The Investor DocKit Includes:
Contract for Purchase and Sale
Based on the Florida FAR/Bar As-Is contract, this three-page agreement is designed to address subject-to transactions, land trust buyers who wish to hide the purchase price from the public records, and other issues that our client wholesalers have faced over the years.
Assignment of Contract
This detailed assignment of contract spells out the assignee’s obligations and makes it crystal clear what happens if they step outside the lines.
Memorandum of Agreement
This recordable document gives public record notice that there is a contract in place between the investor buyer and the property owner. If you have a “shaky” seller, this can help keep their nerves in check.
Seller Acknowledgment
In two pages, the seller acknowledges facts that help avoid allegations of deceptive practices and lack of transparency allegation from the seller against the investor buyer.
Option to Purchase
Another recordable document that can be recorded to provide public notice that the investor has an interest in the property. It is used most often when the closing is contemplated to take place later rather than sooner.
And More…