Get a cash advance of the lesser of $12,500 or 3% of the sale price. If interested, let your personal closing assistant know today.
After signing, within 1 business day your personal closing assistant will send the agreement to the title company.
The title company sends a preliminary title report within 5 to 10 business days. This report will confirm if the sale is 'clear to close' and if there are sufficient proceeds to cover the cash advance advantage.
If clear to close and if there are sufficient proceeds, you will sign your closing statement and a futured-dated mechanics lien.
Good Vibes Homebuyers will send your signed closing statement and future-dated mechanics lien to the title company, who will confirm receipt of the documents.
You are now eligible to receive your cash advance advantage. Your personal closing assistant will write you a check or wire your funds directly.
Everyone! Provided you have sufficient proceeds from your property sale.
The title company will determine this by deducting from the sale price any outstanding loans that will have to be repaid when you sell.
A seller may decide to not sell and are unable to repay the cash advance. When this occurs, we file the mechanics lien to ensure the proceeds from your cash advance are refunded later.