- Buyer(s) submits credit application online or by phone, including unit information with applicable options.
- RDS will verify all information regarding the unit from Buyer(s)/Seller(s), including options using NADA (or other applicable sources) and/or payoff information.
- We then verify the loan request with the Buyer and submit it to the bank for approval.
- Upon lender approval, RDS will contact the Buyer(s) to review the rate, term, loan stipulations, titling requirements insurance, and payoff information (if applicable).
- RDS will contact Seller(s) to obtain applicable documentation including a copy of the title and etc.
- RDS obtains tax and title estimate for the Buyer’s approval.
- Buyer(s) return signed contracts in a pre-paid package (documents must be signed in the presence of a notary).
- RDS reviews the loan package, collects any missing information and forwards to the lender for funding.
- Once funding is received RDS will overnight a check to the Buyer(s) to complete the purchase. The check will be made payable to the Seller(s). This ensures the Buyer(s) is satisfied with the purchase prior to turning over the payment to the Seller(s),
- Copy of the paid taxes & proof of registration from the Buyer(s) is required to finalize the file.
417-732-9914