Hud contrato colorado

Instructions for Sales Contract
Property Disposition Program

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

OMB Approval No. 2502-0306 (exp. 3/31/2001)

This collection of information is required in order provide a binding contract between the property purchaser and HUD. The public reporting burden for this collection of information isestimated to average 30 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Responses to the collection are required in order to administer the Property Disposition Sales Program (24 CFR 203.375, 24 CFR 203.278, 24 CFR 291.100 - 291.30). The U.S.Housing Act of 1937, as amended, authorized the Department of Housing and Urban Development (HUD) to collect all the information on this form.

The Housing and Community Development Act of 1987, 42 U.S.C 3543 authorized HUD to collect Employer Identification Number and/or Social Security Number. These numbers are used to provide information to the IRS regarding payment of commissions or other fees.HUD may also disclose this information to Federal, State and local agencies when relevant to civil, criminal, or regulatory investigations and prosecutions. It will not be otherwise disclosed or released outside of HUD, except as required and permitted by law. Failure to provide the Employer Identification Number or Social Security Number could affect your participation in HUD's propertydisposition program. HUD may not conduct or sponsor, and a person is not required to respond to a collection of information unless it displays a currently valid OMB control number.

This Sales Contract, identified as form HUD-9548, must be prepared and transmitted in accordance with the following instructions. The form provides an original for fiscal and legal review, signed copy for the Purchaser, andunsigned information copies for the Purchaser, the selling Broker, and HUD's designated representative.. Remove this Instruction Sheet and type the HUD Case Number in the box in the upper right. Item 1: Type Purchaser(s) name and complete property address. Item 2: Enter name(s) and style in which title will be taken. Item 3: Enter Bid Amount and amount of earnest money Purchaser has deposited.Enter holder of earnest money deposit in accordance with Seller's instructions. Item 4: Enter when appropriate, strictly in compliance with Seller’s offering. If Seller has offered the property with insured financing available, and Purchaser is buying under such means, check the first block and the applicable type of insured financing, and complete the down payment and mortgage information. If theinsured mortgage involves a repair escrow (and has been so offered by Seller), also check the appropriate block and insert the amount of the repair escrow. Note: The amounts shown for “cash due at closing” and “balance by mortgage” do not include the FHA Mortgage Insurance Premium, prepaid expenses or closing costs Seller has agreed to fund into the mortgage. Note: If Purchaser is paying cash orapplying for conventional or other financing not involving FHA, check appropriate block. Item 5: Enter amount of financing/closing costs Seller is expected to pay. Note: If the amount stated in Item 5 exceeds actual and typical allowable financing and/or closing costs, such excess shall not be paid by Seller and may not be used by Purchaser to reduce amount(s) owing to Seller. Item 6: Enter dollaramount Seller is expected to pay, including any selling bonus if offered by Seller. The commission will be paid by Seller upon completion of closing. Item 7: Enter net amount due Seller (purchase price [Item 3], less Items 5 and 6). Contract will be awarded on the basis of the greatest acceptable net return to Seller. Item 8: Enter appropriate occupancy information. If left blank, Purchaser will...