Making an offer on a LENDER OWNED HOME

Most lenders already have escrow open at a title company.

All banks have addendums your clients need to sign, check the documents section of the mls website if we have the addendums early they will be there.

NOTE: Do not fill them out, they are just there for your review. ALL banks will fill out the addendum once agreed terms have been met.

Most homes are sold AS IS please explain to your clients what that means.

Please call with any questions we are always happy to answer them!

Lender Owned homes require a Pre-Approval letter called an LSR to be submitted with all offers. Please keep in mind that we can not submit your offer without an LSR if the bank requires it. Keep in mind this is your opportunity to speak directly with the bank!! Please go to the link corresponding to your lender for information.

BANK OF AMERICA
Jeff Santangelo - Loan Officer Home Loans
Direct: 480.246.9368 Direct Fax: 866.410.4303
Email: Jeffrey.Santangelo@BankOfAmerica.com
www.480HomeLoans.com

INDYMAC MORTGAGE SERVICES,a division of ONEWEST BANK, FSB

Steven Chester Senior Loan Consultant
Phone: 888-407-3863 ext. 7402 Efax: 866-450-4428
Email: Steven.Chester@owb.com
or
Nicholas Weeks Loan Retention Department
Phone: 888-407-3863 ext. 4656 Fax: 866-436-9972
Email: Nick.Weeks@owb.com
Contact Steven or Nicholas

Please note that these addendums are for you to review only.