1. Mutual Acceptance of Purchase Contract:
- Buyer to deposit Earnest Money with Escrow Company: Upon Acceptance
- Buyer to provide lender with Loan Application (within 3 days after Contract acceptance):
- Buyer to grant lender permission to access Credit Report (within 3 days after Contract acceptance):
- Seller to deliver SPDS (within 3 days after Contract acceptance):
- Seller to deliver Insurance Claims History (within 5 days after Contract acceptance):
- Buyer to receive Loan Estimate (LE):
- Seller to notify HOA of pending sale if over 50 units (5 days after Contract acceptance):
- Buyer to receive required HOA disclosures
(10 days after Contract acceptance if less than 50 units)
(10 days after HOA’s receipt of notice if 50 or more units):
- Buyer to supply LSU (within 10 days after Contract acceptance):
- Buyer to provide notice of any items disapproved within the SPDS
(5 days after receipt/Inspection Period):
- Buyer to provide notice of any items disapproved within the Insurance Claims History
(5 day after receipt/Inspection Period):
- Buyer to apply for Homeowners Insurance (Inspection Period):
- Buyer to order Termite or Insect Inspection (Inspection Period):
- Buyer to deliver Inspection Notice (Inspection Period):
- Seller to deliver response to Buyer’s Inspection Notice (5 days after receipt):
- Buyer to deliver reply to Seller’s Inspection Notice response (5 days after receipt):
- Buyer to provide lender Notice of Intent to Proceed w/loan (within 10 days of receipt
- Buyer to provide lender all signed disclosures and documentation listed in LSU
- at lines 32-35 (within 10 days of receipt of LE)
- Buyer’s disapproval of HOA documents (5 days after receipt):
- Buyer may cancel in the event of low appraisal (5 days after notice):
- Buyer’s Homeowners Insurance in place (COE):
- Buyer to perform Walkthrough(s):
- Buyer to receive Closing Disc
(CD) (no later than 3 business days prior to signing):
26a. Buyer to sign Loan Documents (no later than 3 days prior to COE):
-OR27. Buyer to have funds in Escrow to allow COE on COE Date:
- Seller to complete repairs (if any) / receipts to Buyer (3 days prior to COE):
Buyer’s disapproval of Title Commitment/Sch. B, etc. (5 days after receipt):
26b. Buyer to deliver Notice of Loan Approval without PTD conditions AND date(s) of CD
receipt from lender (no later than 3 days prior to COE):
26c. Buyer to deliver Notice of Inability to Obtain Loan Approval without PTD conditions
(no later than 3 days prior to COE):
- Recordation of Documents (COE):
- Seller to deliver possession, keys, security system/alarms, mailbox, etc. (COE
