THE PAPERWORK We are going to go over some paperwork that will allow us to help your situation. 1. The authorization to release information: This is a form that allows our company to talk to your mortgage company on your behalf. When we call your mortgage company they will not speak to us until they have received a copy of this document. This is to protect the confidentiality of you, their customer. We will fax this document to your mortgage company. 2. The Purchase and Sales agreement: This is a standard purchase contract. This is what is called a meeting of the minds. You, the homeowner, can not convey interest in your property to our company unless there is a meeting of the minds. There are two copies of the contract. There is one for you the homeowner to keep, and there is one for our company records. 3. The Agreement and Understanding: This is a form that my attorney helped our company write. We use this form so that there will be no misunderstanding of what our company plans to do with the property. Again, there are two copies, one for the homeowner’s record, and one for our company’s record. This form will be read out loud to you word for word. 4. The General Warranty Deed: This form was created by the North Carolina State Bar Association. It conveys the property form you, the homeowner to our company. We will let our attorney fill in the correct legal description when we go to record the deed. Thus, at the bottom of this from we write the physical address of the property. This is a safeguard to the homeowner. If the homeowner has more than one property it protects against changing the deed to a different property address. This document needs to be signed and notarized. 5. The Limited Power of Attorney: This form allows us to expedite the process. It at sometime may be necessary for our company to sign the homeowners name. For example, the bank may send our company a form that needs to be signed by the homeowner. If anything is signed by the company that is not legal, then the person who signed the document is legally responsible for the repercussions.
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