Acquisitions - Auction Preperation

Copy of Refi Acct/Documents Attached

N12a

Check for refinance documents. Enter refinance accounting. Keep all documents organized

Auction Closeout

A08

Reconcile auction day accounting and input purchase accounting

Attend Auction

A07

Attend Auction, bid per auction list

Tax Search

A04

Search or outsource search of tax records to determine any outstanding tax amounts

Send insurance info to bank

N03

Obtain insurance for any new houses

Create Maps and Lists

A02

Create maps and list, assign drivers, download original list to folder

Initial Contact

N07

If property is occupied, talk with current resident about options

Deliver Initial Letter

N04

Deliver initial purchase letter

Begin eviction

N10

Create eviction task if necessary

Auction Staffing

A06

Insure property staffin level for auction

Refi Acct/Documents Attached

N12

Check refinance documents, and keep all documents organized

Title Search

A03

Follow process to analyze title of properties being sold at auction

Initial Letter

N02

Create initial letter if home occupied

Project plan

N09

Complete a walkthrough and develop a project plan for rehabing property

Download and format list

A01

Download and Format Auction List

Request Title Work

N05

Request title work from title co.

Refi Packet

N06

Prepare a package and contact lenders to obtain financing/ST financing

New property project

N0!

Project for each new property purchased

Request Justin rehab funds

N13

Request any construction funds held by bank.

Populate List

A05

Assemble list combining Title, Prop, Tax, Pictures, and Driving Info

Create new property project

A09

Create new auction property project for each property purchased

New Property File

N01

Add to property list. Create property file and electronic file for new plurchase. File receipt.

Deed

N08

Check with foreclosing attorneys office and county to make sure deed filed

Auction Decision

A0!

Determine if will attend monthly auction - 16+ days before auction