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)
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