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Kareic Real Estate & Investment
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| Joe Park |
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Email Joe |
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Phone: |
(858)268-1177 |
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Cell: |
(619)370-7199 |
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Fax: |
(858)268-0277 |
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Address:
367 N Melrose Dr, Suite f
Type: Residential
Style: Upper Level Unit
Bedrooms: 2
Bathrooms: 2
Garage: Double "1Garage & 1 Non-Garge"
Size: 1,152 sq. ft.
Lot Type: Rectangular
Condo Fees: $274.00 USD
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Just off Melrose in, Melrose park. 1Min from the 78Fwy. Features fireplace in living room and a balcony. Complex has pool, spa and tennis courts. Check the attachment and make a Cash Offer today
KAREIC NPO Capital REO PROCEEDURE
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CASH Funding Agreement
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Bank will prepare contract (usually takes about 2 weeks)
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Standard RE escrow must close in less than 15-30 days
FUNDING AGREEMENT
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NPO Non Profit Origination 501 (c)(3) involved in Community Stabilization and Restoration Programs
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Target end user is low to moderate income and first time buyers up to 50%-120% of area mean income
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Funding Partner will fund NPO to acquire the property
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Funding Partner protected by a note &deed of trust thru escrow
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NPO must remain on Title until sold or 105 day, whichever occurs first
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Funding Partner has full control of the property and is responsible to manage, rehab, market and resale
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Sale to General Public OK if low to moderate demographic does not exist in the property area
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NPO must report to the Bank rehab process and resale to the end user
This is the best protocol below:
Select properties of interest (higher end properties seem to have the best opportunity for a profit margin)
Return properties to me by email
We will request pricing and request that the properties be reserved (first come first serve)
If property is available we will get word within 48 hours
Pricing takes 3 to 10 days
Once price is received, inspect the property
Accept or decline property
If accept. contract will be created between Homes That Change Lives and Capital Partner (investor)
Beginning to end generally takes 2 to 4 weeks to close |
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The information written and posted in this website is deemed to be correct but not guaranteed. Always check with your real estate professionals. KAREIC Real Estate is not responsible for any posted information without a written guarantee.
