KAREIC NPO Capital Partner REO PROCEEDURE * CASH SALE Funding Partner Agreement * Bank will prepare contract (usually takes about 2 weeks) * Standard RE escrow must close in less than 15-30 daysFUNDING PARTNER AGREEMENT * NPO Non Profit Origination 501(c)(3) involved in Community Stabilization and Restoration Programs * Target end user is low to moderate income and first time buyers up to 50%-120% of area mean income * Funding Partner will fund NPO to acquire the property * Funding Partner protected by a note & deed of trust thru escrow * NPO must remain on Title until sold or 105 day, whichever occurs first * Funding Partner has full control of the property and is responsible to manage, rehab, market and resale * Sale to General Public OK if low to moderate demographic does not exist in the property area * NPO must report to the Bank rehab process and resale to the end userThis is the best protocol below: Select properties of interest (higher end properties seem to have the best opportunity for a profit margin) Return properties to me by email We will request pricing and request that the properties be reserved (first come first serve) If property is available we will get word within 48 hours Pricing takes 3 to 10 days Once price is received, inspect the property Accept or decline property If accept, contract will be created between Homes That Change Lives and Capital Partner (investor) Beginning to end generally takes 2 to 4 weeks to closeBrokered And Advertised By: Kareic Real Estate & InvestmentListing Agent: Joe Park
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
