This is a complete journal of all the steps of the Buy/Sell process. This is where particular offers made by the buyer are countered, accepted and moved through the closing process, or rejected by the Seller.
Step 1: Offer submitted by Buyer: The Buyer has submitted an Offer on Product ID#
YYY and shown acceptable Proof of Funds. The Offer has automatically gone to the Seller.
Step 2: Offer Sent to Seller: The Seller will receive Buyer’s Indicative Offer upon accepted review of Proof of Funds. If Buyer has not submitted acceptable Proof of Funds or if no Proof of Funds have been received Offer will remain in Admin Queue and will be sent when Proof of Funds are Accepted.
Step 3: Accept/Reject/Counter Indicative Offer
Step 4: Buyer/Seller Package:
Step 5: Due Diligence Period:
Step 6: Accept/Reject/Counter Final Offer
Step 7: Closing Documents
Step 8: Buyer Invoice & Payment:
Step 9: Assignment Preparation
Step 10: Original Collateral File
Executed and Notarized Assignment
Please Upload Scanned Copy of Original Executed Notarized Assignment
View Document | Upload again Or Delete
Full Original Collateral Documents
Original Collateral File and Original Executed Assignment to have at a minimum all documents found on
the Original Collateral File Checklist and to be mailed Overnight to the FCI Exchange Mailing Address.
FCI Exchange, Inc.
Attn: Closing Department
8180 E. Kaiser Blvd.
Anaheim Hills, CA 92808
Step 11: Transaction Close Out
Step 12: Assignment Recording and Tracking