How To Correctly Complete
A HomeTelos HUD
Sales Contract Package
Presented By
HUD Sales Contract
Go to www.HomeTelosFirst.com and register with the same
information you used on HUDHomeStore.com
Or if you’re already registered click My Account
to login. Then My Contracts. Then Create Contract Package.
When you use HomeTelos First’s Fillable Sales Contract Tool all you
have to do is enter the exact offer terms and it will ...
Sales Contract
Property Disposition Program

U.S. Department of Housing and Urban Development
Office of Housing
Federal Ho...
Sales Contract
Property Disposition Program

U.S. Department of Housing and Urban Development
Office of Housing
Federal Ho...
described in the deed conveying the property to the Secretary of Housing and Urban Development:

1234 Any Street, Anytown,...
Sales Contract

U.S. Department of Housing and Urban Development
Office of Housing
Federal Housing Commissioner

Line 4: C...
Sales Contract
Property Disposition Program

U.S. Department of Housing and Urban Development
Office of Housing
Federal Ho...
Line 4: Check the appropriate box. If purchaser is obtaining FHA
insured 203k financing, the following boxes should be che...
Sales Contract

U.S. Department of Housing and Urban Development
Office of Housing
Federal Housing Commissioner

Line 4: C...
100,000.00
3. The agreed purchase price of the property is ..................................................................
5.
6a.
6b.
7.
8.

$
for
months (does not include FHA Mortgage Insurance Premium,
prepaid expenses or closing costs Seller ...
5.
6a.
6b.
7.
8.

prepaid expenses or closing costs Seller has agreed to fund into mortgage.).
Said mortgage involves a re...
8. Purchaser is:

✔ owner-occupant (will occupy this property as primary residence)
nonprofit organization

9.
10.
11.
12....
5. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller
...
Line 12: Purchaser(s) must initial on Purchaser(s)
line. DO NOT initial on Seller’s line.
If there is more than one Purcha...
Line 13: Purchaser information: Please remember to type or print
Purchaser(s) name(s), address and phone number.
All Purch...
The managing broker MUST sign. If the selling agent is not the
managing broker, the selling agent may not sign unless they...
Write the FHA
Case Number
on the Form

Conditions of Sale must be
initialed by the purchaser(s)
Write in the
FHA Case
Number

Write in the
FHA Case
Number

Write in the
Confirmation
Number
Received
When Bid Was
Submitt...
Write in the
Property
Address

Purchaser(s)
Sign, Date
and Print
Name

Write in the
FHA Case
Number
Write in
HomeTelos,
LP
Write the FHA
Case Number
on Form

Print
Purchaser(s)
Name(s)

Write in the
Property
Address

Purchaser(s)
Sign and Date

...
Write the FHA
Case Number
on Form

Purchaser(s)
Sign
Write in the
FHA Case
Number

Purchaser(s)
Sign
Write in the
FHA Case
Number

Purchaser(s)
Sign
Write in the
Property
Address

Write in the
FHA Case
Number
Write in
Purchaser(s)
Name(s)
Initial Bottom
of Page
Write in
Purchase Price
Shown on
HUDHomeStore
When the Bid
Was Placed
Purchaser(s)
Sign and Date

Write the FHA
Case Numbe...
Write in the
FHA Case
Number

Write in the
Property
Address

Write in
Purchaser(s)
Name(s)

Write in
Purchaser(s)
Phone
Nu...
Write in
Buyer’s
Agent’s Name
Write in
Listing Agent’s
Name

Write in
Buyer’s
Agent’s Phone
Number
Write in
Listing
Agent’...
Write in Title
Companys’
Name
Write in Title
Companys’
Primary Point
of Contact’s
Name. NOT
YOUR CLOSER

Write in Title
Co...
Write in Title
Companys’
Secondary
Point of
Contact’s
Name. NOT
YOUR CLOSER

Write in Title
Companys’
Secondary
Point of
C...
Write in Title
Companys’
Address.
Make sure
you use the
address for
the branch
you are using.

Write in Title
Companys’
Em...
Each Branch
of a Title
Company
Must Register
and Have
Their Own
Title ID

HUD Title
ID Number.
This Will Be
Assigned The
F...
Lead Based Paint Disclosure
If property was built prior to 1978, the three page
Lead Based Paint Disclosure (LBP) form wil...
Buyer’s Prequalification Letter
Must be on lender letterhead dated within thirty days of the bid
date with no contingencie...
Proof of Funds
If the purchaser(s) is paying cash for the property they
must show proof of available funds equal to or gre...
Earnest Money
MUST be certified funds payable to the buyer selected title
company or the buyer. (Unified Title or John Doe...
Your contract will not be executed
and your bid will be cancelled
if the earnest money is not
delivered to the listing age...
Where Do I Mail My Contract Packet?
Contract package is due to HomeTelos two business days
from bid acknowledgement.
Doubl...
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1D HomeTelos HUD Sales Contract Completion

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We know that completing a HUD contract packet is confusing.

First you have to figure out who the Asset Manager is (HINT- You can find this by clicking the Property Contacts link on HUDHomeStore.com, inputting the case number and then clicking on the link.)

Then you have to go to that Asset Manager's website to get your contract packet so you can ensure you have the correct addenda required by that Asset Manager (we know you don't want to pay another overnight fee or risk having your contract canceled.)

Then you still have to figure out how to complete the packet correctly because you know if you don't you could have to pay another overnight fee or your contract could be canceled.

HomeTelos makes it easy for you. They have a Fillable Sales Contract Tool so all you have to do is input the requested information and click save. Your contract packet is completed. Now all you have to do is print it out, get your buyer's, your managing broker's and your signatures (BLUE INK ONLY) where required and overnight it to the address on the first page of the checklist.

This presentation will help you correctly compete a HUD Sales Contract even if the Asset Manger isn't HomeTelos (please be aware the earnest money requirements for Matt Martin are different), all of HomeTelos' addenda (remember each Asset Manager has their own addenda), the correct way to complete the Lead Based Paint Addendum (applies to all Asset Managers), what is required in your prequal letter or for proof of funds for HomeTelos, the correct way to make out an earnest money check (applies to all Asset Mangers), and where to send the completed HomeTelos contract packet.

We're sure you'll find this information help on your next HUD transaction.

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1D HomeTelos HUD Sales Contract Completion

  1. 1. How To Correctly Complete A HomeTelos HUD Sales Contract Package Presented By
  2. 2. HUD Sales Contract Go to www.HomeTelosFirst.com and register with the same information you used on HUDHomeStore.com
  3. 3. Or if you’re already registered click My Account to login. Then My Contracts. Then Create Contract Package.
  4. 4. When you use HomeTelos First’s Fillable Sales Contract Tool all you have to do is enter the exact offer terms and it will generate a printable contract package including all the required addendum. This will help you submit a complete and accurate contract package which will prevent delays or possible cancellation of your bid. HomeTelos First’s Fillable Sales Contract Tool also eliminates the tedious task of complete the sales contract and addendum manually. All offer terms MUST match the offer terms entered when the bid was submitted.
  5. 5. Sales Contract Property Disposition Program U.S. Department of Housing and Urban Development Office of Housing Federal Housing Commissioner HUD Case No. John Doe 1. I (We), ___________________________________________________________________________________ (Purchaser(s)) agree to purchase on the terms set forth herein, the following property, as more particularly described in the deed conveying the property to the Secretary of Housing and Urban Development: 052-123456 1234 Any Street, Anytown, CO 80906, El Paso County _______________________________________________________________________________________________________________________ . (street number, street name, unit number, if applicable, city, county, State) 2. The Secretary of Housing and Urban Development (Seller) agrees to sell the property at the price and terms set forth herein, and to prepare a deed containing a covenant which warrants against the acts of the Seller and all claiming by, through or under him. Title will be taken in the following John Doe, in severalty name(s) and style: _________________________________________________________________________________________________________ . 100,000.00 3. The agreed purchase price of the property is ........................................................................................................... ➤ 3. $ ________________________ 1,000.00 Purchaser has paid $ _____________________ as earnest money to be applied on the purchase price, and agrees to pay the balance of the purchase price, plus or minus prorations, at the time of closing, in cash to Seller. The Unified Title earnest money deposit shall be held by ___________________________________________________________ . 4. ✔ Purchaser is applying for FHA insured financing [ ✔ 203(b), 203(b) repair escrow, 203(k)] with a cash Upper right hand box: Input the FHA Case Number down payment of $ due at closing and the balance secured by a mortgage in the amount of $ for months (does not include FHA Mortgage Insurance Premium, prepaid expenses or closing costs Seller has agreed to fund into mortgage.). Said mortgage involves a repair escrow amounting to $ . ______________________________________________________________________________________ Purchaser is paying cash or applying for conventional or other financing not involving FHA. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller 3,000.00 in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 5. $ _______________________ Upon sales closing, Seller agrees to pay to the broker identified below a commission (including 3,000.00 selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6a. $ _______________________ 3,000.00 If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 6b. $ _______________________ The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 7. $ 91,000.00 Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) investor Line 1: Please type in the purchaser(s) name(s) and complete property address of the property they are purchasing. Please remember to include the county. 5. 6a. 6b. 7. 8. nonprofit organization 9. 10. 11. 12. 13. public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall Unified Title be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . If Seller does not accept this offer, Seller ✔ may may not hold such offer as a back-up to accepted offer. Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854
  6. 6. Sales Contract Property Disposition Program U.S. Department of Housing and Urban Development Office of Housing Federal Housing Commissioner HUD Case No. John Doe 1. I (We), ___________________________________________________________________________________ (Purchaser(s)) agree to purchase on the terms set forth herein, the following property, as more particularly described in the deed conveying the property to the Secretary of Housing and Urban Development: 052-123456 1234 Any Street, Anytown, CO 80906, El Paso County _______________________________________________________________________________________________________________________ . (street number, street name, unit number, if applicable, city, county, State) 2. The Secretary of Housing and Urban Development (Seller) agrees to sell the property at the price and terms set forth herein, and to prepare a deed containing a covenant which warrants against the acts of the Seller and all claiming by, through or under him. Title will be taken in the following John Doe, in severalty name(s) and style: _________________________________________________________________________________________________________ . 100,000.00 3. The agreed purchase price of the property is ........................................................................................................... ➤ 3. $ ________________________ 1,000.00 Purchaser has paid $ _____________________ as earnest money to be applied on the purchase price, and agrees to pay the balance of the purchase price, plus or minus prorations, at the time of closing, in cash to Seller. The Unified Title earnest money deposit shall be held by ___________________________________________________________ . 4. ✔ Purchaser is applying for FHA insured financing [ ✔ 203(b), 203(b) repair escrow, 203(k)] with a cash down payment of $ due at closing and the balance secured by a mortgage in the amount of $ for months (does not include FHA Mortgage Insurance Premium, prepaid expenses or closing costs Seller has agreed to fund into mortgage.). Said mortgage involves a repair escrow amounting to $ . ______________________________________________________________________________________ Purchaser is paying cash or applying for conventional or other financing not involving FHA. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller 3,000.00 in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 5. $ _______________________ Upon sales closing, Seller agrees to pay to the broker identified below a commission (including 3,000.00 selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6a. $ _______________________ 3,000.00 If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 6b. $ _______________________ The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 7. $ 91,000.00 Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) investor Line 2: Please enter name(s) and style in which title will be taken. 5. 6a. 6b. 7. 8. Acceptable styles in which title may be taken are: In Severalty Joint Tenancy Tenants in Common nonprofit organization 9. 10. 11. 12. 13. public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall Unified Title be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . If Seller does not accept this offer, Seller ✔ may may not hold such offer as a back-up to accepted offer. Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854 Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Secretary of Housing and Urban Development Date Purchaser(s)Signed Contract: 719-777-8239 By: (type name & title, & sign) Date Contract Accepted by HUD: X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial
  7. 7. described in the deed conveying the property to the Secretary of Housing and Urban Development: 1234 Any Street, Anytown, CO 80906, El Paso County _______________________________________________________________________________________________________________________ . (street number, street name, unit number, if applicable, city, county, State) 2. The Secretary of Housing and Urban Development (Seller) agrees to sell the property at the price and terms set forth herein, and to prepare a deed containing a covenant which warrants against the acts of the Seller and all claiming by, through or under him. Title will be taken in the following John Doe, in severalty name(s) and style: _________________________________________________________________________________________________________ . 100,000.00 3. The agreed purchase price of the property is ........................................................................................................... ➤ 3. $ ________________________ 1,000.00 Purchaser has paid $ _____________________ as earnest money to be applied on the purchase price, and agrees to pay the balance of the purchase price, plus or minus prorations, at the time of closing, in cash to Seller. The Unified Title earnest money deposit shall be held by ___________________________________________________________ . 4. ✔ Purchaser is applying for FHA insured financing [ ✔ 203(b), 203(b) repair escrow, 203(k)] with a cash down payment of $ due at closing and the balance secured by a mortgage in the amount of $ for months (does not include FHA Mortgage Insurance Premium, prepaid expenses or closing costs Seller has agreed to fund into mortgage.). Said mortgage involves a repair escrow amounting to $ . ______________________________________________________________________________________ Purchaser is paying cash or applying for conventional or other financing not involving FHA. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller 3,000.00 in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 5. $ _______________________ Upon sales closing, Seller agrees to pay to the broker identified below a commission (including 3,000.00 selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6a. $ _______________________ 3,000.00 If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 6b. $ _______________________ The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 7. $ 91,000.00 Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) investor Line 3: Please enter purchase price, amount of earnest money, and the name of the title company the buyer has selected. 5. 6a. 6b. 7. 8. If the purchase price is: $50,000 or less, the earnest money is $500 More than $50,000, the earnest money is $1,000 nonprofit organization 9. 10. 11. 12. 13. public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall Unified Title be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . If Seller does not accept this offer, Seller ✔ may may not hold such offer as a back-up to accepted offer. Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. A title company must be chosen and entered. Contracts with “Buyer Selected Closing Agent” or “TBD” will not be accepted and your bid may be cancelled. Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854 Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Secretary of Housing and Urban Development Date Purchaser(s)Signed Contract: 719-777-8239 By: (type name & title, & sign) Date Contract Accepted by HUD: X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial status, national origin, or disability; (2) he/she has both provided and explained to the purchaser the notice regarding use of Seller’s closing agent; (3) he/she has explained fully to the purchaser the entire terms of the contract, including Condition B on the reverse hereof; and (4) he/she is in compliance with Seller’s earnest money policy as set forth on HUD forms SAMS-1111, Payee Name and Address, and SAMS-1111-A, Selling Broker Certification, which he/she has executed and filed with Seller. Broker's Business Name & Address: (for IRS reporting) (include Zip Code) Broker's EIN or SSN: (include hyphens) 12-3456789 Your Real Estate Office 6789 Main Street Signature of Broker: SAMS NAID: ABCXYZ1234 Broker's Phone No: 719-555-7890
  8. 8. Sales Contract U.S. Department of Housing and Urban Development Office of Housing Federal Housing Commissioner Line 4: Check the appropriate box. If purchaser is obtaining FHA insured (203b) financing, the following boxes should be checked: Property Disposition Program HUD Case No. 052-123456 John Doe 1. I (We), ___________________________________________________________________________________ (Purchaser(s)) agree to purchase on the terms set forth herein, the following property, as more particularly described in the deed conveying the property to the Secretary of Housing and Urban Development: 1234 Any Street, Anytown, CO 80906, El Paso County _______________________________________________________________________________________________________________________ . (street number, street name, unit number, if applicable, city, county, State) 2. The Secretary of Housing and Urban Development (Seller) agrees to sell the property at the price and terms set forth herein, and to prepare a deed containing a covenant which warrants against the acts of the Seller and all claiming by, through or under him. Title will be taken in the following John Doe, in severalty name(s) and style: _________________________________________________________________________________________________________ . 100,000.00 3. The agreed purchase price of the property is ........................................................................................................... ➤ 3. $ ________________________ 1,000.00 Purchaser has paid $ _____________________ as earnest money to be applied on the purchase price, and agrees to pay the balance of the purchase price, plus or minus prorations, at the time of closing, in cash to Seller. The Unified Title earnest money deposit shall be held by ___________________________________________________________ . 4. ✔ Purchaser is applying for FHA insured financing [ ✔ 203(b), 203(b) repair escrow, 203(k)] with a cash 5. 6a. 6b. 7. 8. down payment of $ due at closing and the balance secured by a mortgage in the amount of for months (does not include FHA Mortgage Insurance Premium, $ prepaid expenses or closing costs Seller has agreed to fund into mortgage.). Said mortgage involves a repair escrow amounting to $ . ______________________________________________________________________________________ Purchaser is paying cash or applying for conventional or other financing not involving FHA. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller 3,000.00 in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 5. $ _______________________ Upon sales closing, Seller agrees to pay to the broker identified below a commission (including 3,000.00 selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6a. $ _______________________ 3,000.00 If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 6b. $ _______________________ The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 7. $ 91,000.00 Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) investor nonprofit organization public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall Unified Title be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . If Seller does not accept this offer, Seller ✔ may may not hold such offer as a back-up to accepted offer. Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. The lines for down payment amount, mortgage amount, and months should either be left blank or filled with TBD. 9. 10. 11. 12. 13. Repair escrow amount should be left blank. Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854 Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Secretary of Housing and Urban Development Date Purchaser(s)Signed Contract: 719-777-8239 By: (type name & title, & sign) Date Contract Accepted by HUD: X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial
  9. 9. Sales Contract Property Disposition Program U.S. Department of Housing and Urban Development Office of Housing Federal Housing Commissioner Line 4: Check the appropriate box. If purchaser is obtaining FHA insured (203b) financing with a repair escrow, the following boxes should be checked: HUD Case No. John Doe 1. I (We), ___________________________________________________________________________________ (Purchaser(s)) agree to purchase on the terms set forth herein, the following property, as more particularly described in the deed conveying the property to the Secretary of Housing and Urban Development: 052-123456 1234 Any Street, Anytown, CO 80906, El Paso County _______________________________________________________________________________________________________________________ . (street number, street name, unit number, if applicable, city, county, State) 2. The Secretary of Housing and Urban Development (Seller) agrees to sell the property at the price and terms set forth herein, and to prepare a deed containing a covenant which warrants against the acts of the Seller and all claiming by, through or under him. Title will be taken in the following John Doe, in severalty name(s) and style: _________________________________________________________________________________________________________ . 100,000.00 3. The agreed purchase price of the property is ........................................................................................................... ➤ 3. $ ________________________ 1,000.00 Purchaser has paid $ _____________________ as earnest money to be applied on the purchase price, and agrees to pay the balance of the purchase price, plus or minus prorations, at the time of closing, in cash to Seller. The HUD's Designated Closing Agent earnest money deposit shall be held by ___________________________________________________________ . 4. ✔ Purchaser is applying for FHA insured financing [ 203(b), ✔ 203(b) repair escrow, 203(k)] with a cash 5. down payment of $ due at closing and the balance secured by a mortgage in the amount of for months (does not include FHA Mortgage Insurance Premium, $ prepaid expenses or closing costs Seller has agreed to fund into mortgage.). 2,200.00 . ✔ Said mortgage involves a repair escrow amounting to $ ______________________________________________________________________________________ Purchaser is paying cash or applying for conventional or other financing not involving FHA. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller 3,000.00 in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 5. $ _______________________ Upon sales closing, Seller agrees to pay to the broker identified below a commission (including 3,000.00 selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6a. $ _______________________ 3,000.00 If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 6b. $ _______________________ The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 7. $ 91,000.00 investor Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) The lines for down payment amount, mortgage amount, and months should either be left blank or filled with TBD. 6a. 6b. 7. 8. nonprofit organization 9. public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall HUD's Designated Closing Agent be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . If Seller does not accept this offer, Seller ✔ may may not hold such offer as a back-up to accepted offer. Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. Repair escrow amount should match either what is listed under Repair Escrow on HUDHomeStore.com or the 110% amount listed on the Property Condition Summary. 10. 11. 12. 13. Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854 Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Secretary of Housing and Urban Development Date Purchaser(s)Signed Contract: 719-777-8239 By: (type name & title, & sign) Date Contract Accepted by HUD: X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial status, national origin, or disability; (2) he/she has both provided and explained to the purchaser the notice regarding use of Seller’s closing agent; (3) he/she has explained fully to the purchaser the entire terms of the contract, including Condition B on the reverse hereof; and (4) he/she is in compliance
  10. 10. Line 4: Check the appropriate box. If purchaser is obtaining FHA insured 203k financing, the following boxes should be checked: Sales Contract Property Disposition Program U.S. Department of Housing and Urban Development Office of Housing Federal Housing Commissioner HUD Case No. 052-123456 John Doe 1. I (We), ___________________________________________________________________________________ (Purchaser(s)) agree to purchase on the terms set forth herein, the following property, as more particularly described in the deed conveying the property to the Secretary of Housing and Urban Development: 1234 Any Street, Anytown, CO 80906, El Paso County _______________________________________________________________________________________________________________________ . (street number, street name, unit number, if applicable, city, county, State) 2. The Secretary of Housing and Urban Development (Seller) agrees to sell the property at the price and terms set forth herein, and to prepare a deed containing a covenant which warrants against the acts of the Seller and all claiming by, through or under him. Title will be taken in the following John Doe, in severalty name(s) and style: _________________________________________________________________________________________________________ . 100,000.00 3. The agreed purchase price of the property is ........................................................................................................... ➤ 3. $ ________________________ 1,000.00 Purchaser has paid $ _____________________ as earnest money to be applied on the purchase price, and agrees to pay the balance of the purchase price, plus or minus prorations, at the time of closing, in cash to Seller. The HUD's Designated Closing Agent earnest money deposit shall be held by ___________________________________________________________ . 4. ✔ Purchaser is applying for FHA insured financing [ 203(b), 203(b) repair escrow, ✔ 203(k)] with a cash 5. 6a. 6b. 7. 8. down payment of $ due at closing and the balance secured by a mortgage in the amount of for months (does not include FHA Mortgage Insurance Premium, $ prepaid expenses or closing costs Seller has agreed to fund into mortgage.). Said mortgage involves a repair escrow amounting to $ . ______________________________________________________________________________________ Purchaser is paying cash or applying for conventional or other financing not involving FHA. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller 3,000.00 in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 5. $ _______________________ Upon sales closing, Seller agrees to pay to the broker identified below a commission (including 3,000.00 selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6a. $ _______________________ 3,000.00 If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 6b. $ _______________________ The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 7. $ 91,000.00 Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) investor nonprofit organization public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall HUD's Designated Closing Agent be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . If Seller does not accept this offer, Seller ✔ may may not hold such offer as a back-up to accepted offer. Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. The lines for down payment amount, mortgage amount, and months should either be left blank or filled with TBD. 9. 10. 11. 12. 13. Repair escrow amount should be left blank. Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854 Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Secretary of Housing and Urban Development Date Purchaser(s)Signed Contract: 719-777-8239 By: (type name & title, & sign) Date Contract Accepted by HUD: X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property
  11. 11. Sales Contract U.S. Department of Housing and Urban Development Office of Housing Federal Housing Commissioner Line 4: Check the appropriate box. If purchaser is paying cash or obtaining non-FHA financing,the following box should be checked: Property Disposition Program HUD Case No. 052-123456 John Doe 1. I (We), ___________________________________________________________________________________ (Purchaser(s)) agree to purchase on the terms set forth herein, the following property, as more particularly described in the deed conveying the property to the Secretary of Housing and Urban Development: 1234 Any Street, Anytown, CO 80906, El Paso County _______________________________________________________________________________________________________________________ . (street number, street name, unit number, if applicable, city, county, State) 2. The Secretary of Housing and Urban Development (Seller) agrees to sell the property at the price and terms set forth herein, and to prepare a deed containing a covenant which warrants against the acts of the Seller and all claiming by, through or under him. Title will be taken in the following John Doe, in severalty name(s) and style: _________________________________________________________________________________________________________ . 100,000.00 3. The agreed purchase price of the property is ........................................................................................................... ➤ 3. $ ________________________ 1,000.00 Purchaser has paid $ _____________________ as earnest money to be applied on the purchase price, and agrees to pay the balance of the purchase price, plus or minus prorations, at the time of closing, in cash to Seller. The HUD's Designated Closing Agent earnest money deposit shall be held by ___________________________________________________________ . 4. Purchaser is applying for FHA insured financing [ 203(b), 203(b) repair escrow, 203(k)] with a cash 5. 6a. 6b. 7. 8. down payment of $ due at closing and the balance secured by a mortgage in the amount of for months (does not include FHA Mortgage Insurance Premium, $ prepaid expenses or closing costs Seller has agreed to fund into mortgage.). Said mortgage involves a repair escrow amounting to $ . Purchaser is paying cash or applying for conventional or other financing not involving FHA. ✔ ______________________________________________________________________________________ Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller 3,000.00 in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 5. $ _______________________ Upon sales closing, Seller agrees to pay to the broker identified below a commission (including 3,000.00 selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6a. $ _______________________ 3,000.00 If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 6b. $ _______________________ The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 7. $ 91,000.00 investor Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) nonprofit organization public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 30 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall HUD's Designated Closing Agent be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . may not hold such offer as a back-up to accepted offer. If Seller does not accept this offer, Seller ✔ may Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. The boxes and lines for down payment amount, mortgage amount, months and repair escrow should be left blank. 9. 10. 11. 12. 13. Please circle either cash or conventional. Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854 Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Secretary of Housing and Urban Development Date Purchaser(s)Signed Contract: 719-777-8239 By: (type name & title, & sign) Date Contract Accepted by HUD: X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial status, national origin, or disability; (2) he/she has both provided and explained to the purchaser the notice regarding use of Seller’s closing agent; (3)
  12. 12. 100,000.00 3. The agreed purchase price of the property is ........................................................................................................... ➤ 3. $ ________________________ 1,000.00 Purchaser has paid $ _____________________ as earnest money to be applied on the purchase price, and agrees to pay the balance of the purchase price, plus or minus prorations, at the time of closing, in cash to Seller. The Unified Title earnest money deposit shall be held by ___________________________________________________________ . 4. ✔ Purchaser is applying for FHA insured financing [ ✔ 203(b), 203(b) repair escrow, 203(k)] with a cash 5. 6a. 6b. 7. 8. down payment of $ due at closing and the balance secured by a mortgage in the amount of $ for months (does not include FHA Mortgage Insurance Premium, prepaid expenses or closing costs Seller has agreed to fund into mortgage.). Said mortgage involves a repair escrow amounting to $ . ______________________________________________________________________________________ Purchaser is paying cash or applying for conventional or other financing not involving FHA. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller 3,000.00 in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 5. $ _______________________ Upon sales closing, Seller agrees to pay to the broker identified below a commission (including 3,000.00 selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6a. $ _______________________ 3,000.00 If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 6b. $ _______________________ The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 7. $ 91,000.00 Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) investor nonprofit organization 9. 10. 11. 12. public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall Unified Title be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . If Seller does not accept this offer, Seller ✔ may may not hold such offer as a back-up to accepted offer. Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. Line 5: Please enter requested closing costs, up to 3% of the purchase price. 13. Purchaser(s): (type or print names & sign) Purchaser(s) Address: HUD DOES NOT pay for the Closing Agent Fee or other items that may customarily be paid for by the seller such as Title Insurance. If there is not sufficient funds on Line 5 these things will be a buyer expense. John Doe 54321 Elm Drive, Thattown, CO 80854 Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Date Purchaser(s)Signed Contract: 719-777-8239 Secretary of Housing and Urban Development By: (type name & title, & sign) Date Contract Accepted by HUD: X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial status, national origin, or disability; (2) he/she has both provided and explained to the purchaser the notice regarding use of Seller’s closing agent; (3) he/she has explained fully to the purchaser the entire terms of the contract, including Condition B on the reverse hereof; and (4) he/she is in compliance with Seller’s earnest money policy as set forth on HUD forms SAMS-1111, Payee Name and Address, and SAMS-1111-A, Selling Broker Certification, which he/she has executed and filed with Seller. Broker's Business Name & Address: (for IRS reporting) (include Zip Code) Broker's EIN or SSN: (include hyphens) 12-3456789 Your Real Estate Office Signature of Broker: 6789 Main Street Anytown, CO 80906 This section for HUD use only. Broker notified of: Acceptance Rejection Back-Up No. _____________________ Return Earnest Money Deposit Previous editions are obsolete ABCXYZ1234 Broker's Phone No: 719-555-7890 X Type or print the name and phone number of sales person: SAMS NAID: Your Name, 719-555-7891 Authorizing Signature & Date: X ref. Handbook 4310.5 form HUD-9548 (1/99)
  13. 13. 5. 6a. 6b. 7. 8. $ for months (does not include FHA Mortgage Insurance Premium, prepaid expenses or closing costs Seller has agreed to fund into mortgage.). Said mortgage involves a repair escrow amounting to $ . ______________________________________________________________________________________ Purchaser is paying cash or applying for conventional or other financing not involving FHA. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller 3,000.00 in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 5. $ _______________________ Upon sales closing, Seller agrees to pay to the broker identified below a commission (including 3,000.00 selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6a. $ _______________________ 3,000.00 If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 6b. $ _______________________ The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 7. $ 91,000.00 Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) investor nonprofit organization public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall Unified Title be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . If Seller does not accept this offer, Seller ✔ may may not hold such offer as a back-up to accepted offer. Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. Line 6a: Selling agent commission either $1,250 (indicated on HUDHomestore.com) or 3% of the purchase price. Line 6b: Listing agent commission $1,250 (indicated on HUDHomestore.com) or 3% of the purchase price. 9. 10. 11. 12. 13. Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854 Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Date Purchaser(s)Signed Contract: 719-777-8239 Secretary of Housing and Urban Development By: (type name & title, & sign) Date Contract Accepted by HUD: X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial status, national origin, or disability; (2) he/she has both provided and explained to the purchaser the notice regarding use of Seller’s closing agent; (3) he/she has explained fully to the purchaser the entire terms of the contract, including Condition B on the reverse hereof; and (4) he/she is in compliance with Seller’s earnest money policy as set forth on HUD forms SAMS-1111, Payee Name and Address, and SAMS-1111-A, Selling Broker Certification, which he/she has executed and filed with Seller. Please note that the selling agent may reduce their commission, but the listing agent commission may not be reduced. Broker's Business Name & Address: (for IRS reporting) (include Zip Code) Broker's EIN or SSN: (include hyphens) 12-3456789 Your Real Estate Office Signature of Broker: 6789 Main Street Anytown, CO 80906 This section for HUD use only. Broker notified of: Acceptance Rejection Back-Up No. _____________________ Return Earnest Money Deposit Previous editions are obsolete ABCXYZ1234 Broker's Phone No: 719-555-7890 X Type or print the name and phone number of sales person: SAMS NAID: Your Name, 719-555-7891 Authorizing Signature & Date: X ref. Handbook 4310.5 form HUD-9548 (1/99)
  14. 14. 5. 6a. 6b. 7. 8. prepaid expenses or closing costs Seller has agreed to fund into mortgage.). Said mortgage involves a repair escrow amounting to $ . ______________________________________________________________________________________ Purchaser is paying cash or applying for conventional or other financing not involving FHA. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller 3,000.00 in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 5. $ _______________________ Upon sales closing, Seller agrees to pay to the broker identified below a commission (including 3,000.00 selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6a. $ _______________________ 3,000.00 If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 6b. $ _______________________ The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 7. $ 91,000.00 investor Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) nonprofit organization 9. 10. 11. 12. public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall Unified Title be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . may not hold such offer as a back-up to accepted offer. If Seller does not accept this offer, Seller ✔ may Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. Line 7: Subtract Lines 5, 6a and 6b from Line 3 to determine the net amount due to HUD and enter on this line. 13. Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854 Line 8: Check the appropriate box for occupancy. Unless purchaser is a HUD approved nonprofit, government agency or Good Neighbor Next Door, the discount amount should always be blank. If purchaser is a HUD approved nonprofit, government agency or Good Neighbor Next Door, enter the appropriate discount percentage. Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Date Purchaser(s)Signed Contract: 719-777-8239 Secretary of Housing and Urban Development By: (type name & title, & sign) Date Contract Accepted by HUD: X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial status, national origin, or disability; (2) he/she has both provided and explained to the purchaser the notice regarding use of Seller’s closing agent; (3) he/she has explained fully to the purchaser the entire terms of the contract, including Condition B on the reverse hereof; and (4) he/she is in compliance with Seller’s earnest money policy as set forth on HUD forms SAMS-1111, Payee Name and Address, and SAMS-1111-A, Selling Broker Certification, which he/she has executed and filed with Seller. Broker's Business Name & Address: (for IRS reporting) (include Zip Code) Broker's EIN or SSN: (include hyphens) 12-3456789 Your Real Estate Office Signature of Broker: 6789 Main Street Anytown, CO 80906 This section for HUD use only. Broker notified of: Acceptance Rejection Back-Up No. _____________________ Return Earnest Money Deposit Previous editions are obsolete ABCXYZ1234 Broker's Phone No: 719-555-7890 X Type or print the name and phone number of sales person: SAMS NAID: Your Name, 719-555-7891 Authorizing Signature & Date: X ref. Handbook 4310.5 form HUD-9548 (1/99)
  15. 15. 8. Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) nonprofit organization 9. 10. 11. 12. investor public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall Unified Title be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . may not hold such offer as a back-up to accepted offer. If Seller does not accept this offer, Seller ✔ may Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. Line 9 First Blank: Enter 45 for financed transactions other than the 203 (k). Enter 60 for transactions that are using the 203 (k). Enter 30 for cash transactions. Line 9 Second Blank: Enter the name of the title company the buyer has selected. 13. Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854 Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Date Purchaser(s)Signed Contract: 719-777-8239 Secretary of Housing and Urban Development By: (type name & title, & sign) Date Contract Accepted by HUD: X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial status, national origin, or disability; (2) he/she has both provided and explained to the purchaser the notice regarding use of Seller’s closing agent; (3) he/she has explained fully to the purchaser the entire terms of the contract, including Condition B on the reverse hereof; and (4) he/she is in compliance with Seller’s earnest money policy as set forth on HUD forms SAMS-1111, Payee Name and Address, and SAMS-1111-A, Selling Broker Certification, which he/she has executed and filed with Seller. Broker's Business Name & Address: (for IRS reporting) (include Zip Code) Broker's EIN or SSN: (include hyphens) 12-3456789 Your Real Estate Office Signature of Broker: 6789 Main Street Anytown, CO 80906 This section for HUD use only. Broker notified of: ABCXYZ1234 Broker's Phone No: 719-555-7890 X Type or print the name and phone number of sales person: SAMS NAID: Your Name, 719-555-7891 Authorizing Signature & Date: A title company must be chosen and entered. Contracts with “Buyer Selected Closing Agent” or “TBD” will not be accepted and your bid may be cancelled. Acceptance Rejection Back-Up No. _____________________ Return Earnest Money Deposit Previous editions are obsolete X ref. Handbook 4310.5 form HUD-9548 (1/99)
  16. 16. 5. Seller will pay reasonable and customary costs, but not more than actual costs, nor more than paid by a typical Seller in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ........ ➤ 6a. Upon sales closing, Seller agrees to pay to the broker identified below a commission (including selling bonus, if offered by seller) of ...................................................................................................................... ➤ 6b. If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: .... ➤ 7. The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................ ➤ 8. Purchaser is: ✔ owner-occupant (will occupy this property as primary residence) investor nonprofit organization 9. 10. 11. 12. 13. 3,000.00 5. $ _______________________ 3,000.00 6a. $ _______________________ 3,000.00 6b. $ _______________________ 7. $ 91,000.00 public housing agency other government agency. Discount at closing: % Discount will reduced by amounts, if any, listed on Line Items 5 and 6. 45 Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall Unified Title be held at the office of Seller’s designated closing agent or _______________________________________________________________________ . may not hold such offer as a back-up to accepted offer. If Seller does not accept this offer, Seller ✔ may Lead based paint addendum is ✔ is not attached; Other addendum ✔ is is not attached hereto and made part of this contract. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller's sole option, retain all or a portion of the deposit as liquidated damages. The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent. Purchaser(s) Initials:_______ Seller's Initials:_______ This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of this contract. Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as to the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract. Line 10: Check the appropriate box for back up status (remember it must match your bid). Purchaser(s): (type or print names & sign) Purchaser(s) Address: John Doe 54321 Elm Drive, Thattown, CO 80854 Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: 543-12-0987 Seller: Date Purchaser(s)Signed Contract: 719-777-8239 Secretary of Housing and Urban Development By: (type name & title, & sign) Date Contract Accepted by HUD: X Line 11: If property was built prior to 1978, check the box for LBP is attached, if built in 1978 or later, check box for is not attached. Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial status, national origin, or disability; (2) he/she has both provided and explained to the purchaser the notice regarding use of Seller’s closing agent; (3) he/she has explained fully to the purchaser the entire terms of the contract, including Condition B on the reverse hereof; and (4) he/she is in compliance with Seller’s earnest money policy as set forth on HUD forms SAMS-1111, Payee Name and Address, and SAMS-1111-A, Selling Broker Certification, which he/she has executed and filed with Seller. Broker's Business Name & Address: (for IRS reporting) (include Zip Code) Broker's EIN or SSN: (include hyphens) 12-3456789 Your Real Estate Office Signature of Broker: 6789 Main Street Anytown, CO 80906 ABCXYZ1234 Broker's Phone No: 719-555-7890 X Type or print the name and phone number of sales person: SAMS NAID: Your Name, 719-555-7891 The box for “Other Addendum is attached” MUST always be checked. This section for HUD use only. Broker notified of: Acceptance Rejection Back-Up No. _____________________ Return Earnest Money Deposit Previous editions are obsolete Authorizing Signature & Date: X ref. Handbook 4310.5 form HUD-9548 (1/99)
  17. 17. Line 12: Purchaser(s) must initial on Purchaser(s) line. DO NOT initial on Seller’s line. If there is more than one Purchaser, please remember all Purchasers must initial.
  18. 18. Line 13: Purchaser information: Please remember to type or print Purchaser(s) name(s), address and phone number. All Purchaser(s) signatures Social Security Number(s) or EIN/FIN and date contract was signed are required DO NOT have Purchaser(s) sign on the “Seller” line or in the “Authorizing Signature & Date:” box. This is only to be used by the authorized HUD signing agent.
  19. 19. The managing broker MUST sign. If the selling agent is not the managing broker, the selling agent may not sign unless they have an Authorization Letter from the managing broker giving them permission to sign on their behalf. The Authorization Letter must be included with the contract packet and have the case number and property address on it. Signature stamps are NOT acceptable.
  20. 20. Write the FHA Case Number on the Form Conditions of Sale must be initialed by the purchaser(s)
  21. 21. Write in the FHA Case Number Write in the FHA Case Number Write in the Confirmation Number Received When Bid Was Submitted Purchaser(s) Sign and Date Both the Managing Broker and the Selling Agent Must Sign and Date
  22. 22. Write in the Property Address Purchaser(s) Sign, Date and Print Name Write in the FHA Case Number Write in HomeTelos, LP
  23. 23. Write the FHA Case Number on Form Print Purchaser(s) Name(s) Write in the Property Address Purchaser(s) Sign and Date Managing Broker Sign and Date
  24. 24. Write the FHA Case Number on Form Purchaser(s) Sign
  25. 25. Write in the FHA Case Number Purchaser(s) Sign
  26. 26. Write in the FHA Case Number Purchaser(s) Sign
  27. 27. Write in the Property Address Write in the FHA Case Number Write in Purchaser(s) Name(s) Initial Bottom of Page
  28. 28. Write in Purchase Price Shown on HUDHomeStore When the Bid Was Placed Purchaser(s) Sign and Date Write the FHA Case Number on Form Purchaser(s) Initial Both the Managing Broker and the Selling Agent Must Sign and Date
  29. 29. Write in the FHA Case Number Write in the Property Address Write in Purchaser(s) Name(s) Write in Purchaser(s) Phone Number(s)
  30. 30. Write in Buyer’s Agent’s Name Write in Listing Agent’s Name Write in Buyer’s Agent’s Phone Number Write in Listing Agent’s Phone Number
  31. 31. Write in Title Companys’ Name Write in Title Companys’ Primary Point of Contact’s Name. NOT YOUR CLOSER Write in Title Companys’ Phone Number Write in Title Companys’ Primary Point of Contact’s Phone Number.
  32. 32. Write in Title Companys’ Secondary Point of Contact’s Name. NOT YOUR CLOSER Write in Title Companys’ Secondary Point of Contact’s Phone Number.
  33. 33. Write in Title Companys’ Address. Make sure you use the address for the branch you are using. Write in Title Companys’ Email Address That They Are Utilizing for all HUD Contracts. NOT YOUR CLOSERS
  34. 34. Each Branch of a Title Company Must Register and Have Their Own Title ID HUD Title ID Number. This Will Be Assigned The First Time Any Branch of Any Title Company Closes a HUD Home Purchaser(s) Sign and Date
  35. 35. Lead Based Paint Disclosure If property was built prior to 1978, the three page Lead Based Paint Disclosure (LBP) form will be required with the contract packet. The LBP Disclosure form can be found under the“Addendums” tab of property details on HUDHomestore.com. • Manging Broker must initial one of the three financing types. • Purchaser(s) must initial two acknowledgements on page three, Managing Broker to initial third acknowledgement. • Both Purchaser(s) and Managing Broker must sign page three.
  36. 36. Buyer’s Prequalification Letter Must be on lender letterhead dated within thirty days of the bid date with no contingencies and include the following: Name of Purchaser Loan Type, Amount and Sales Price Must State Credit Has Been Reviewed and Approved Must State that a Written Application has been Made Name, Title, Contact Information and Original Signature of the Loan Officer Property Address and Case Number
  37. 37. Proof of Funds If the purchaser(s) is paying cash for the property they must show proof of available funds equal to or greater than the accepted bid amount. Proof of funds needs to be dated within thirty days of the bid date and signed by a bank official and include the case number and property address on it.
  38. 38. Earnest Money MUST be certified funds payable to the buyer selected title company or the buyer. (Unified Title or John Doe). The physical earnest money check, a copy of the sales contract and a copy of the Buyer Select Closing Agent Addendum MUST be delivered to the listing agent’s office within two business days of bid acknowledgement.
  39. 39. Your contract will not be executed and your bid will be cancelled if the earnest money is not delivered to the listing agent within two business days.
  40. 40. Where Do I Mail My Contract Packet? Contract package is due to HomeTelos two business days from bid acknowledgement. Double check your packet to be sure you have included the HUD contract, all the addenda, the lender letter or proof of funds and a copy of the earnest money. Then overnight the package to: HomeTelos, L.P. Attn: HUD Contract Review 5040 Addison Circle, Suite 300 Addison, TX 75001

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