Hud 9548 forfeiture of earnest money

Hud 9548 forfeiture of earnest money

Posted: parafraz2@gmail.com Date: 02.07.2017

Contract Documents must be received within 2 business days after the internet posting of bid results. Therefore, the Contract package should be completed with your purchaser PRIOR to placing the bid. This allows for two benefits; first, the sales contract outlines the electronic bid submission form and can be used to fill in the bid information, second, if your bid is awarded the package can be sent via overnight mail to be received within the deadline.

The successful bidder MUST submit a completed sales package by OVERNIGHT MAIL, which consists of the following: Conditions of Sale - must be signed 3. Copy of Earnest Money check. Lead Based Paint Addendum - if applicable. Radon Gas and Mold Notice and Release Agreement 8. Pre-qualification letter or for cash sales provide verification of funds. New versions of addenda may be available. Please check the website for Announcements or new forms.

Errors And Omissions If your contract package contains any errors or omissions your bid may be cancelled and the property placed back on the market or the back up bidder notified. Please be careful when filling out the contract and addenda and be sure it is complete and correct.

Line By Line Electronic Version: To produce a form that is filled out you would need to enter the HUD case number and your confirmation number.

In that instance you would enter information only on Line 2, Line 12, and Line 13 see particulars below. If you elect to fill in the contract manually please follow the directions below. Line 1— Complete the Purchaser s name s and Address of the property including City, State, and Zip Code. Fill in the HUD case number in the designated box and write the confirmation number above the box. These Contracts are not assignable. The Purchaser whose social security number was used in the bid must appear on the contract.

Line 2— Fill in the purchaser s name and legal style. The HUD closing agent will prepare a deed to transfer ownership according to this line.

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Line 3— Enter the purchase price the bid price and Earnest Money deposit. Please leave all other mortgage information BLANK. Closing costs can be found on page 2 of the Forfeiture and Extension Agreement. Please be sure your math is correct on declining stock market line. Line 8- Purchaser type: Investor or Owner Occupant. Misrepresenting a purchaser as euro sterling rate march 2013 Owner Occupant is a SERIOUS offense that may constitute fraud and may result in an investigation of the Broker, Agent and Purchaser by the office of the Inspector General.

Hud 9548 forfeiture of earnest money Discount amount blank. Properties may close in less than 45 days but 45 days MUST be on the contract. If closing does not occur by 45 days then extension fees will apply. Line 10— Back-up offers — Does not apply — you should only send in a sales contract package if you are the accepted bidder. Contract packages received that are not from the awarded bidders will be discarded without notification. Line 12— HAVE PURCHASER S INITIAL CONTRACT HERE- Please double check that ALL purchasers have initialed this box before sending the contract package.

Line 13— Purchaser information: Please be sure all information is written in the correct boxes. Conditions Of Sale The Conditions of Sale page is attached to the sales contract and animal shelter in putnam county wv be signed by all purchasers.

Copy Of Earnest Money Deposit A copy of the money order or certified check is a required portion of the sales package.

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Earnest Money is held by the Selling Broker. Forfeiture And Extension Policy This 3 page form is an explanation of forfeiture and refund of earnest money deposits for Owner Occupants and Investors as well as acceptable closing costs and extension of closing date request guidelines.

Please be sure this document is read and signed by all purchasers.

hud 9548 forfeiture of earnest money

Signature stamps are NOT ALLOWED. Lead Based Paint Addendum If the property was built prior to this addendum is required. This 1 page form must be signed by all purchasers and agent or broker.

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Radon Gas And Mold Notice And Release Agreement This agreement must be signed by all purchasers. Pre-Qualification Letter Or Proof Or Funds For Cash Sale A Letter of Commitment or a Pre-Qualification Letter - from an industry recognized bank or mortgage underwriter.

For cash sales, provide verification of cash funds. This can be a bank statement, letter from a bank, or other forms or verifications that provide evidence that cash funds will be available. For futher details click here. HUD Home Network LLC Red Lane Rd Birmingham, AL HUD Home Network LLC. Home Services Training Sessions Training Video Buying Guide Renting Guide Contact Us Forms. Non-FHA financing Purchaser is paying cash or applying for conventional or other financing not involving FHA.

If purchaser is paying cash please circle the word cash and be sure to include in your package a verification of funds. Type or print name. Date Contract was signed. This is to be used by the authorized HUD signing agent ONLY. HUD REO Programs NSP First Look Good Neighbor Next Door Bid Modification REO Discount Sales to Approved Non-Profits and Government Entities FHA Revitalization Area Sales Program Utilities Activation Dollar Homes Asset Control Areas Minimum Commision.

Financing Fannie Mae with derogatory credit.

Appraising and Financing HUD Real Estate Owned. FHA Repair and Inspection Requirements. HUD Updates on Ordering New Appraisals. FHA Maximium Loan Limits. HUD REO Appraisal Validity Period and Second Appraisals. Condominium Approval Process for Single Family Housing.

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