Wholesaler EMD / Double Closing
We require a 5% or $250 minimum non-refundable deposit (for smaller EMD request). This is to underwrite your EMD request, and to make sure that you believe in the deal's potential to close. This deposit will be applied to the total EMD being requested and will not be refunded if the deal cancels for any reason. This will be collected right before funding your request. Do you agree to these terms?
Yes - I agree to these terms
Contact Information :
Full Name
*
First Name
Last Name
Phone Number
*
E-mail
*
example@example.com
Company Name
Company Address
What is your experience level with wholesaling?
*
Please Select
0 - 1 Sales
2 - 5 Sales
6 - 10 Sales
11+ Sales
Property Information :
Full address of property under contract
*
Amount of EMD or Double Closing Needed?
*
Is this a mutual release state?
*
Please Select
Yes - Seller Addendum signed by seller
Yes - Seller Addendum NOT signed by seller yet
No - Not a mutual release state
If you are buying and holding the property, your lender's money is our way of getting paid back, with our return. It is required to have the DD (inspection period) and COE (close of escrow) on the same day in order to secure our money from going hard. This is the only way to lend EMD if you are not assigning the property.
Do you need to amend your addendum to extend the DD period?
*
Yes - I need to make an amendment to the addendum (extend the DD period)
No - I am assigning this property
No - I am double closing and this does not apply to me
What type of deal is this?
*
EMD (30 Days to Close)
EMD (60 Days to Close)
EMD (90 Days to Close)
Double Closing
When does the deal need to be funded?
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-
Month
-
Day
Year
Date
Close of Escrow? (Calendar Day)
*
-
Month
-
Day
Year
Date
When does Due Diligence end? (i.e. When does the inspection period end?)
*
-
Month
-
Day
Year
Date
Purchase Contract (A-B)
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Purchase Contract (B-C)
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Personal Guarantee Contract: In order to refund JJ Fletcher LLC their EMD in-full if the deal is cancelled (for any reason) after the due diligence/inspection period ends, a Personal Guarantee Contract is required to be signed by the Wholesaler or the End Buyer prior to the deal being funded. Are you prepared to communicate these terms and conditions with your end buyer? If your end buyer refuses to sign the Personal Guarantee Contract, do you understand and agree to assume responsibility for these terms and conditions?
Yes - I will get the Personal Guarantee Contract signed by my end buyer
Yes - I will personally sign the Personal Guarantee Contract
Title Company or Closing Attorney company name
*
Title Company or Closing Attorney Contact you are working with
*
Direct Contact's email address
*
Direct Contact's phone number
*
Have you successfully completed any EMD JV deals and or Double Closings with this Title Company or Closing Attorney before?
Yes - They accept/understand JV EMD deals and are familiar with the process and paperwork
No - However they are investor friendly and open to new ideas/strategies
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