Waivers for Criminal History are taken on a case-by-case basis and at the sole discretion of the Investor. The ability to read, write, and speak the native tongue of the Country of Record of the asset is mandatory.
An example would be that a $60,000 asset purchased requiring $20,000 in repairs, would need to have a final broker’s price opinion of $100,000, or above.
At the midpoint, the Investor will review the project and if so warranted, the Investor will cause to be paid another One Third of the balance due.
At the completion of the project, the Investor will rely upon the Real Estate Agent or Broker’s approval. Any punch list or change orders will be completed, prior to final payment. Waiver of Liens are executed and any necessary remedy(s) occur. Upon acceptance by Investor, the final One Third of balance due is paid.
Payments may be executed through cashier’s check or by direct deposit, according to the Contract between Investor and Contractor.
Contractors and their Subcontractors are explicitly, just that. At no time, whatsoever, shall either Contractors or Subcontractors be the employee of either the Investor or Digital Matrix Group.
With respect to contractual status, all services rendered are done such directly with the Investor. There is a Master Service Agreement entered into before any services may be performed by the Contractor or Subcontractor. Rehab and Restoration is accomplished by and through unique and independent contracts on a per asset basis.
Digital Matrix Group operates as a clearinghouse facilitating workflow between Realtors, Investors, Contractors, and their Subcontractors.
As opposed to most Mortgage Field Services Industry operations, ALL contracting performed requires customary State Lien Laws to be obeyed. It is the Contractor’s responsibility to facilitate such either through third parties such as ZLien or by and through their own in house counsel.
With respect to our International Operations, this is on a country-by-country basis and is addressed independently at the time of Registration.