232 Calle Florecita, Escondido, CA 92029

KAREIC NPO Capital Partner REO PROCEDURE* CASH SALE Funding Partner Agreement* Bank will prepare contract (usually takes about 2 weeks)* Standard RE escrow must close in less than 15-30 days FUNDING PARTNER AGREEMENT * NPO Non Profit Origination 501(c)(3) involved in Community Stabilization and Restoration Programs* Target end user is low to moderate income and first time buyers up to 50%-120% of area mean income* Funding Partner will fund NPO to acquire the property* Funding Partner protected by a note & deed of trust through escrow* NPO must remain on Title until sold or 105 day, whichever occurs first* Funding Partner has full control of the property and is responsible to manage, rehab, market and resale* Sale to General Public OK if low to moderate demographic does not exist in the property area* NPO must report to the Bank rehab process and resale to the end userBrokered And Advertised By: Kareic Real Estate & InvestmentListing Agent: Joe Park