We sent in our contract package within 48 hours of seeing our bid acknowledged on “Bid Results.” How will I know if everything is okay and the contract has been signed by the M&M Contractor?
Your agent sends the contract package by a delivery service that provides a tracking system so he/she will know that it was received in time. If there are any errors or omissions discovered when the package is reviewed, your agent will receive an “Urgent Notice” by email or fax at the number that the agent provided. An immediate response to complete or correct the contract package is required or the bid is cancelled. If there are no errors or omissions, the contracts are put in line for signature by an M&M Contractor employee who has power of attorney from HUD. After being signed, the contract is sent back to the agent by second-day delivery service. Remember, until your agent receives the fully executed Sales Contract, the property is not considered to be officially under contract.
Related Questions
- We sent in our contract package within 48 hours of seeing our bid acknowledged on "Bid Results." How will I know if everything is okay and the contract has been signed by the M&M Contractor?
- How long does it take to process a Transaction/Contract package CT/RPO sent to CTR’s APB Unit?
- What if I won recieve my package within 24 hours?
