Here's a sample letter from a condo conversion company; this buyer was purchasing a low-income property in Washington, DC. You can also learn more about low income credits in DC.
---------- Forwarded message ----------
From: John Doe
Date: Jul 24, 2007 11:35 AM
Subject: Update 07/27/07
To: Jane Doe
Here is the latest news regarding the purchase of your new home.
The renovation is well under way. Your unit is expected to be ready for delivery by August 20, 2007. Completion and final delivery is contingent upon the assignment of Tax ID numbers by the DC Government. While we anticipate that process to be smooth, we are dependant on it's completion in order to provide you with a firm date.
It is important that you have completed your loan application and submitted all necessary documents to your lender. This includes, Bank Statements, Pay Stubs, W2's, Tax Returns for the last two years if required, and your loan package.
If you are using HPAP, be sure that you have applied and that you are in receipt of your Notice of Eligibility. You will also need to obtain your Training Certificate from the HPAP Counseling Center.
Once the building is ready for delivery, your final inspection and settlement will be scheduled. Please review section 4 of your sales contract so that you might be prepared and know what to expect regarding settlement and Walk Thru. Sections 4a and 4c should especially be noted.
If you have not completed the activities identified above please contact me as soon as possible so that I may assist you in ensure that you loan is in process so that you can move into your brand new Condo.