Nationwide 611 properties at 40+3.

Overview and Protocol information:

Arizona it is National City Bank tape
Maricopa County 20 homes we can get it at 4.2M.
Michigan tape 222
Nationwide 611 properties at 40+3.
California. 86 homes of which 78 are rented for 141k per month.
The bpo list price is 32M the bank wants 14-15M but our inside bank person says we can have it for 13.5M.

Protocol is:
Protocols:
1.    LOI/POF info signed by the Buyer, with the ability to move funds, on the buyers letterhead,

2.  MFA executed by buyer  Buyer to drop POF to Seller Attorney or Seller Escrow after MFA and LOI received by Seller Rep/Mandate

3.   NDA with Buyer, Mandate, and any other representative of the buyer as applicable to protect the Buyer and Seller’s financial information.  (NEED THIS FORM STILL)
4.   Buyer on the phone with the Seller and or the Seller’s attorney to discuss and agree on specific protocol that meets both parties’ needs and expectations.
5.   Once accepted by the Seller as a legitimate order and/or the comfort level between the Buyer and the Seller is established, the snap shot of the tape for the order is released. 

6.   From the time of snapshot 48 hours to pass or play, unless agreed otherwise between the Buyer and Seller.
7.   The Buyer then moves funds, in the amount agreed upon between the Buyer and the Seller plus fees into the Buyer’s escrow of their choice, (must be an ALTA title/escrow company), to prove to ability to move funds.
8.    Once funds are verified by the Seller, Seller’s attorney or Seller’s escrow, from the Buyers designated escrow, as per the Buyer and Seller’s agreement, the Buyer will receive the purchase sale agreement, full tape, and when applicable the LOA.  Funds moved to Seller escrow agent (fees included).
9.   They will have 24 hours to close thereafter