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Blog Post Will I Receive a Confirmation if My Offer Has Been Received?

Will I Receive a Confirmation if My Offer Has Been Received?

All offers submitted, as instructed, to WILMOTH Group (some corporate owned homes will require an on-line submittal to a third party unaffiliated...
Blog Post Why Do I Have to Provide a Proof of Funds for Pre-Approval?

Why Do I Have to Provide a Proof of Funds for Pre-Approval?

Purchasing HUD homes requires making available, with your offer documentation, that the purchaser either has the funds or is approved for bank fi...
Blog Post What’s the Deal with Board of Health Fines?

What’s the Deal with Board of Health Fines?

Local Boards of Health do not always timely file liens on properties. The title insurance only covers recorded liens. The title company will make...
Blog Post When Can I Tell My Client They Have a Deal to Buy a Home?

When Can I Tell My Client They Have a Deal to Buy a Home?

A common source of confusion on bank owned homes is what constitutes an actual contracted agreement. All bank-owned properties will give a verbal...
Blog Post How Do I Get the Utilities on in a Property for Inspection?

How Do I Get the Utilities on in a Property for Inspection?

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...
Blog Post What is a Realistic Timeframe to Complete a Transaction?

What is a Realistic Timeframe to Complete a Transaction?

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...
Blog Post What Are The Details of the Fannie Mae Deed Restriction?

What Are The Details of the Fannie Mae Deed Restriction?

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 ...
Blog Post What is the Corporate/Bank Addendum?

What is the Corporate/Bank Addendum?

Almost all corporate owned properties require an additional document be executed known as the Addendum. This document is in addition to the signe...
Blog Post What Does it Mean if a Property is Being Sold As-Is?

What Does it Mean if a Property is Being Sold As-Is?

When a property is being sold “as-is” no repairs will be made by seller. If an inspection contingency is included in the offer, any respons...
Blog Post What if There Are Multiple Offers on a Property?

What if There Are Multiple Offers on a Property?

If the seller receives multiple offers on a property, buyers may be requested to submit their highest, best and final offer by an agreed upon dat...
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