KAREIC NPO Capital Partner REO PROCEEDURE* 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
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
