1) Client shall [ CONTACT US ] with all necessary information on www.ailaz.com Please note that incomplete registrations will NOT be processed.
2) Once the client's contact information has been received, a representative from AIL will contact the new client to verify that client has the funds necessary to move forward with securing a property at auction. Verification of funds may require client submission by email, fax, or otherwise of proof of funds.
3) A representative from AIL will make arrangements with the new client to have $10,000 in certified funds transferred to AIL . All funds will be used specifically to secure property at auction upon successful bid.
4) After the client's certified funds have been delivered to AIL , the client will be able to preview and select from a daily email on which property they would like AIL to bid on their behalf.
5) Once the client has made a selection on which property they would like AIL to bid on, then that property will be reserved on a first come, first serve basis for that client. It is possible that multiple clients of AIL may desire to bid on the same property. In the event the property you desire to bid upon has other bidders, AIL will make the bid on behalf of the client with the highest maximum bid. By way of example, if Client A is willing to bid up to $70K for a property and advises AIL first in time, and Client B is willing to bid up to $75K for that same property, Client B's bid shall have precedent if bidding exceeds $70K. Up to Client A's maximum bid of $70K, Client A shall have priority.
6) Once we are able to secure the property at auction without exceeding our predetermined limit price, then we will notify the client by client's preferred method of contact. For this reason, it is critical that your best contact information be on file.
7) The client must make arrangements to fully fund the remaining purchase price no later than 2:00 p.m. AZ time the following day or their initial $10,000 deposit to hold the property will be forfeited to the Trustee in accordance with Arizona state law. If the client chooses to use AIL's preferred private money lender then an AIL representative will make arrangements for the client so private money will be available. Please note that there is a $775 processing fee payable to AIL when using private money. The client will also need to submit certified funds in the amount $5,000 for a successful bidding fee immediately payable and earned to AIL in addition to the remaining purchase price balance due. Please note if currently working with a Realtor there will be an additional $2,000 fee.
8) After the property is paid for at the Trustee's Office, an AIL representative will receive the Deed to the property. The Deed will then be hand delivered to Old Republic Title and recorded in the client's name or under the name client provided to AIL for taking title.
9) At this point the client decides what they want their exit strategy to be which may include renting out the property, moving in or selling it. If your exit strategy is to sell or flip the property, AIL will handle all those details for you under a separate agreement.
10) If repairs are necessary, AIL representatives, at your direction, will schedule all necessary repairs and ensure that the repairs are fully completed in a timely manner. After all repairs have been completed, a thorough cleaning inside and out will be done on the property to ensure it is ready to hit the market. Please note that the client will be responsible for all up front costs to complete repairs and cleaning. All approximate costs on repairs and cleaning will be given before property is bid on by AIL for the client (unless client instructs us otherwise)
11) An AIL representative will contact the client to complete all necessary documents to get the property on the Multiple Listing Service. The representative will also discuss what can be expected while the property is being marketed. They will also share what to expect when a successful purchase contract is received from a buyer. At that point escrow is opened at title.
12) After the property is in escrow, a representative from AIL will be there to represent the client to ensure a successful close of escrow on the property. Once escrow is closed, all net proceeds will be disbursed to client.
Please remember that this is only a general scenario of what can be expected once you are a client of Arizona Investment Link. Your choices and desires ultimately determine your experience. We act only at your direction leaving you if full control of your costs at all times.
