Contract for Deed
Due Diligence Checklist
BORROWER AND PROPERTY INFORMATION
| Payor information (including social security number, mailing address, phone numbers, etc) | ||
| 12-month pay history & escrow reconciliation (if applicable) | ||
| Contract for Deed & any applicable assignment(s) and modification(s) | ||
| Owner's title commitment that lists the insured as "Bayview Financial Property Trust" | ||
| Current Tax Certificate | ||
| Current Hazard Insurance | ||
| Appraisal/BPO (if available) | ||
| Annual Accounting Statements (for Texas contracts only) | ||
| HUD/Closing Statement | ||
| Truth-ln-Lending Disclosure (TIL)* | ||
| The documentation package must contain a Truth-In-Lending disclosure (TIL) if the following apply: • the property is owner-occupied • it has been less than 5 years since origination • the seller originates more than 5 loans per year |
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| If the note has less than 3 months of seasoning, the following must also be included in the documentation package: Full Interior Appraisal Completed loan application on the borrowers |