REO Instructions
1. **Submit highest & best offer on CAR contract (RPA-CA 04/10 Version) to paul@keystonereo.com***
2. Please include a Cover Sheet with all contact information: Name, Cell or Phone Number and E-mail address.
3. Seller’s name should be left blank or state as “Owner of Record”
4. Minimum 3% deposit
5. Submit a copy of Deposit Check for the amount of Earnest Money Deposit.
6. Loan & inspection contingencies to be maximum 5-7 days
7. Wells Fargo Pre-approval letter must be no more than 30 days old and must accompany any offer
8. Proof of funds for down payment required, most recent statement-must not be more than one month old
9. Offer should have a statement saying it is Purchased “As-Is” in the terms and conditions along with an AS-IS Addendum.
10. Preferred Escrow/ Title Company if paid by seller will be seller’s choice
11. Cash offers must close within 21 days, proof of funds required
12. Allow at least 3 BUSINESS days for offer response time.
PLEASE NOTE:
Days 1-7: Offers will not be reviewed
Days 8-12: Offers ONLY from NSP buyers, Municipalities, Non-profit organizations and Owner-occupants will be reviewed.
Days 13+: We will consider offers from all buyers
“Seller REQUIRES Buyer obtain a free prequalification letter from Wells Fargo Home Mortgage, an entity which is a joint venture with Wells Fargo Home Mortgage, or the Neighborhood Assistance Corporation of America (NACA). Free pre-qualification can be obtained online at:
http://www.wfhm.com/prem-singh - Prem Singh- 408.223.3068
Date:____________
Buyer:__________________________ Buyer:__________________________
signature printed name
Buyer:___________________________ Buyer:___________________________
signature printed name
Selling Agent:________________________
