Indianapolis Property Management Blog

Wednesday, September 15, 2021

Will HUD Return Earnest Money if Defective Drywall is Found?

If a purchaser has an accepted bid and completes a home inspection where Chinese/defective drywall is identified, will the buyer be able to cance...

Friday, September 10, 2021

You may receive a Seller’s Counter Offer with no signatures. These forms are generated by the corporate/bank’s Asset Manager or the outsource...

Thursday, September 9, 2021

All offers submitted, as instructed, to WILMOTH Group (some corporate owned homes will require an on-line submittal to a third party unaffiliated...

Wednesday, September 8, 2021

Purchasing HUD homes requires making available, with your offer documentation, that the purchaser either has the funds or is approved for bank fi...

Sunday, September 5, 2021

Local Boards of Health do not always timely file liens on properties. The title insurance only covers recorded liens. The title company will make...

Saturday, September 4, 2021

A common source of confusion on bank owned homes is what constitutes an actual contracted agreement. All bank-owned properties will give a verbal...

Friday, September 3, 2021

Any inspection requested by the buyer is intended to be only for buyer’s information. We will have utilities turned on to accommodate the inspe...

Thursday, September 2, 2021

Generally you will have 30 to 45 days from mutual acceptance to close the transaction. Often the proposed closing date on the original offer is...

Wednesday, September 1, 2021

If you are placing an offer on a Fannie Mae Home Path home, in order to receive an acceptance of your offer, you will be required to accept some ...

Tuesday, August 31, 2021

Almost all corporate owned properties require an additional document be executed known as the Addendum. This document is in addition to the signe...