Thursday, February 24, 2011

Tuesday, February 22, 2011

Submission Requirements - Part II

When you initially submit a request for review you follow the Submission Requirements - Part I.  However, when requested for further review, you will need to provide the following in an email to gap-funding@hotmail.com:

Required:
  • Executed Contract or Purchase Agreement 
  • Budget Repair Sheet 
  • MLS Listing
  • Comparative Market Analysis (CMA)
  • Your contact information, including Phone and Email and Address
Additional information may also be requested, such as:
  • Realtor information
  • Escrow company information
  • Company Information (company name, address, phone, fax, etc.)

Submission Requirements - Part I

Submission
When sending an email to gap-funding@hotmail.com please include the following:

Close Date:                    ??/??/????
ARV:                                ???,???

BUY
Purchase Price                ???,???
Closing Costs                   ???,???
Repairs                             ???,???
Total Purchase:              ???,???

FUNDING
Total Loan:                       ???,???               
GAP Funding Needed:   ???,???

SELL
Closing Costs:                   ???,???

NET Profit:                       ???,???
(ARV – TOTAL PURCHASE – CLOSING COSTS = NET Profit)