Disclosure Statement for HPP Investment Buyer Program
Thank you for your interest in the HPP Investment Buyer Program. We want to emphasize the following important aspects of the program to ensure a clear understanding before proceeding with property acquisitions under the HPP Agency name:
Property Acquisition: All properties selected through the HPP Investment Buyer Program will be acquired under the HPP Agency name. This means that the ownership of the properties will be held by the agency, and investors will have a beneficial interest in the properties.
Due Diligence: Investors must conduct thorough due diligence before proceeding with any property purchase. While the HPP Agency will provide relevant information, it is the responsibility of the investor to assess the property’s condition, potential risks, and investment viability.
As-Is Purchases: All purchases made through the HPP Investment Buyer Program are as-is purchases. The properties are sold in their current condition, and the investor assumes all responsibility for any necessary repairs, renovations, or upgrades.
Cash Purchases: All purchases under this program must be made as cash purchases. There will be no escrow or title services involved. All payments must be made directly to the designated trustee as outlined in the agreement.
Tenants and Evictions: Some properties acquired through the program may have existing tenants. It will be the investor’s responsibility to handle any necessary eviction processes and adhere to all legal requirements regarding tenant rights and local regulations. Immediate insurance coverage is also necessary to protect both the HPP Agency and the investor’s interests.
Compliance with Terms: All investors participating in the HPP Investment Buyer Program will be bound by a Memorandum of Understanding (MOU) that outlines the terms and conditions of the program. Compliance with these terms is essential to ensure a successful and mutually beneficial partnership.
End Users Only: All properties acquired through the HPP Investment Buyer Program must be transferred to end users only. No corporations or entities of any nature are allowed to be the final recipients of the properties. This ensures that the properties are used for their intended purposes and benefits the communities they are located in.
This disclosure serves as a reminder of the important aspects of the HPP Investment Buyer Program. It is crucial to carefully review and understand these terms before engaging in any property acquisition. The HPP Agency will be available to answer any questions or provide clarification on the program and its processes. Your understanding and cooperation are greatly appreciated. ©2024 Find by HPP. All rights reserved.