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| Wednesday, November 17, 2010 Foreclosures Part III - Offer Processby Ehsan Sharenejad on Wed, Nov, 17, 2010 09:49 PM Categories: Apartments, Buyer, Conditions, Condominiums, Condos, Contract of Purchase and Sale, Downtown, Ehsan, Foreclosure, Lender, Purchase, Realtor, Sales, Schedule A, Seller, Sharenejad, Strata, Subject Removal, Subjects, Vancouver, Vendor
"How do I offer on a foreclosure?" A question I hear often. To most people's surprise, the offer process is not all that different from a regular purchase offer. The first difference worth noting, the request from the Lender for a non-conditional offer. That means, parties placing an offer on a foreclosure need to perform their due diligence before placing the offer. Second, the review and acknowledgement of the "Schedule A". This document will be discussed further in future vBlogs. For the purpose of placing an offer, this document places some terms in the standard "Contract of Purchase and Sale". If you would like to know more about foreclosures or how to offer on a foreclosure please contact me ehsan@ehsanrealty.com or 604-626-5332 |
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