HomeLight

SEPTEMBER 30, 2020

The HUD Home bid package includes a sales contract , an addendum regarding lead-based paints, an earnest money deposit of 5% through cash, cashier’s check, money order, or letter of credit, and a forfeiture of earnest money deposits document. Next, explore financing options. of the purchase price.

Earnest money deposit 75

Earnest money deposit FHA loan Pre-approval Finance 75

HomeLight

APRIL 30, 2021

A cash offer simply means you have all the money you need to buy the home in cash. If you’re using cash, you’ll have to show proof of funds with your offer. The two most common mortgage contingencies include: Financing contingency : The buyer’s finances need to check out to lend them the money.

Due diligence 97

Due diligence Finance Proof of funds Earnest money deposit 97

The Close

DECEMBER 29, 2022

Earnest money deposit. Also known as a “good faith deposit,” it’s the amount of money a buyer puts in escrow to show their commitment to purchase a property. The borrower isn’t taking money out based on the equity of the property as they would in a cash-out refinance. Proof of funds.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98