www.ifsREO.com

Submission Instructions

Please email the following Items to IFS:

1) Offer Summary
2) Purchase Offer
3) Prequalification or Pre-Approval Letter from Specific Bank
4) Proof of Funds - Down Payment and/or Cash to Close
5) Contact Info including Email address & Mobile phone number

 

Submit Property InformationClick Here to Submit Your Offer

Submit Property InformationDownload General REO Information/Instruction Page

When writing your offer, consider the following:

  • NEVER request a repair or concession without a maximum cost! If Concessions or Repairs must be requested, use fixed number and maximum or not to exceed limits. (If you don’t assign a maximum the banks will assume the high end expense and deduct that from your offer to calculate the NET Sales price – They compare your Net offer with other Net offers)
  • Don’t request anything your buyer doesn’t really need just to test the waters. (This lowers your Net offer amount – which is the only number the banks look at)
  • Properties are generally sold as is – Seller does not make repairs (They may consider credits but don’t like to pay before close of escrow incase your buyer fails to purchase)
  • Make sure credits do not exceed the maximum credit allowed by the Buyer’s lender. (Check with the lender before you submit so it isn’t an issue later!)
  • Gov. Programs - Include a maximum cost for any lender required repairs. (Note: that this affects your clients net offer amount)
  • Make certain that all of your contact information including an EMAIL address and MOBILE phone number are very visible so that we can contact you if necessary. (It is surprising how many fax cover sheets don’t have the submitting agents contact info on them.)
  • Seller works closely with the title and escrow companies and wants to use the companies that cater to their specific needs and situations.
  • Don’t fall into the trap that Banks will automatically take less than asking. (Most of the best opportunities are selling with multiple offers. Make Solid offers)
  • Check MLS listing for any other property specific instructions.
  • Condition has been considered when pricing the home.

Please let us know if when viewing the home you note that the property has been vandalized or accessed illegally. Also, if you notice a security problem or health hazard at the property, please let us know. Your help is appreciated!

Good luck on your offer, and thank you for showing this property.

Submit Property InformationClick Here to Submit Your Offer

 

 

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