Resolution 01-EDA150 - Laserfiche WebLink

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. The broker/agent will allow me to make a final inspection of this property 48 hours prior to closing. This is an "as-is" sale and HUD will not make repairs after closing. Failure to close may result in forfeiture of earnest money. In case of credit denial, all or part of the earnest money may be refunded. It is the broker/agent's responsibility to submit the credit denial letter to First Preston Foreclosure Specialists or Southeast Alliance of Foreclosure Specialists, within ten business days. Failure to do so will result in forfeiture of all earnest money. Closing agents will not release funds until processing is completed by the HUD office. Extensions must be requested before expiration of the contract. Contracts will be canceled if requests are made after the expiration. Extension fees are non-refundable. The broker may not give me keys to the property or allow me to occupy or make repairs to the property prior to closing. It is my responsibility to ascertain if Home Owner Association dues are required and the monthly amount of those dues if applicable. It is also my responsibility to ascertain if the property is located in a utility district, and the assessed tax rate and indebtedness of the district. If I am employed by the U.S. Department of Housing and Urban Development (HUD), or if I am related by blood, marriage, or law to a HUD employee, I must have prior approval before signing a HUD sales contract. . Broker advises Buyer that Buyer should have an Abstract covering the property examined by an attorney of Buyer's selection or Buyer should be furnished with or obtain a Title Policy. If a Title Policy is to be obtained, Buyer should obtain commitment for Title Insurance (the Commitment) which should be examined by an attorney of Buyer's choice at or prior to closing. All locks should be replaced or re-keyed at Purchaser's expense. HUD'S LISTED PRICE PURCHASER(S) MAY BID ABOVE OR BELOW HUD'S LISTED PRICE. HUD'S ORIGINAL LIST PRICE WAS BASED UPON AN APPRAISAL. PURCHASER(S) ACKNOWLEDGE THAT HUD'S LISTED PRICE OF THIS PROPERTY IS L!J.!lE..I!Q.~!L_______. C----) Buyer's Initials The property has been determined to be a hazardous building purs~g~t150 The above information was explained to the purchaser(s) by: M1.463. ~~f:' Sect1.on . to __~~~_~ppl~~_~~~~________ Signature of Broker/Agent Date I/We acknowledge receipt and understanding of the "PURCHASER'S RIGHTS AND RESPONSIBILITIES" addendum. ~~ Je~.J'}/t1L ~1") ~ Signature of Purchaser Date Signa ure of Pllrc ser _(P___1-_~-=-_Q_L_ Date . (5/99) ..