Offer Process FAQ

What information needs to be included with the offer?
Do I need Proof of Funds (POF)?
How do I get a Wells Fargo Pre-Qualification?

• Purchase Agreement filled out COMPLETELY
  • An incomplete purchase agreement may delay or prohibit the submission of the offer, resulting in opportunities for other offers to be accepted.
  • Please double check all fields have been filled in / all initials and signatures included.
  • Verify all monetary values are correct and any calculations add up to total.
  • Calculate all % to dollars.
• Copy of EMD Check
  • Must be in buyer(s) name(s) AND must be signed (no starter checks / name imprinted)
  • Must be made out to Title or your broker's office
  • Copies of CASH are NOT acceptable.
• Proof of Funds (POF) / Pre-Qualification / Pre-Approval (One of the Following is REQUIRED)
  • Proof of Funds (POF)
    • If it is a cash offer, or your offer includes more than 20% in down payment, proof of funds (POF) is required.
    • Copy of buyer(s) bank statement or bank letter signed by bank officer with buyer(s) name(s)
    • Current date (must be dated within 60 days).
  • Pre-Qualification Letter
    • Only acceptable from Wells Fargo, Wachovia, Neighborhood Assistance Corporation of America (NACA) or other approved JV lender.
    • If Wells Fargo Pre-Qualification is needed:
      • There are no fees required for obtaining a wells fargo Pre-Qualification
      • A credit report is not required to obtain a Wells Fargo Pre-Qualification
      • Fax attached Pre-Qualification Application to:
        • Troy Everton @ 866-754-5705
  • Pre-Aproval Letter
    • Should be from a known lender