E- GMAC Offer instructions for HOME owned by GMAC. Please printout offer instructions. Initial by each procedure and submit this signed instruction sheet with your offer. Thank you. ____ Offers will be submitted on a CAR contract. All buyers must be named. GMAC has there own AMD which will accompany the contract. ____ A copy of the earnest money deposit must accompany the offer. The earnest money deposit must be a check made to Title Company. The check must be from the buyer. The Buyers name must appear on the check. If this is a cash purchase the EMD should be 10% of the purchase price. ____ If this is a cash offer you will provide a verification of funds ( bank statements) , dated within the last 30 days from date of offer submissions. The VOF will accompany your offer. ____ If the buyer plans on acquiring a loan for the purchase of this property they must supply a pre approval letter from the direct lender who will be funding the loan. ____ The agent representing the buyer understands this is an ‘As Is” sale. The seller will not be making any repairs or concessions for repairs. The agent is advised to complete a thorough visual inspection of the property prior to offer submission. The agent should submit a AVID with offer. ____ If this is VA or FHA- you are advised to have a pest report completed on the unit prior to making an offer. The bank will not agree to pest repairs that do not specify a dollar amount. ____ Send the offer to : Offers@capitolcrown.com or fax to 916-880-5553. If you would like confirmation of offer receipt, please also send an e-mail asking us to confirm receipt of your offer. We are happy to oblige. E- mail is the most efficient and best way of communicating with us. ____ The offers must come across clear. The bank will not accept copies which are not clear. Know that we will send you an electronic copy of the adm- Please print it out and get the original signed by the buyer then fax direct to us. ____ Doc’s should be in title a minimum of 5 days prior to closing date. We advise you have this discussion with the lender and have the lender. ____ All inspections and contingencies removals in 10 days. Buyer’s agent to notify of escrow extension request at least five days before close of escrow. *************************************************************** For a Pre-Approval with GMAC. Contact Jeff Poulton Loan Agent GMAC Mortgage Cell: (951) 741-4622 Fax: (866) 434-1326 ****************************************************************