Our Process
Turnkey Purchase Procedure
Buyer’s information
Name
Email
Telephone
ID copy
LLC/Corp information (if applicable)
Name
State
Articles
Operating agreement
EIN (number and copy of IRS letter)
Once we have the above information, the following takes place:
- Contract is signed by buyer (can be electronic signature)
- Contract is counter-signed by seller
- Deposit is sent to title company escrow account
- Buyer inspection (if applicable)
- Property management agreement is signed (if applicable)
- Title Abstract is generated to prove clean title and all other title work is performed (approximately 3 weeks)
- Loan documents are signed and notarized (if applicable)
- Original loan documents are sent to title company (if applicable)
- Preparation of closing documents and HUD Settlement Statement
- HUD (sometimes called an ‘Alta’) is reviewed by buyer and seller
- Closing documents are signed by buyer (can be electronic signature if a cash purchase, otherwise, must be signed with a mobile notary)
- Closing wires are sent by lender (if applicable) and buyer to the title company’s escrow account
- Title company sends final closing documents (deed, executed HUD, title commitment) to buyer and seller and records the deed.