Contract to Close Services

Standard Transaction Coordination tasks being completed:

• Send out executed contracts to all parties
• Communicate with buyers, sellers, agents, lenders, REO Asset Managers, Banks
• Ensure escrow is delivered
• Confirm inspections are ordered and completed
• Obtain title commitments from the title companies and confirm title work is clear
• Forward addendums and/or extensions if needed
• Confirm HOA info, buyer applications, or obtain condo docs from the seller
• Confirm surveys are ordered
• Confirm closing is on time and there aren’t any issues
• Confirm if closing will take place local, mail away or done via e-mail
• Obtain copies of the HUD for review and approval
• Confirm property is closed
• Obtain copies of signed HUD’s and deed

Short Sale tasks being completed (buyer side):

• Stay in communication with the negotiator and/or listing agent and get updates
• Update the buyer and selling agent
• Once short sale approval is issued, standard processing will start (see above)

Short Sale Facilitating task being completed:

• Communicate with the banks directly to start the short sale process
• Obtain documentation from the seller and forward to the banks(s)
• Obtain preliminary HUD from the title company and ensure all necessary fees are being collected
• Communicate with the associations (if applicable) and obtain estoppels and/or payoffs
• Obtain approval letters
• Communicate and coordinate the closing with all parties