The New Property Or New Tenant Info like it’s name suggests gives details regarding the properties and tenants. It has various details in it like the name of the person preparing the document, the address as well as the approximate annual rental value.
Incase of new properties, the name and social security number of the seller is needed along with his phone number and the date of birth. The date of acquisition and whether the documents are complete as well as signed needs to be ascertained, along with the name of the trustee and the beneficiary.
The next part of the New Property Or New Tenant Info contains details of the name of the lender, the loan number, his phone number as well as the balance of the loan and the monthly payment towards the loan and if it needs to be reinstated.
There are also details such as existing insurance is it there, is the insurance escrowed, is new insurance needed, will a refund be given, is the mortgage company aware of the transfer and is it assumable or non assumable. Also, details such as the investor notes and the deed of trust are necessary and if so, is it complete and released.
The next part is the name of the investor, the date of the loan, the payment due, the amount and date of the first payment.
For tenants what is needed are their details including details of the lease payments, security deposits as well as repair deductible amounts. Also if utilities are taken in their name.
New Property or New Tenant Info-Lease Options, 10.0 out of 10 based on 2 ratings