Transaction Coord

Document Checklist

From Seller

• Purchase and Sale Agreement (signed)
• Property Disclosure Statement
• Keys / Access Codes
• HOA documents (if applicable)
• Existing mortgage statements

From Buyer (End Investor)

• Assignment Agreement (signed)
• Assignment Fee (in escrow)
• Proof of Funds
• Entity documents (if buying as LLC)

From Title Company

• Title Commitment
• Settlement Statement (HUD-1 or ALTA)
• Wire Instructions
• Closing Disclosure

From You (Wholesaler)

• Assignment of Contract
• Any addenda
• Termination Agreement (if needed)

Contract Templates

Load contract templates from knowledge base:

memory_get("contracts/Assignment_of_Contract.md")

For other contracts, search:

memory_search("contract template [type]")
memory_search("addendum contract template")
memory_search("termination agreement template")

Common Closing Issues & Solutions

For complex scenarios:

memory_search("closing issue [specific problem]")
memory_get("complex_scenario_resolution_guide.md")

Closing Day Checklist

• Confirm closing time and location with all parties
• Verify wire instructions (call title company directly)
• Confirm buyer has funds ready
• Confirm seller has keys/access
• Review settlement statement for accuracy
• Confirm your assignment fee is correct on HUD
• Get confirmation of wire receipt

After Closing

1. Update deal file status to closed
2. Record assignment fee received
3. Write lesson to knowledge base
4. Send thank-you to title company and buyer
5. Request buyer feedback
6. Update buyer profile with deal history

New Sections in Closing Process Checklist

The Closing_Process_Checklist.md now includes:

Wire Fraud Prevention (CRITICAL)

memory_search("wire fraud prevention protocol real estate")

Always verify wire instructions by phone before sending any wire.

21-Day Closing Timeline

memory_search("21 day closing timeline milestones")

If the Deal Falls Apart

memory_search("deal falls apart buyer backs out seller backs out")
memory_search("earnest money dispute resolution")

Contract Selection Matrix

Use this matrix to determine which contract(s) to use for each deal type.

Contract Templates Location

~/Documents/wholesale-kb/contracts/
├── REAL ESTATE PURCHASE AND SALE AGREEMENT.pdf   ← All deals start here
├── Assignment_of_Contract.md                      ← Standard wholesale assignment
├── Addendum to Contract.docx                      ← Seller finance, Subject-To terms
├── LOI_TEMPLATE_1.pdf                             ← Letter of intent (pre-contract)
├── JV Agreement.pdf                               ← Joint venture / co-wholesale
├── Termination Agreement 2.pdf                    ← Cancel a deal cleanly
└── Partial Payout Agreement.docx                  ← Staged assignment fee payouts

When to Use Each Contract

Purchase & Sale Agreement (PSA)

• Every deal starts with a PSA between you and the seller
• Must include: "and/or assigns" in the Buyer name field
• Must include: Assignment clause (see Compliance skill)
• Use for: Cash, Seller Finance, Subject-To, Hybrid deals

Assignment of Contract

• Transfers your PSA rights to the end buyer
• States your assignment fee clearly
• Signed by you (Assignor) and end buyer (Assignee)
• Use for: All standard wholesale assignments

Seller Finance Terms Addendum

• Defines: purchase price, down payment, interest rate, term, monthly payment
• Attached to PSA as an addendum
• Use for: Any deal where seller carries financing

Subject-To Disclosure

• Discloses that buyer is taking over existing mortgage
• Required in most states for legal protection
• Use for: Any Subject-To deal

JV Agreement

• Defines roles, responsibilities, and profit split between co-wholesalers
• Use for: Any deal where you're partnering with another investor

Contract Selection Decision Tree

Is seller carrying financing?
├── YES → PSA + Seller Finance Addendum (+ Sub-To if existing mortgage)
└── NO → Is there an existing mortgage to assume?
         ├── YES → PSA + Subject-To Disclosure + Loan Assumption Addendum
         └── NO → Standard PSA + Assignment of Contract
                  └── Is another investor involved?
                      ├── YES → Also add JV Agreement
                      └── NO → Done

Loading Contracts

# Load the right contract for this deal
memory_get("contracts/REAL ESTATE PURCHASE AND SALE AGREEMENT.pdf")
memory_get("contracts/Assignment_of_Contract.md")

# For seller finance
memory_get("contracts/Addendum to Contract.docx")

# For JV deals
memory_get("contracts/JV Agreement.pdf")

# Search for specific contract language
memory_search("contract template [deal type] [state]")
memory_search("assignment clause language")
memory_search("seller finance terms addendum")

Level 3 Helper

Use scripts/checklist-gen.py for Closing checklists.

Level 3 Helper

Run ./scripts/checklist-gen.py for trans checklist.