to, coordination of all inspections, appraisals, mortgage and title updates and closing statements, reviewing of the same prior to closing and funding of the transaction, and an electronic copy (CD) of all documents associated with the transaction for your/your agent’s records. The statutory compliance fee including the above referenced services is $425.00

PROPERTY ADDRESS

BUYER’S SIGNATURE

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BUYER’S SIGNATURE

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SELLING AGENT’S SIGNATURE

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SELLING AGENT’S E-MAIL ADDRESS