It would be good to stipulate those docs in your offer letter as well.If the owner can't, or won't, provide those docs it doesn't matter - you wont be able to get it financed, walk away-unless you want to buy cash or setup some other creative purchase.Good luck.

_s=PM:USThe only people breaking the law are the people who leak classified info.

From the outside the roof looks fine, and inside there are no apparent leaks or mold.

Some times, especially with eater leaks, what seems small is really a major problem.

Originally posted by J Scott: We now close our REO purchases in less than a week since we don't have to wait for the REO company to get off it's a** to do their job...Is that the "courtesy closing" and the banks tiitle company still has to draw up the docs?

And also to minimize potential leaks?

Try to find someone locally that does this sort of thing frequently and use their docs and process.

Roof leaks, gutters full?

One of the asset managers requires the deposit to be a ceritified check, while another accepts the broker escrow account check.If you don't have the original signed docs to them in 48 hours, no faxes acceoted, your contract will be rejected.They will accept less than 80% but it depends on the days on market and who the asset manager is.

As for the mold issue, the roof probably has a small leak, or it was leaking, causing the mold.