Short offer letter good condition
The short offer letter good condition is written to an institution by the company which states in the letter that they have under contract the property to purchase. They intend purchasing it with cash and want the institution to schedule a closing on a specific date post the institution accepts the short sale request. Once the closing is done, the funds will be wired within 48 hours.
In the letter the details are also mentioned that the property is purchased for the sum mentioned and based on the information given to them by the local agent whose details are also mentioned, the offer is lesser than the sum of the mortgage balance which is current.
In this short sale request it states what are the repairs that are needed to be undertaken on the property and that the documentation which was requested for approval of the short pay off offer has also been included.
As per the letter it informs the institution that the owners need to vacate the property and that the premises will needed to be checked and secured by the company. The taxes as well as all the costs which are incurred with the purchase will also be paid back by the company. The letter finally states that the purchase is with an as-is condition and without any contingencies. The sellers will not receive compensation from the sale either.
This letter along with the address, name, phone, and fax number is then sent to the institution.
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