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7/29/2019 #BANKOFAMERICA FHA Pre-Foreclosure Sale Approval Letter
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Bank of America
To:
Email:
Todays Date:
Loan Number:
Property Address:
FHA Case Number:
This letter is to inform you that the sales contract has been accepted based on the current information ouroffice has received. The next step is to have the Final HUD-1 approved no than 5 business days prithe scheduled closing. Final HUD approval and closing instructions will be provided at that t ime.
**** IF YOU CLOSE WITHOUT FINAL HUD APPROVAL, THE FUNDS WILL BE RETURNED****
Make sure the buyers closing instructions have been received by the t it le company prior to sendingany HUD-1. Estimated HUDs will not be reviewed.
Once the HUD-1 has been approved, we will issue the demand letter, wiring instructions and
documents for the eller to sign at closing. These documents are sent directly to the closing agentONLY.
**Approved Final HUD-1 and amount of funds received from wire must match**
-E-Mail is the best way to send documents-- Please be sure to include the homeowners loan number on all correspondence.-
Thank you,
Kevin Wilson
March 14, 2013
216374165
25 BERRY PINE COURTTAYLORS, SC 29687
4615016348703
Joy Cur r ie
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7/29/2019 #BANKOFAMERICA FHA Pre-Foreclosure Sale Approval Letter
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Sales Contract Review Additional Information
HUD has approved $ __________ for buyer's closing cost credit .* ** Please note, these funds cannot be used for any port ion of the buyer's down payment, nor can it be used topay for fees that HUD has deemed un-allowed. For example, loan origination fees, third party negotiation fees,repairs or additional realtor costs. The final HUD-1 that is submitted for approval must show both buyer and sellercosts. If a fee is determined to be a non-allowed, you will be notif ied at that t ime, and final approval will bewithheld until corrections have been made. ***
216374165***FHA SHORT SALE - CLOSING NOTES***THIS APPROVAL IS CONTINGENT ON CLOSINGNO LATER THAN: on or before 3/29/13IF CLOSING DOES NOT TAKE PLACE BY THIS DATEA NEW APPROVAL LETTER WILL BE REQUIRED.
***THIS IS NOT AN APPROVAL TO CLOSE******SUBJECT TO FINAL HUD-1 APPROVAL***
Additional information:***FHA SHORT SALE - SALES CONTRACT REVIEW - APPROVED***Required Net Tier: 88%Required Net Proceeds: $149600Actual Net Proceeds: $149915Purchase Price: $170000Buyer(s):Ashley fowlerATP Exp Date:05/07/13Agent/3rd Party Name: Kevin WilsonAgent/3rd Party Email:[email protected] Fees to be paid from Sales Proceeds: seller concessions, HOA, commission, closing fee, state taxFees to be paid from FHA Seller Incentive: n/a
Joy Cur r ie
5,100.00
Kenneth S. SpencerLaura N. Spencer