If there are two or more interested parties in the purchase of a property then the offer will often be decided via Sealed Bids. This means that the purchase prices offers are made by each party in a sealed manner i.e. provided via sealed envelope. When all bids are... Refers to the determining of whether there are any unwanted/adverse effects in relation to a particular property. Should cover things that are already in place and things that are being planned. Refers to the pay history on a loan. A loan that is ?seasoned? will have at least six months of pay history. Non-seasoned loans are more risky than seasoned loans because they lack a pay history.