Deadlines - Contract

Page 1

PURCHASE CONTRACT TRACKING LOG PROPERTY ADDRESS __________________________________________________________________________________________ SELLER ________________________________________________

LINE 44 CLOSE OF ESCROW (COE) DATE _________

BUYER _________________________________________________

LINE 446 CONTRACT ACCEPTANCE DATE _________

UNLESS OTHERWISE INDICATED, DUE DATES ARE BASED ON THE NUMBER OF DAYS FROM CONTRACT ACCEPTANCE DATE. “DAYS” ARE CALENDAR DAYS. LINE

DUE

ITEM

DELIVERED

52-139–NEW LOAN (CONVENTIONAL / FHA / VA)

59/87 62/90 67/95

Conditional Loan Approval—Buyer to deliver to First American Title ...within 10 days ❐ or ____ days ________ ________ Seller’s optional 5-day Notice to Perform .........................................at Buyer’s non-compliance ________ Paying for Appraisal—Party responsible for paying to do so ...................within 5 days ❐ or ____ days ________ ________

120-139–ASSUMPTION OR 140-174 SELLER CARRYBACK (IF CREDIT APPROVAL REQUIRED)

133/161 Application/Credit Report—Buyer delivers to Seller ............................................within 5 days ________ ________ 135/162 Seller’s Reasonal Disapproval—Seller delivers to First American..within 5 days of receipt of credit report ________ ________ 189-218–TITLE INSURANCE

193 195 197

Title Commitment—First American delivers to Buyer .......................................................... ________ Disapproved Exception(s)—Buyer delivers to Seller .......within 5 days of receipt of Title Commitment ________ ________ ALTA Plain Language* Policy? (Review first page of Title Commitment.) ❐ Yes ❐ No *Our EAGLE Policy offers all the protection of the Plain Language Policy plus ten new important coverages.

219-223–SELLER PROPERTY DISCLOSURE STATEMENT (SPDS)

222

Disclosure Statement—Seller delivers to Buyer ..................................................within 5 days ________ ________

224-227–SELLER’S NOTICE OF VIOLATION(S)

226 226

Notice—Seller delivers to buyer immediately .................................................................... ________ Disapproved Item(s)—Buyer delivers to Seller .............................within 5 days of receipt of notice ________ ________

228-238–H.O.A. / CONDOMINIUM / P.U.D.

230 233 235

Pertinent Information per Contract—Seller delivers to Buyer ..........no later than 7 days prior to COE ________ ________ Disapproved Item(s)—Buyer delivers to Seller ......................within 5 days of receipt of information ________ ________ 50 units or more: written notice of pending sale—Seller sends to HOA .......................within 5 days ________

239-249–SWIMMING POOL BARRIER REGULATIONS

243

Buyer investigates all regulations and agrees to compliance .................within 10 days ❐ or ____ days ________ ________

250-260–LEAD BASE PAINT DISCLOSURE

252

Buyer has the opportunity to inspect for lead base paint ....................within 10 days ❐ or ____ days ________ ________

266-307–INSPECTIONS* (Within 10 days of contract or agreed-upon period)

284/300 Disapproved Item(s)/Cancellation Notice—Buyer delivers to Seller .......within 10 days ❐ or ____ days ________ ________ 301 OR Disapproved Item(s)/Notice to Correct** prior to Close of Escrow—Buyer gives Seller Notice within 10 days ❐ or ____ days 301 Seller’s Response to Notice***—Seller delivers to Buyer within 5 days ❐ or ____ days of receipt of Notice * INSPECTION ITEM(S)

INSPECTION ORDERED

INSPECTION COMPLETED

**BUYER’S NOTICE TO CORRECT DUE

DELIVERED

***SELLER’S RESPONSE TO NOTICE DUE

DELIVERED

Note: This tracking log is furnished as a courtesy to First American Title’s friends and customers. It is not intended as an interpretation or modification of the terms of the Purchase Agreement. In all cases, refer to the original accepted Purchase Contract for conditions and requirements. COMPLIMENTS OF

First American Title Insurance Agency REV. 7/18/97

DEDICATED TO HELPING YOU SUCCEED


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.