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Escrows updated May 29
Hands-off · Title in progress — watching for closing
Addendum Thread
- May 27contractsInspection receivedClosing - 129 Brian Court Daleville AL 36322▸ expand
Hello, we are now through our inspection period and ready to move forward
Hello, we are now through our inspection period and ready to move forward to closing. Please see the attached Inspection Addendum and Hola Invoice with the new terms. *New terms:* *Reserve:* 40% *Credit in lieu of repairs: *$7,500 Can you review the file and let us know where we are at and what else you need? Thanks *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919 - Jun 1pldukejrReplyRe: Closing - 129 Brian Court Daleville AL 36322▸ expand
Where do we stand on this file? Are we still shooting for closing on
Where do we stand on this file? Are we still shooting for closing on Monday, June 8th? - Jun 4pldukejrReplyRe: Closing - 129 Brian Court Daleville AL 36322▸ expand
Are you able to find the instrument #, book # and page # for the mortgage
Are you able to find the instrument #, book # and page # for the mortgage and promissory note? Their probate office isn't very helpful over the phone and the lady didn't know what I was talking about. - Jun 4contractsReplyRe: Closing - 129 Brian Court Daleville AL 36322▸ expand
This seems like a question for ultra so we will let them advise.
This seems like a question for ultra so we will let them advise. Thank you *Rachel Hill* *Contracts Team*Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919 Contracts Main Number
Offer Scenarios
1 option proposed · click any value to revise
Proposed Terms
With CLR
ARV $105,000
- Purchase
- − Program fee
- $9,975
- − Resale fee
- $5,775
- − Title
- $1,050
- − CLR
- − Reserve
- $42,000
- 1st payout
- $38,700
- 2nd payout @ ARV
- $42,000
- Total to seller
- $80,700
Bid drafts
- 129 Brian Ct4 itemsUpdated 18d ago$4,250
Drive
Inspection Activity
- May 18eliotInspection receivedRe: Inspection Report Ready - 129 Brian Ct Daleville AL 36322▸ expand
Alright here is what I want to do on this one.
Alright here is what I want to do on this one. On 129 Brian Ct. Inspection came back with 81 items. We're sending an Inspection Addendum today requesting a $7,500 repair credit AND a reserve increase from 30% to 40%. What we're requesting from the seller: • $7,500 credit at closing (Seller concession on settlement statement) — we use these funds to make the repairs ourselves before resale • Seller Reserve: 30% → 40% (from $31,500 to $42,000) • Credit and reserve are separate (the $7,500 is not added to the reserve) • Combined adjustment vs. original contract: $18,000 Email to agent: Subject: 129 Brian Ct — Inspection Response & Buyer's Inspection Addendum Hi Phil, Inspection is complete on 129 Brian Court. Our formal Buyer's Inspection Addendum is attached, with the full list of disapproved items. Our goal is to resolve the safety and functional issues so we can resell the property faster and for as much money as possible which benefits both sides under the Cash+ structure. Rather than ask to coordinate repairs, we'll handle them ourselves. Our ask: • $7,500 credit at closing (Seller concession on settlement statement) • Seller Reserve increased from 30% ($31,500) to 40% ($42,000) • Credit and reserve kept separate; all other contract terms unchanged One question on the HVAC: the seller's disclosure states the heatins and cooling systems were installed October 2025, but the inspector photographed Rheem dataplates showing 05/2011 manufacture dates. Can the you provide documentation of the 2025 install? Per Section 6, the seller has 5 days to accept, reject, or counter. Please let me know if you have any questions before we proceed. Thanks,
Notes
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