Fill - Free fillable GNND Sales Package Please fill in ALL information (BLB Resources, Inc.) PDF form

3P – Rev.  All previous versions are obsolete.

3P: CT, ME, MA, NH, NJ, NY, RI, VT

GNND Sales Package

Please fill in ALL information in the fields below to populate the GNND Package. The contract package should be

completed and signed by the purchaser(s) and Selling Broker prior to submitting an offer. If the bid is accepted,

the completed contract package and COPY of the Earnest Money Deposit must be received by BLB

Resources within 2 business days of provisional bid acceptance. The ORIGINAL Earnest Money Deposit

must be received by the Listing Agent within 2 business days of bid acceptance.

Property Information

FHA Case Number:

Property Address:

(Street Address, City, State, Zip Code, and County)

Purchaser(s) Information

Purchaser(s) Legal Name: 1. 2.

Purchaser(s) SSN/EIN: 1. 2.

Purchaser(s) Phone Number: 1. 2.

Title Style (Deed):

Title Name(s) and Style:

Purchaser Address:

Purchaser City/State/Zip:

Selling Agent/Broker Information

Brokerage Name:

Broker Name:

Brokerage EIN: NAID:

Brokerage Address: City/St/Zip:

Brokerage Phone:

Selling Agent’s Name:

Selling Agent’s Cell: Agent Email:

Purchase Information ALL amounts MUST match the provisionally accepted bid

Line 3 - Purchase Price: Earnest Money Deposit:

Line 5 - Closing Costs: Maximum Closing Costs:

Line 6a - Selling Broker Commission:

Line 6b - Listing Broker Commission:

Line 7 - Net to HUD: Date of Offer (mm/dd/yyyy):

Financing Type: FHA 203(b) FHA 203(b) Repair Escrow - in the amount of:

FHA 203(k) Conventional Loan Cash

Hold as Back-up: YES NO

Lead-based Paint Addendum Attached YES NO

If the property was built prior to 1978, the Lead-based Paint Addendum must be included. To access this

addendum, visit

www.HUDHomeStore.com and view the “Addendums” tab for the case number.

Closing Agent/Escrow Company Information

Company Name:

Company Address: City/St/Zip:

Escrow Officer’s Name: Phone:

Email: Title ID #:

Has company closed previous HUD transactions? YES NO

PLEASE NOTE: For GNND properties, the EMD is calculated as 1% of the purchase price, not less than $500

and not more than $2,000. Also, the “Employer Verification of Participant Employment” (page 14) and the

“Personal Information Questionnaire” (page 15) forms DO NOT auto-populate and must be manually completed,

either by scrolling to those pages and typing in the information before printing the completed sales package, or by

writing in the information by hand after the package has been printed.

Commissions must match HUDHomeStore.com Bid

Reset Form

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Print Package

3P – Rev. 10-17-16 All previous versions are obsolete.

3P: CT, ME, MA, NH, NJ, NY, RI, VT

GNND Sales Package

Please verify the information below by checking the boxes after the package has been printed and completed.

Please make a copy of your sales package prior to sending the original to BLB Resources via overnight delivery.

Errors and/or Omissions on the HUD 9548 Sales Contract may result in the cancellation of the provisional bid

acceptance. Corrections to the HUD Sales Contract will require a new original

to be sent overnight delivery

to BLB Resources.

HUD Sales Contract

 FHA Case Number is correct

 Purchaser’s Legal Name matches identification (e.g., Driver’s

License and Social Security card)

 Property Address includes city, state, and county

 All purchase amounts match the accepted bid

o Lines 3, 5, 6a, 6b, and 7

 Buyer Select Closing Agent entered on Lines 3 and 9

 Purchaser(s) initialed Line 12 of the sales contract

 Purchaser(s) signed and dated the sales contract (Line 13)

 Brokerage information including name, address, NAID, EIN, and

signature

 Selling Agent name and cell phone number is correct

Earnest Money Deposit

 COPY of Cashier’s Check (from a bank) or Postal Money Order is attached

 Cashier’s Check or Postal Money Order is made out to “[Buyer Select Closing Agent] OR [purchaser’s

name]”

 ORIGINA

L check or money order delivered to Listing Agent

Addenda

 Purchaser(s) signed the “Conditions of Sale” (page following the sales contract)

 Purchaser(s) and Broker signed and initialed the “Electronic Filing of HUD-9548 Contract Addendum”

 Purchaser(s) and Selling Agent and Selling Broker completed and signed the “Conflict of Interest

Certification”

 Purchaser(s) signed the “Radon Gas and Mold Notice Release Agreement”

 Purchaser(s) and Broker signed the “Individual Owner Occupant Certification”

 Purchaser(s) and Broker signed and initialed the “Lead-Based Paint Addendum” AND the “Additional LBP

Information Receipt Addendum” if property was built prior to 1978

 Purchaser(s) signed the “Forfeiture and Extension Policy”

 Purchaser(s) signed the “For Your Protection: Get a Home Inspection” form

 Purchaser(s) and Broker signed the state agency disclosure form. Please note this is your state/local Buyer

Representation or Agent Disclosure Agreement, not a BLB Resources form or a HUD form.

 Purchaser(s) and Selling Agent signed the “Buyer Select Closing Agent Addendum”

 Purchaser(s) and Selling Agent signed the “Flood Zone Property Disclosure and Addendum” if property

located in FEMA Flood Zone

 Purchaser(s) and Selling Agent signed the “Agreement to Execute a Second Mortgage and Note”

 Purchaser(s) employer completed and signed the “Employer Verification of Participant Employment”

 Purchaser(s) completed the “Good Neighbor Next Door Sales Program Personal Information Questionnaire”

 Purchaser(s) completed and signed the appropriate Officer, Teacher, or Firefighter/Emergency Responder

Pre-Qualification Questionnaire

 Purchaser(s) signed and included the Property Condition Report

 Completed “U.S. Dept. of HUD Closing Instructions and Certification” Addendum must be signed by

Buyer Select Closing Agent and included

 Purchaser(s) completed and signed “Attachment A: Note”

 Purchaser(s) completed and signed “Attachment B: Second Mortgage”

Prequalification Letter or Certification of Cash Funds

 Dated within 30 days prior to bid acceptance

 Prequalification Letter is attached for financed sales

 Prequalification Letter includes purchaser(s) name, amount of prequalification, type of loan, escrow amount

(if any), and lender’s contact information, including loan officer’s email address, on lender’s letterhead

 If this is a cash sale – Certification of cash funds is included (bank statement)

Overnight Package to:

400 Galleria Officentre,

Suite 420

Southfield, MI 48034

(248) 356-4711

3P Most Common Sales Contract Package Errors. Rev. 4-2-18 Previous editions are obsolete. Page 1 of 2

3P: CT, ME, MA, NH, NJ, NY, RI, VT

Most Common Sales Contract Package Errors

Please triple check your sales contracts and avoid these common errors.

1. White out is absolutely NOT allowed anywhere on the sales contract page (Form HUD-9548). Errors can

be corrected by crossing it out and having the buyer(s) initial next to it.

2. Line 1 – The name(s) of the buyer(s) must match the electronic bid submission.

• If the name(s) was spelled incorrectly during bid submission, please correct the name(s) on the

contract and provide a copy of the Buyer’s SSN card.

• If additional buyer(s) are being added on the purchase, please submit the “Request to Add

Purchaser” addendum with the contract package.

3. Line 2 – Vesting style must be filled in, including name and vesting/title style.

4. Line 3 – Do not leave the earnest money line blank, please enter correct amount:

• For properties with a sales price of $50,000 or less, the EMD amount should be $500.

• For properties with a sales price greater than $50,000, the EMD amount should be $1000.

• For vacant lots, EMD is based on disposition list price:

i. For vacant lots with a list price less than $1,000, EMD is 50% of list price

ii. For vacant lots with a list price of $1,000 or more, EMD is $500

iii. For vacant lots with a list price of $50,000 or more, EMD is $1,000

• For GNND properties, the EMD amount should be 1% of list price (not less than $500, and not to

exceed $2,000).

5. Line 4 – Financing type must match listed insurability type of the property.

• A property listed Uninsurable (UI) may not be purchased with FHA financing, unless it specifically

states it is eligible for 203(k) financing.

• If 203(b) repair escrow financing is being used, the “repair escrow amounting to $” line must state

“TBD”.

• If purchaser is utilizing the $100 down payment option on an IN, IE, or 203k eligible property,

please enter $100 on the down payment line.

6. All money amounts on lines 3, 5, 6a, 6b, and 7 must match the bid submitted on the HUDHomestore.com

website. These amounts are included in the bid acceptance email sent by BLB Resources.

7. Line 8 – Purchaser type MUST match bid. Investors who inadvertently bid as an owner occupant must

cancel and resubmit bid.

8. Line 9 – Escrow timeframes:

• 30 days for Cash/Hard Money purchasers

• 45 days for Owner Occupants or Investors using FHA 203(b), 203(b) repair, or conventional

financing; or for Non-profit organizations

• 60 days for Owner Occupants using 203(k) financing

3P Most Common Sales Contract Package Errors. Rev. 4-2-18 Previous editions are obsolete. Page 2 of 2

3P: CT, ME, MA, NH, NJ, NY, RI, VT

Most Common Sales Contract Package Errors

9. Line 12 – Buyer(s) must initial. Initials must be wet ink.

10. Line 13 – Buyer must print and sign. Signatures must be original wet signatures. BLB Resources

recommends all signatures and initials be made in blue ink to more easily identify that they are original

wet signatures.

11. Brokerage information (name, address, EIN/SSN, NAID, phone number, and BROKER signature) must be

included in the Certification of Broker section. The Broker signature must be wet ink.

• If the Broker registered to the NAID is not able to sign the package, they may designate another

Broker to sign on their behalf. This REQUIRES a Broker authorization letter, which must be on

Brokerage letterhead, case specific, and Broker of Record (the broker registered to the NAID)

must sign. A scanned copy of this signature is acceptable, but cannot be docu-signed.

12. LBP Addendum Disclosure – If the property is built prior to 1978, a LBP addendum is required. This form

is only to be signed and initialed by the Broker and Buyer. Selling Agent does not sign this form. Please

have Broker initial proper financing type.

13. Additional LBP Information Receipt Addendum – If the property is built prior to 1978, the Additional LBP

Information Receipt Addendum is also required. This form is only to be signed and initialed by the Broker

and Buyer. Please have buyer initial all required options.

14. PCR – Must be signed by buyer and included in the sales package.

15. BSCA Closing Instructions and Certification – This form is to be completed only by the escrow

officer/closing agent. If the escrow company/closing agent has not closed a HUD transaction in the past,

please include the escrow company’s/closing agent’s E&O insurance and State business license for faster

processing of Title ID.

16. Electronic Filing of HUD-9548 Contract Addendum – pertains to the Buyer; please ensure the buyer

initials the appropriate line.

17. EMD Checks – EMD check must be payable to BOTH the buyer’s selected escrow company/closing agent

and the purchaser. Payee must read “(Insert escrow company/closing agent) OR (insert purchaser name)”.

The EMD check must be delivered to the assigned LLB within 2 days of bid acceptance.

18. Forfeiture and Extension Policy – Must be signed and initialed by the Buyer and Selling Agent on all

required fields/pages.

19. For Your Protection: Get a Home Inspection – The buyer(s) must initial the appropriate line.

20. Proof of Funds, Pre-Qualification Letter, and/or Gift Letter must:

• Be dated within the past 30 days;

• Cover the amount of the purchase price;

• Be in the buyer’s name (or gift letter must be attached);

• Include the loan type and escrow amount on the pre-qual letter; and

• Be printed on lender’s letterhead with loan officer’s contact information.

ref. Handbook 4000.1 form HUD-9548 (8/2016)

Previous editions are obsolete

U.S. Department of Housing

and Urban Development

Office of Housing

Federal Housing Commissioner

Instructions for

Sales Contract

Property Disposition Program

OMB Approval No. 2502-0306 (exp. 04/30/2020)

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, and unsigned

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 the insured 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 or applying 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 dollar amount 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 be considered as an investor. If purchaser qualifies for

discount, enter percent. Discount will be reduced by amounts, if any, on Line Items 5 and 6. (Do not enter discounted price

on contract.)

Item 9: Enter in accordance with HUD's instructions.

Item 10: Enter appropriate back-up offer information.

Item 11: Enter if an addendum is to be attached to and made a part of this contract.

Note: Addendum not previously approved by Seller may not be made a part of this Contract. Approved addendum must be

signed by, and in the same style as, those signing as Purchaser(s).

Item 12: Purchaser(s) must initial in appropriate space.

Other: a. Failure of the Purchaser to perform in accordance with this contract may cause the Seller to retain all or a portion of the

earnest money deposit. Broker must be certain this is fully explained to and understood by the Purchaser(s).

b. Enter Selling Broker’s Name and Address Identifier (NAID). If broker has not been issued a SAMS NAID, complete forms

SAMS-1111, Payee Name and Address, and SAMS-1111-A, Real Estate Broker Certification, along with

required documentation, and attach to this contract. Contact HUD's local designated representative.

c. The Broker is required to inform Purchaser of the Conditions of Sale on the reverse of the Sales Contract, and particularly

of Purchaser's right and responsibility for satisfying itself as to the full condition of the property prior to submitting an offer

to purchase and that Seller will provide no warranty or perform any repairs after acceptance of the Contract.

Signatures: Sign Original, leaving carbon inserts intact, making certain that the signature(s) appears on all copies.

Transmittal:Forward the Original with Copies 1 and 2 to HUD's designated representative. Copies 3 and 4 are to be retained by Broker

and Purchaser as information copies. Upon acceptance, HUD's designated representative will return the signed Copy 1 to

Broker for delivery to Purchaser(s). HUD's designated representative will retain Copy 2.

Public reporting burden for this collection of information is estimated 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. This information is

required to obtain benefits. HUD may not collect this information, and you are

not required to complete this form, unless it displays a currently valid OMB

control number. This information is required in order to administer the Property

Disposition Sales Program (24 CFR Part 291). The collection of information is

required in order to provide a binding contract between the property purchaser

and HUD. A real estate broker or one of its agents completes this form. If this

information were not collected, HUD would not be able to administer the

Property Disposition Sales Program properly to avoid waste, mismanagement,

and abuse. While no assurances of confidentiality are pledged to respondents,

HUD generally discloses this data only in response to a Freedom of Information

request.

Privacy Act Statement: The

Depar

tment of Housing and Urban Development is

authorized to collect this information by the National Housing Act, Section 235(b), P.L.

479, 48 Stat. 12 U.S.C. 1701 et seq. HUD is authorized to collect the Social Security

Number (SSN) by Section 165(a) of the Housing and Community Development Act of

1987, P.L. 100-242, and by Section 904 of the Stewart B. McKinney Homeless Assistance

Amendments Act of 1988, P.L. 100-628. The information is being collected to determine

the amount of assistance (if any) the applicant is entitled. The information is also used as a

tool for managing the program(s) related to this form, and for protecting the Government’s

financial interests. The information may be used to conduct computer-matching

programs to check for underreported or unreported income. The SSN is used as a

unique identifier. The information may be released to appropriate Federal, State, and local

agencies, and when relevant, to civil, criminal, or regulatory investigators and/or

prosecutors. This information will not be otherwise disclosed or released outside of HUD

except as permitted or required by law. It is mandatory that you provide all of the requested

information, including all SSN(s), for you and all other household members age six years

and older. Failure to provide SSN(s) and required documents will result in a delay or loss of

assistance payments.

ref. Handbook 4000.1 form HUD-9548 (8/2016)

Previous editions are obsolete

Broker's Business Name & Address: (for IRS reporting) (include Zip Code) Broker's EIN or SSN: (include hyphens) SAMS NAID:

Signature of Broker: Broker's Phone No:

Type or print the name and phone number of sales person:

Purchaser(s): (type or print names & sign) Purchaser(s) Address:

Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EIN) (include hyphens) Phone No: Date Purchaser(s)Signed Contract:

Seller:

Secretary of Housing and Urban Development By: (type name & title, & sign) Date Contract Accepted by HUD:

U.S. Department of Housing and Urban Development

Office of Housing

Federal Housing Commissioner

HUD Case No.

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, Real Estate Broker Certification,

which he/she has executed and filed with Seller.

This section for HUD use only. Broker notified of: Authorizing Signature & Date:

Acceptance Back-Up No. _____________________

Rejection Return Earnest Money Deposit X

Sales Contract

Property Disposition Program

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:

_______________________________________________________________________________________________________________________ .

(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

name(s) and style: _________________________________________________________________________________________________________ .

3. The agreed purchase price of the property is ...........................................................................................................> 3. $ ________________________

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

earnest money deposit shall be held by___________________________________________________________ .

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.

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 ........> 5. $ _______________________

6a. Upon sales closing, Seller agrees to pay to the broker identified below a commission (including

selling bonus, if offered by seller) of ......................................................................................................................> 6a. $ _______________________

6b. If broker identified below is not the broad listing broker, broad listing broker will receive a commission of: ....

6b. $ _______________________

7. The net amount due Seller is (Purchase price [Item 3] less Items 5 and 6) ............................................................> 7. $

8. 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.

9. Time is of the essence as to closing. The sale shall close not later than ____________ days from Seller’s acceptance of contract. Closing shall

be held at the office of Seller’s designated closing agent or _______________________________________________________________________ .

10. If Seller does not accept this offer, Seller

may

may not hold such offer as a back-up to accepted offer.

11. Lead based paint addendum

is not attached; Other addendum is

is not attached hereto and made part of this contract.

12. 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:_______

13. 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.

Listing Agent until ratification and then

✔

: /

ref. Handbook 4000.1 form HUD-9548 (8/2016)

Previous editions are obsolete

Conditions of Sale

A. All assessments, including improvement assessments which are

available for payment without interest or penalty for advance pay-

ment, taxes, rent, and ground rent, if any, shall be prorated as of the

closing date.

B. Seller makes no representations or warranties concerning the

condition of the property, including but not limited to mechanical

systems, dry basement, foundation, structural, or compliance

with code, zoning or building requirements and will make no

repairs to the property after execution of this contract. Pur-

chaser understands that regardless of whether the property is

being financed with an FHA-insured mortgage, Seller does not

guarantee or warrant that the property is free of visible or hidden

structural defects, termite damage, lead-based paint, or any

other condition that may render the property uninhabitable or

otherwise unusable. Purchaser acknowledges responsibility for

taking such action as it believes necessary to satisfy itself that the

property is in a condition acceptable to it, of laws, regulations and

ordinances affecting the property, and agrees to accept the prop-

erty in the condition existing on the date of this contract. It is

important for Purchaser to have a home inspection performed on

the property in order to identify any possible defects. If FHA

insured financing is used, up to $200 of the cost to perform the

inspection may be financed into the mortgage. Names of home

inspection companies can be found in the yellow pages of your

telephone directory under the heading “Home Inspection Services.

C. If financing is involved in this transaction (Item 4), Purchaser agrees

that should he/she/it fail to provide documentation indicating that

proper loan application was made in good faith within 10 calendar

days of the date this contract was accepted by Seller, and/or

thereafter otherwise to put forth good faith efforts to obtain necessary

financing, Seller shall have the option of rescinding this contract and

retaining all or a portion of Purchaser's earnest money deposit.

D. Seller may rescind this contract and return all or a portion of

Purchaser's earnest money deposit under the following conditions:

1. Seller has not acquired the property.

2. Seller is unable or unwilling to remove valid objections to the title

prior to closing.

3. Seller determines that purchaser is not an acceptable borrower.

Tender of the deposit shall release the Seller from any and all claims

arising from this transaction.

E. Purchaser may not perform repairs nor take possession of the prop-

erty until sale is closed. Risk of loss or damage is assumed by Seller

until sale is closed, unless Purchaser takes possession of the property

prior thereto, in which case State law shall apply. (1) If sale involves

FHA insured financing and after damage the property no longer

meets the intent of Minimum Property Standards (MPS), Seller may,

at its option, perform repairs or cancel the contract and return

Purchaser’s full earnest money deposit. If, after damage, the prop-

erty still meets the intent of MPS, Purchaser has the option of

accepting the property as-is, with a purchase price adjustment at

Seller’s sole discretion, or cancelling the contract and receiving

refund of full earnest money deposit. (2) If sale does not involve

FHA insured financing, Seller will not repair damage but may, at

Seller’s sole discretion, reduce the sale price. Purchaser has option

to cancel the contract and receive refund of full earnest money

deposit. Tender of the earnest money shall release Seller from any

claims arising from this transaction.

F. If this property is being offered with FHA insured mortgage financ-

ing available, Seller's acceptance of this contract constitutes a

commitment to insure, conditioned upon Purchaser being determined

by Seller or Direct Endorsement Underwriter to be an acceptable

borrower and further conditioned upon Seller's authority to insure the

mortgage at the time the sale is closed.

G. Purchaser understands that Seller's listing price is Seller's esti-

mate of current fair market value.

H. No member of or Delegate to Congress or Resident Commissioner

shall be admitted to any share or part of this contract or to any benefit

that may arise therefrom, but this provision shall not be construed to

extend to this contract if made with a corporation for its general

benefit.

I. Purchaser and Seller agree that this contract shall be binding upon

their respective heirs, executors, administrators, successors or as-

signs but is assignable only by written consent of the Seller.

J. If this property was constructed prior to 1978, Seller has inspected for

defective paint surfaces (defined as cracking, scaling, chipping,

peeling or loose paint on all interior and exterior surfaces). Seller’s

inspection found no defective paint surfaces, or if defective paint

surfaces were found, Seller has treated or will treat such defective

surfaces in a manner prescribed by Seller prior to closing. Purchaser

understands and agrees that the Seller’s inspection and/or treat-

ment is not intended to, nor does it guarantee or warrant that all

lead-based paint and all potential lead-based paint hazards have

been eliminated from this property. Purchaser acknowledges that

he/she/it has received a copy of a pamphlet which discusses lead-

based paint hazards and has signed, on or before the date of this

contract, the Lead-Based Paint Addendum to Sales Contact - Prop-

erty Built Before 1978. Purchaser understands that the Lead-Based

Paint Addendum must be signed by all Purchasers and forwarded to

Seller with this contract. Contracts which are not in conformance

with these requirements will not be accepted by Seller.

K. The effective date of this contract is the date it is accepted (signed)

by the Seller.

L. If the amount stated in Item 5 exceeds actual and typical financing

and/or closing costs, such excess shall not be paid by Seller and may

not be used by Purchaser to reduce amount(s) due Seller.

M.Seller’s policies and requirements with regard to earnest money

(including forfeiture thereof), extensions of time in which to close

the sale, back-up offers, and allowable financing and/or closing costs

are detailed in instructions issued to selling brokers.

N. Seller makes no representations or guarantees that the property will,

in the future, be eligible for FHA insured mortgage financing,

regardless of its condition or the repairs which may be made.

O. Warning: Falsifying information on this or any other form of

the Department of Housing and Urban Development is felony.

It is punishable by a fine not to exceed $250,000 and/or a

prison sentence of not more than two years. (18 U.S.C. 1010,

3559; 3571)

P. This contract contains the final and entire agreement between Pur-

chaser and Seller and they shall not be bound by any terms, condi-

tions, statements, or representations, oral or written, not contained in

this contract.

Rev. 5-22-15

Electronic Filing of HUD-9548 Contract Addendum

Date:

FHA Case Number:

Purchaser(s) and Broker have elected to use the HUD-9548 contract form electronically downloaded and printed for

the submission of their bid ______________________________ (confirmation number) for the following property:

Street Address (include city, state, zip code, county):

By doing so, all parties to this agreement hereby certify, warrant, and represent that in no manner has any of the

information and/or content of the 9548 contract been altered. Furthermore, they certify, warrant, and represent that

this is a true and correct copy of the 9548 contract.

The broker and purchaser(s) agree that (i) they have read and understand their responsibilities, as stated in the

“Conditions of Sale,” which is a part of the HUD-9548 Sales Contract and (ii) no contract or binding agreement

exists unless and until a written HUD-9548 Sales Contract, executed by the U.S. Department of Housing and Urban

Development is returned to the purchaser.

All parties to this agreement knowingly execute this addendum with full understanding that “falsifying information

on this or any other form of the Department of Housing and Urban Development is felony. It is punishable by a fine

not to exceed $250,000 and/or a prison sentence of not more than two years (18 U.S. C. 1010, 3559, 3571).”

Purchaser(s), please INITIAL one of the following:

_____ I/we are NOT a licensed Real Estate Agent/Broker or my Owner, Principal or Spouse is not a licensed Real

Estate Agent/Broker.

_____ I/we ARE a licensed Real Estate Agent/Broker or my Owner, Principal or Spouse is a licensed Real Estate

Agent/Broker. Please also initial one of the following:

_____ I/we are NOT affiliated with any HUD Local Listing Brokers (LLBs).

_____ I/we ARE affiliated with any HUD Local Listing Brokers.

Please note that, for purposes of this certification, purchaser is considered affiliated if their brokerage

shares the same EIN and/or ownership as any HUD LLB, or is an immediate family member or

management official of any LLB.

Certification of Accuracy

The following parties have reviewed the information above and certify that to the best of their knowledge it is true

and accurate. The following parties also agree to all the terms and provisions hereof.

________________________________________________________ _______________________

Purchaser’s Name (print & sign) Date

________________________________________________________ _______________________

Purchaser’s Name (print & sign) Date

________________________________________________________ _______________________

Broker/Agent’s Name (print & sign) Date

Conflict of Interest

Certification

FHA Case Number _______________________ Selling Agent ___________________________________

Property Address (include city, state, zip) ____________________________________________________

Purchaser(s) __________________________________________________________________________

Purchaser certifies that he/she IS ______ or IS NOT_______ an Employee, Immediate Family Member,

Management Official, and/or Affiliated Entity of any of the following person(s)/entities:

1. BLB Resources, Inc.

2. Other HUD Asset Managers (AMs)

3. Appraiser for any HUD AM

4. HUD Local Listing Broker (LLB), including

but not limited to branch offices with the

same EIN and/or ownership

5. HUD Field Service Manager (FSM)

6. Buyer’s Selected Closing Agent

7. HUD (except for employees who have no

involvement in the management and oversight of

HUD-owned properties or HUD’s marketing and

management vendors, or a person related by

blood, law, or marriage to such a HUD

employee, IF employee submits an original or

fax copy of form HUD-50001 “HUD

Employee/Relative Home Purchaser

Certification” signed by the Director of the Office

of Single Family Asset Management)

For the purposes of this certification, the following terms are defined:

Immediate Family Members include any person, whether by blood, law, or marriage, who is: (1) a

spouse, domestic partner, child, sibling, or parent of a Management Official of any of the above entities;

or (2) the spouse or domestic partner of children, siblings or parents of the Management Official.

A Management Official is the owner, partner, principal, shareholder, director, officer, employee, agent,

representative, or any individual who directs the daily operations of an entity.

Affiliated Entity is any entity: (1) controlling, controlled by, or under common control with one of the

above entities; or (2) whose Management Officials are an immediate family member of a Management

Official of one of the above entities.

If Purchaser IS an Employee, Immediate Family Member, Management Official, and/or Affiliated Entity of

one of the above person(s)/entities, complete the following fields:

__________________________________________________________________________________

Relationship (e.g. parent, employee, Affiliated Entity, etc.)

__________________________________________________________________________________

Person(s)/Entity with whom Purchaser is related/affiliated (e.g. BLB Resources, Inc. employee;

appraiser for a HUD AM, etc.)

Purchaser, Selling Agent, and Selling Broker acknowledge that purchase of a HUD home by an Employee,

Immediate Family Member, Management Official and/or Affiliated Entity of one of the above

person(s)/entities may be deemed a conflict of interest, and may result in one or more of the following

penalties: 1) cancellation of the purchaser’s contract, 2) forfeiture of the purchaser’s earnest money

deposit, 3) removal of the LLB from the LLB network, and/or 4) loss of Selling Broker’s bidding privileges.

_________________________________________________ ____________________

Purchaser Signature (Required) Date

_________________________________________________ ____________________

Purchaser Signature (Required) Date

_________________________________________________ ____________________

Selling Agent Signature (Required) Date

_________________________________________________ ____________________

Selling Broker Signature (Required) Date

Radon Gas and Mold Notice U.S. Department of Housing

and Release Agreement and Urban Development

Office of Housing

Federal Housing Commissioner

Property Case #:

Property address:

PURCHASERS ARE HEREBY NOTIFIED AND UNDERSTAND THAT

RADON GAS AND SOME MOLDS HAVE THE POTENTIAL TO CAUSE

SERIOUS HEALTH PROBLEMS.

Purchaser acknowledges and accepts that the HUD-owned property described above (the “Property”) is being

offered for sale “AS IS” with no representations as to the condition of the Property. The Secretary of the U.S.

Department of Housing and Urban Development, his/her officers, employees, agents, successors and assigns (the

“Seller”) and [insert name of M & M Contractor], an independent management and marketing contractor (“M & M

Contractor”) to the Seller, have no knowledge of radon or mold in, on, or around the Property other than what may

have already been described on the web site of the Seller or M & M Contractor or otherwise made available to

Purchaser by the Seller or M & M Contractor.

Radon is an invisible and odorless gaseous radioactive element. Mold is a general term for visible growth of fungus,

whether it is visible directly or is visible when barriers, such as building components (for example, walls) or

furnishings (for example, carpets), are removed.

Purchaser represents and warrants that Purchaser has not relied on the accuracy or completeness of any

representations that have been made by the Seller and/or M & M Contractor as to the presence of radon or mold and

that the Purchaser has not relied on the Seller’s or M & M Contractor’s failure to provide information regarding the

presence or effects of any radon or mold found on the Property.

Real Estate Brokers and Agents are not generally qualified to advise purchasers on radon or mold treatment or its

health and safety risks. PURCHASERS ARE ENCOURAGED TO OBTAIN THE SERVICES OF A

QUALIFIED AND EXPERIENCED PROFESSIONAL TO CONDUCT INSPECTIONS AND TESTS

REGARDING RADON AND MOLD PRIOR TO CLOSING. Purchasers are hereby notified and agree that they

are solely responsible for any required remediation and/or resulting damages, including, but not limited to, any

effects on health, due to radon or mold in, on or around the property.

In consideration of the sale of the Property to the undersigned Purchaser, Purchaser does hereby release, indemnify,

hold harmless and forever discharge the Seller, as owner of the Property and separately, M & M Contractor, as the

independent contractor responsible for maintaining and marketing the Property, and its officers, employees, agents,

successors and assigns, from any and all claims, liabilities, or causes of action of any kind that the Purchaser may

now have or at any time in the future may have against the Seller and/or M & M Contractor resulting from the

presence of radon or mold in, on or around the Property.

Purchaser has been given the opportunity to review this Release Agreement with Purchaser’s attorney or other

representatives of Purchaser’s choosing, and hereby acknowledges reading and understanding this Release.

Purchaser also understands that the promises, representations and warranties made by Purchaser in this Release are a

material inducement for Seller entering into the contract to sell the Property to Purchaser.

Dated this ____ day of ____________, 20__.

Purchaser’s Signature Purchaser’s Signature

Purchaser’s Printed Name Purchaser’s Printed Name

Form HUD-9548-E (6/2004)

ADDENDUM TO THE SALES

CONTRACT

U.S. Department of Housing and Urban

Development

Property Disposition Program Office of Housing

Federal Housing Commissioner

Warning: Falsifying information on this or any other form of the Department of Housing and Urban

Development is a felony. It is punishable by a fine not to exceed $250,000 and/or a prison sentence of not

more than two years.

______________________________________________________________________________________

Individual Owner-Occupant Certification

I/We,____________________________________________________________________

submit this offer to purchase the property located at

Property address:

_________________________________________________________________________

as an owner-occupant purchaser. I/We certify that I/we have not purchased a HUD-owned

property within the past 24 months as an owner-occupant. This offer is being submitted with the

representation that I/we will occupy the property as my/our primary residence for at least 12

months.

Purchaser's

Name

Signature & Date:

_______________________________________________

Purchaser's

Name

Signature & Date:

_______________________________________________

______________________________________________________________________________________

Broker Certification

I certify that I have not knowingly submitted the HUD-9548, Sales Contract, for the above listed property,

on behalf of an investor purchaser. I further certify that I have discussed the penalties for false certification.

Broker's

Name

Signature & Date:

_______________________________________________

______________________________________________________________________________________

ref. Handbook 4310.5 form HUD-9548-D (1/98)

HUD Forfeiture & Extension Policy – 3P: CT, ME, MA, NH, NJ, NY, RI, VT

3P Revised 9-28-18 Page 1 of 3

FHA Case Number: ________________

Property Address: __________________________________________________________________

All HUD Property Disposition sales of HUD-acquired properties are to close within the following timeframes of

acceptance of a HUD-9548 (1/99) Sales Contract offer to purchase:

• 30 days for all Cash/Hard Money purchasers

• 45 days for 203(b), 203(b) repair, or conventional financing

• 45 days for Non-profit purchasers

• 60 days for 203(k) financing

Forfeiture of Earnest Money Deposits Purchaser(s) ________ Selling Agent: ______

The failure by a Purchaser to close on the sale of property within the allowable period, including any extensions

approved by HUD, may result in the forfeiture of the entire earnest money deposit, except where special

circumstances exist. These situations will need to be documented and granted by HUD.

Investor Purchasers

1. Please note the 15-day inspection period applies to owner-occupant purchasers only. Investors may inspect the

property but will forfeit the entire earnest money deposit regardless of the inspection results.

2. Uninsured Sales – The purchaser will forfeit the entire earnest money deposit for failure to close within the

allotted time, regardless of the reason.

3. Insured Sales – The purchaser will forfeit fifty percent (50%) of the earnest money deposit for failure to close if

the purchaser is determine by HUD or Direct Endorsement underwriter to be an unacceptable buyer. The

purchaser will forfeit the entire earnest money deposit if sale fails to close for any other reason.

Owner-Occupant Purchasers

The purchaser will receive a refund of the entire earnest money deposit under the following circumstances:

1. There has been a death in the immediate family (contract holder, spouse, or children living in the same

household).

2. There has been a recent serious illness in the immediate family that has resulted in significant medical expenses

or substantial loss of income, thus adversely affecting the purchaser's financial ability to close the sale.

3. There has been a loss of job by one of the primary breadwinners, or substantial loss of income through no fault

of the purchaser.

4. For Insured sales, HUD (or a Direct Endorsement underwriter using HUD guidelines) determines that the

purchaser is not an acceptable borrower.

5. For Uninsured sales, the purchaser was pre-approved for mortgage financing in an appropriate amount by a

recognized mortgage lender and, despite good faith efforts, is unable to obtain mortgage financing. "Pre-

approved" means a commitment has been obtained from a recognized mortgage lender for mortgage financing

in a specified dollar amount sufficient to purchase the property.

6. For other good cause, as determined by HUD.

On an uninsured sale, the purchaser will forfeit fifty percent of the earnest money deposit in those instances where,

despite good faith efforts by the purchaser, there is an inability to obtain a mortgage loan from a recognized

mortgage lender.

On either type of sale, the purchaser will forfeit the entire earnest money deposit in those instances where no

supporting documentation is submitted, where the documentation fails to provide an acceptable cause for the buyer's

failure to close, or where documentation is not provided within a reasonable time following contract cancellation.

Earnest Money Deposit (EMD) Requirements

For properties with bids accepted prior to 9-28-18, the amount of EMD required will be:

• $500 for properties with a sales price of $50,000 or less

• $1,000 for properties with a sales price greater than $50,000

• For vacant lots, EMD is based on disposition list price:

o For vacant lots with a list price less than $1,000, EMD is 50% of list price

o For vacant lots with a list price of $1,000 or more, EMD is $500

HUD Forfeiture & Extension Policy – 3P: CT, ME, MA, NH, NJ, NY, RI, VT

3P Revised 9-28-18 Page 2 of 3

o For vacant lots with a list price of $50,000 or more, EMD is $1,000

• For GNND properties, the EMD is 1% of the list price (not less than $500 and not to exceed $2,000)

For properties with bids accepted on/after 9-28-18, the amount of EMD required will be:

• $500 for properties with a sales price of $50,000 or less

• $1,000 for properties with a sales price greater than $50,000 but less than $250,000

• $2,000 for properties with a sales price equal to or greater than $250,000

• For vacant lots, EMD is based on disposition list price:

o For vacant lots with a list price less than $1,000, EMD is 50% of list price

o For vacant lots with a list price of $1,000 or more, EMD is $500

o For vacant lots with a list price of $50,000 or more, EMD is $1,000

• For GNND properties, the EMD is 1% of the list price (not less than $500 and not to exceed $2,000)

Earnest money deposits must be in the form of a cashier’s check or U.S. Postal Money Order made payable to

BOTH “Buyer Selected Closing Agent or Buyer(s) name.” A COPY of the EMD check is to be submitted with

the completed sales package to BLB Resources within two (2) business days of bid acceptance, and the ORIGINAL

EMD must be submitted to the Local Listing Broker (LLB) assigned to the property within two (2) business days of

bid acceptance. Please note that no Money Gram or Western Union money orders will be accepted.

PLEASE NOTE: If the transaction is cancelled prior to ratification of sales contract, the earnest money will be

returned to the Real Estate Broker via certified mail unless otherwise noted below. BLB Resources, Inc. will NOT

be held liable for any lost or misplaced checks.

US Certified Mail UPS Airborne Fed-Ex

Overnight Account Number:__________________________________________________

Extension Request Requirements Purchaser(s) ________ Selling Agent: ______

If scheduled closing dates cannot be met, purchasers may request extensions of the closing time. BLB Resources,

Inc. may grant extensions in intervals of fifteen (15) days upon written request from the purchaser. Extensions of

time to close the sale are entirely within Seller’s discretion.

If granted, the following conditions apply:

• A written request for extensions must be received by BLB Resources, Inc. no later than five (5) calendar days

before the expiration of the sales contract.

• Documentation submitted with the extension request must state the cause of delay and must demonstrate

evidence that a closing is imminent. Contracts that exceed the expiration date are subject to cancellation.

• Extension fees are non-refundable if the closing does not occur.

• At closing, unused extension fees will be prorated to the Purchaser and refunded by escrow.

• The granting of one extension shall not obligate the Seller to approve additional extensions, and the Seller shall

declare a Default for the Purchasers’ failure to close the sale upon the expiration of the original closing period

or upon the expiration of the extension.

• Extensions will be for a period of fifteen (15) calendar days. Fees will be based on the Contract Sales Price of

the property:

o $10 per day for properties with sale prices $25,000 or less

o $15 per day for properties with sale prices from $25,001 to $50,000

o $25 per day for properties with sale prices greater than $50,000

• Extension requests must be submitted to BLB Resources at the following address. Enclosed fees must be in the

form of a certified check or money order.

BLB Resources, Inc.

Attn: Closing Dept.

400 Galleria Officentre, Suite 420

Southfield, MI 48034

HUD Forfeiture & Extension Policy – 3P: CT, ME, MA, NH, NJ, NY, RI, VT

3P Revised 9-28-18 Page 3 of 3

Allowable Closing Costs-Line 5 of Sales Contract (HUD 9548-1/99)

Upon closing of a HUD-owned single-family property, the Department will allow to be deducted from its proceeds,

purchaser financing and closing costs considered to be reasonable and customary in the jurisdiction where the

property is located. Form HUD-9548 (Sales Contract-Property Disposition Program), shall be used to reflect the

total dollar amount HUD is expected to pay towards a purchaser's financing and closing costs. However, in no event

may the costs exceed three percent (3%) of the property's gross purchase price. If the total closing costs reflected on

the HUD 1 settlement statement are less than the amount indicated on the sales contract, HUD will reimburse only

the actual costs charged and will not credit the purchaser with any difference either in cash or through a purchase

price. Within the three percent (3%) allowance, HUD will reimburse loan origination fees up to one percent (1%) of

the mortgage. However, on an FHA 203(k) rehabilitation mortgage, HUD will reimburse one and a half percent

(1.5%) of the mortgage.

Seller Disclosure

Seller makes no representations or warranties concerning the condition of the property, including but not limited to

mechanical systems, dry basement, foundation, structural, or compliance with code, zoning or building requirements

and will make no repairs to the property after execution of this contract. Purchaser understands that regardless of

whether the property is being financed with an FHA-insured mortgage, Seller does not guarantee or warrant that the

property is free of visible or hidden structural defects, termite damage, lead-based paint, mold, or any other

condition that may render the property uninhabitable or otherwise unusable. Purchaser acknowledges responsibility

for taking such action as it believes necessary to satisfy itself that the property is in a condition acceptable to it, of

laws, regulations and ordinances affecting the property and agrees to accept the property in the condition existing on

the date of this contract. Seller disclosure concerning HOA dues, Mello Roos taxes, assessments, or any tax

concerning HUD homes is based on available information but is not deemed complete or accurate. It is the

responsibility of the purchaser to obtain all information concerning these issues.

Walk-Thru Inspection

All Purchasers are strongly encouraged to conduct a walk through inspection PRIOR to the close of escrow. If a

Purchaser discovers a property condition that did not exist at the time of sale they must immediately notify HUD’s

property manager, BLB Resources, Inc. of the damage. Reporting of the damage does not guarantee the correction

of the problem that was discovered. Each case will be looked at, and a determination will be made as to whether the

damage will be repaired or proper credits given at the close of escrow if those repairs or credits are deemed to be in

the best interest of the Dept. of HUD. The purchaser assumes full responsibility for the property and its condition on

the date of close of escrow. The Department assumes no responsibility and will make no settlement, for damages

reported to HUD after the close of escrow. (See item # 13.E of HUD Sales Contract).

Offer Exceeding Appraised Value Purchaser(s) ________ Selling Agent: ______

I/we understand that if our offer exceeds the FHA Appraised AS-IS value and the property is being purchased with

FHA Financing, I/we will be responsible for the difference in cash.

Buyer Certification

I/we certify that I/we have read and understand all three pages of this addendum and declare that I/we have been

interviewed by a HUD approved Lender who has completed a loan application, verified employment, and obtained a

full credit report.

I/we acknowledge this policy and by signing below I/we understand I/we will forfeit our earnest money deposit if

we enter into this agreement without properly completing this qualification process.

Signatures:

_______________________________________________________________________

(Purchaser) (Date)

________________________________________________________________________

(Purchaser) (Date)

________________________________________________________________________

(Selling Agent) (Date)

form HUD-92564-CN (12/03)

US Department of Housing

and Urban Development (HUD)

Federal Housing Administration

OMB Approval No: 2502-0538

(exp. 06/30/2006)

For Your Protection: Get a Home Inspection

Name of Buyer (s) _________________________________________________________________________________________________________

Property Address _________________________________________________________________________________________________________

_________________________________________________________________________________________________________

Why a Buyer Needs a Home Inspection

A home inspection gives the buyer more detailed information

about the overall condition of the home prior to purchase. In a

home inspection, a qualified inspector takes an in-depth,

unbiased look at your potential new home to:

• evaluate the physical condition: structure, construction, and

mechanical systems

• identify items that need to be repaired or replaced

• estimate the remaining useful life of the major systems,

equipment, structure, and finishes

Appraisals are Different from Home

Inspections

An appraisal is different from a home inspection. Appraisals

are for lenders; home inspections are for buyers. An

appraisal is required for three reasons:

• to estimate the market value of a house

• to make sure that the house meets FHA minimum property

standards/requirements

• to make sure that the house is marketable

FHA Does Not Guarantee the Value or

Condition of your Potential New Home

If you find problems with your new home after closing,

FHA can not give or lend you money for repairs, and FHA

can not buy the home back from you.

Radon Gas Testing

The United States Environmental Protection Agency and

the Surgeon General of the United States have

recommended that all houses should be tested for radon.

For more information on radon testing, call the National

Radon Information Line at 1-800-SOS-Radon or

1-800-767-7236. As with a home inspection, if you

decide to test for radon, you may do so before signing

your contract, or you may do so after signing the contract

as long as your contract states the sale of the home

depends on your satisfaction with the results of the radon

test.

Be an Informed Buyer

It is your responsibility to be an informed buyer. Be sure

that what you buy is satisfactory in every respect. You

have the right to carefully examine your potential new

home with a qualified home inspector. You may arrange

to do so before signing your contract, or may do so after

signing the contract as long as your contract states that

the sale of the home depends on the inspection.

I/we understand the importance of getting an independent home inspection. I/we have considered this before signing a

contract with the seller for a home. Furthermore, I/we have carefully read this notice and fully understand that FHA

will not perform a home inspection nor guarantee the price or condition of the property.

______ I/We choose to have a home inspection performed.

I/We choose not to have a home inspection performed.

X X

Signature & Date Signature & Date

This section for BLB Resources, Inc. use only

BLB Resources Processed by: ________________________ Date:______________

Approved Denied

3P Rev 10-11-16 All previous versions are obsolete. © BLB Resources, Inc. 2016 All rights

reserved.

3P: CT, ME, MA, NH, NJ, NY, RI, VT

Additional LBP Information Receipt Addendum

This form is required for properties built before 1978.

Completed form must be submitted with original contract package upon bid acceptance. Form may also be

required after contract ratification if additional LBP information becomes available. If form is submitted separately

from original contract package, please fax to (248) 301-6647 or email to

3Paddenda@blbresources.com.

FHA Case Number __________________________________

Property Address (include city, state, zip)

______________________________________________________________________________________________________________

Purchaser(s) ______________________________________________________________________________

Selling Broker _____________________________________________________________________________

Selling Agent __________________________________ Agent Phone ________________________________

BLB Resources has provided all available LBP information on this property to the Selling Broker. Purchaser(s)

must initial to indicate receipt of this information, which includes the following (as applicable):

_____ LBP Disclosure Form HUD 9545-Y Seller has records or reports pertaining to LBP and/or LBP hazards

_____ LBP Disclosure Form HUD 9545-Z Seller has no records or reports pertaining to LBP and/or LBP hazards

_____ Property Condition Report (PCR), full copies of all of LBP inspection reports, risk assessment reports,

and/or other reports and records pertaining to LBP and/or LBP hazards

_____ Copy of the EPA-approved pamphlet, “Protect Your Family from Lead in Your Home”

Additional information on the Lead Disclosure Rule may be obtained from the National Lead Information Center

by calling 1-800-424-LEAD (5323) or by visiting EPA’s website at

http://www2.epa.gov/lead.

Acknowledgement and Agreement

By signing below, Selling Broker acknowledges that BLB Resources has provided the LBP information on this

property to Selling Broker, and that Selling Broker has provided this information to the purchaser(s).

By signing below, Purchaser(s) acknowledge that Selling Broker has provided this information to purchaser(s) and

that Purchaser(s) have reviewed the available LBP information.

________________________________________________________ __________________

Purchaser Signature (Required) Date

________________________________________________________ __________________

Purchaser Signature (Required) Date

________________________________________________________ __________________

Selling Broker Signature (Required) Date

3P: CT, ME, MA, NH, NJ, NY, RI, VT

Agreement to Execute a Second

Mortgage and Note

Good Neighbor Next Door (GNND) Participants agree to own and live in the property as their sole

residence for a period of three (3) years. Participants agree to execute a second mortgage and note for the

amount of the discount. No interest or payments are due on this “silent second” provided the GNND

participant fulfils the three year occupancy requirement. Participants are required to certify annually that

they are living in the property. Participants may not own any other residential real estate for three years

from the date of purchase of the GNND property. Failure to comply with this or any other GNND

requirement may result in the balance of the second mortgage becoming immediately due and payable.

At the end of the three year occupancy requirement, if GNND participant has met all other requirements,

the second mortgage will be released. Please review the GNND

requirements and second mortgage

information on HUD’s website for further details.

Property Information

FHA Case Number: __________________________

Property Address (include city, state & county):

__________________________________________________________________________________

Purchaser (s): ______________________________________________________________________

Selling Agent: ____________________________________ Agent Phone: _____________________

I / We agree to execute a second mortgage and note, for the amount of the discount, which HUD may call

at a later date if I / we fail to re-certify or comply with any other GNND requirements.

_____________________________________________________ __________________

Purchaser Signature (Required) Date

_____________________________________________________ __________________

Purchaser Signature (Required) Date

______________________________________________________ __________________

Selling Agent Signature (Required) Date

OMB Approval No. 2502-0570

U.S. Department of Housing and

Employer Verification of

(exp. 11/30/2020)

Urban Development

Participant Employment

Office of Housing

Property Disposition Program

Good Neighbor Next Door Sales Program

Federal Housing Commissioner

Public reporting burden for this collection of information is estimated to

Department is a felony. It is punishable by a fine not to exceed $250,000

and/or a prison sentence of not more than two years. Failure to adhere to

average 5 minutes per response, including the time for reviewing

instructions, searching existing data sources, gathering and maintaining

the residency and resale requirements may result in administrative

the data needed, and completing and reviewing the collection of

sanctions being taken against the Law Enforcement Officer, Teacher or

information. This information is required to obtain benefits. HUD may not

Firefighter/Emergency Medical Technician.

collect this information, and you are not required to complete this form,

Privacy Act Notice – The United States Department of Housing and

unless it displays a currently valid OMB control number.

Urban Development, Federal Housing Administration, is authorized to

This information is required in order to administer the Good Neighbor

solicit the information requested on this form by virtue of Title 12, United

Next Door Sales Program (24 CFR Part 291, Subpart F) and to

States Code, Section 1701 et seq. The Housing and Community

determine and document eligibility to participate in the program. If this

Development Act of 1987, U.S.C. 3543 authorized HUD to collect

information were not collected, HUD would not be able to administer the

Employer ID and/or Social Security Numbers. These numbers are used

Good Neighbor Next Door Sales Program properly to avoid waste,

to provide information to the IRS regarding payment of commissions or

mismanagement, and abuse. The information will be retained by the

other fees. HUD may also disclose this information to Federal, State,

Department as part of the transaction record for a property disposition

and local agencies when relevant to civil, criminal, or regulatory

transaction. Failure to provide this information could affect your

investigations and prosecutions. It will not be otherwise disclosed or

employee’s participation in HUD’s Good Neighbor Next Door Sales

released outside of HUD, except as required and permitted by law.

program.

Failure to provide the Employer ID Number or Social Security Number

Warning: Falsifying information on this or any other form of the

could affect your participation in HUD’s Property Disposition Program.

To the employer:

The individual named below has represented to the U.S. Department of Housing and Urban Development that he/she is

employed by your agency in one of the capacities identified below. The information must be verified by your agency as a

prerequisite to participation in the Good Neighbor Next Door Sales Program. Please check the appropriate box provided

below, sign/date where indicated and forward this form in the enclosed pre-addressed envelope. Participation in the

Good Neighbor Next Door Sales Program by the named individual is dependent on receipt of this Verification from your

agency.

Agency's Certification of Employment

I hereby certify that

Name:

Address:

Case #:

Is employed by the below-named agency and is: (check the appropriate box)

a Law Enforcement Officer who, for purposes of GNND Sales Program, is defined as an individual who is employed

full-time by a law enforcement agency of the Federal government, a State, a unit of general local government, or an

Indian tribal government and is sworn to uphold, and make arrests for violations of, Federal, state, tribal, county,

township, or municipal laws serving the above listed address; or

a Teacher, who, for purposes of the GNND Sales Program, is defined as an individual employed full time by a state

accredited public school or private school, as a classroom teacher in grades pre-K through 12 and that this agency

serves students from the community, neighborhood, or jurisdiction of the unit of general local government, or Indian

tribal government in which the home is located; or

a Firefighter/Emergency Medical Technician who, for the purposes of the GNND Sales Program, is

defined as an individual who is employed full-time as a firefighter or emergency medical technician by a fire

department or emergency medical services responder unit of the federal government, a state, a unit of

general local government, or an Indian tribal government serving the above listed address:

Print or type your name

Print or type your title

Agency Name

Agency Address

Telephone Number

Your signature

Date

Previous edition is obsolete

ref. Handbook 4000.1

form HUD-9549-E

(3/2017)

GOOD NEIGHBOR U.S. Department of Housing

OMB Approval No. 2502-0570

NEXT DOOR and Urban Development

(Expires 11/30/2020)

Sales Program Office of Housing

Personal Information Federal Housing Commissioner

Questionnaire

Public reporting burden for this collection of information is

estimated to average 2 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. This

information is required to obtain benefits. HUD may not

collect this information, and you are not required to complete

this form, unless it displays a currently valid OMB control

number. This information is required in order to administer

the Good Neighbor Next Door Sales Program (24 CFR Part

291, Subpart F). The information is required in order to

determine and document eligibility to participate in the

program. This is an electronic form to be completed online.

The form will be automatically converted to a print form for

the selected participant’s signature as a record for compliance

enforcement. If this information were not collected, HUD

would not be able to administer the Property Disposition

Sales Program properly to avoid waste, mismanagement, and

abuse. The information will be retained by the Department as

part of the transaction record for a property disposition

action. Failure to provide this information could affect your

participation in HUD’s Good Neighbor Next Door Sales

program.

Warning: Falsifying information on this or any other form of

the Department is a felony. It is punishable by a fine not to

exceed $250,000 and/or a prison sentence of not more than

two years. Failure to adhere to the residency and resale

requirements may result in administrative sanctions being

taken against the Law Enforcement Officer, Teacher or

Firefighter/Emergency Medical Technician.

Privacy Act Notice – The United States Department of

Housing and Urban Development, Federal Housing

Administration, is authorized to solicit the information

requested on this form by virtue of Title 12, United States

Code, Section 1701 et seq. The Housing and Community

Development Act of 1987, U.S.C. 3543 authorized HUD to

collect Employer ID and/or Social Security Numbers. 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 ID Number or Social

Security Number could affect your participation in HUD’s

Property Disposition Program.

* Required Information

Personal Contact and Employer Information

* First Name * Middle Name or Initial

* Last Name

* Social Security Number

*Occupation

* Residential Street Address

* City *State

* Zip Code + Plus4 -

* Home Phone Number

* Current Residence

Own Rent Other

* Contact E-Mail Address

* Contact Fax Number

_____________________________________

* Work Phone Number

* Employer/Agency Name

* Employer Street Address

* City *

State

* Zip Code + Plus4 -

* Human Resources/Point of Contact Full Name

* Human Resources/Point of Contact Phone Number

* Human Resources/Point of Contact Fax Number

form HUD-9549

(3/2017)

GOOD NEIGHBOR U.S. Department of Housing

OMB Approval No. 2502-0570

NEXT DOOR and Urban Development

(Expires 11/30/2020)

Sales Program Office of Housing

Federal Housing Commissioner

Date:

SUBJECT: GOOD NEIGHBOR NEXT DOOR SALES PROGRAM – Participant Continuing

Eligibility Certification

REO Case No.:

Address:

Participant Name:

Closing Date:

Occupancy Start Date:

I CERTIFY THAT I OWN, AND SINCE THE AGREED UPON OCCUPANCY START

DATE, HAVE CONTINUOUSLY RESIDED IN THE ABOVE SUBJECT PROPERTY AS MY

SOLE RESIDENCE AND THAT I DO NOT OWN ANY OTHER RESIDENTIAL REAL

PROPERTY IN ACCORDANCE WITH THE DEPARTMENT OF HOUSING AND URBAN

DEVELOPMENT’S GOOD NEIGHBOR NEXT DOOR SALES PROGRAM.

SIGNATURE: __________________________________________

DATE: ________________________

WARNING: Falsifying information on this certification is a felony. It is punishable by a fine not to exceed

$250,000 and/or prison sentence of not more than two years. (18 U.S.C. 1010, 3559; 3571)

form HUD-9549-D

(5/2005)

Clear All

This section for BLB Resources, Inc. use only

BLB Resources Processed by: ________________________ Date:______________

Approved Denied

3P: CT, ME, MA, NH, NJ, NY, RI, VT

Buyer Select Closing Agent Addendum

All contracts will be subject to the “Buyer Select” closing agent program. The buyer will choose their own escrow

company. HUD will no longer pay for the escrow fee, which will be a buyer expense. Please note Lines 3 and 9 of

the HUD-9548 Sales Contract must be filled in with the closing agent listed on this form.

Earnest money deposit (EMD) checks (cashier’s check or postal money order only) must be made payable to

“buyer selected escrow company or Purchaser(s) name.” Original EMD checks must be delivered to the Local

Listing Broker (LLB) assigned to the property within two (2) business days of bid acceptance, and a copy of the

EMD must be included with the original contract package submitted to BLB Resources. Upon contract execution

by BLB Resources, the LLB will be instructed to deliver the EMD to the closing agent selected by the buyer.

Completed form must be submitted with original contract package upon bid acceptance. If form is submitted

separately from original contract package, please fax to (248) 301-6647 or email to

3PBSP@blbresources.com.

I / We agree the EMD is being held undeposited by the LLB and within 48 hours of a ratified sales contract, EMD

will be delivered to the closing agent/escrow company listed on this form. I / We authorize BLB Resources to

release a copy of the sales contract and addenda for the following property to the closing agent/escrow company

listed below.

Property Information FHA Case Number __________________________________

Property Address (include city, state, zip)

______________________________________________________________________________________________________________

Purchaser(s) ______________________________________________________________________________

Selling Agent __________________________________ Agent Phone ________________________________

Closing Agent / Escrow Company Information

Company Name ___________________________________________________________________________

Mailing Address (include city, state, zip)

______________________________________________________________________________________________________________

Escrow Officer ________________________________ Phone ______________________________________

Email Address _____________________________________________________________________________

Has this company ever closed a transaction on a HUD-owned property? Yes No

If yes, please enter Title ID # _____________________

If no, please attach copy of escrow company’s state license and insurance.

________________________________________________________ __________________

Purchaser Signature (Required) Date

________________________________________________________ __________________

Purchaser Signature (Required) Date

________________________________________________________ __________________

Selling Agent Signature (Required) Date

Page 1 of 4

U.S. Department of Housing and Urban Development (HUD)

Closing Instructions and Certification

The following are general settlement instructions and do not provide all specific instructions for sales

under special programs.

FHA Case Number: ______________________ Date of HUD’s Ownership: _________________________

Property Address: _______________________________________________________________________

Buyer(s) Name: _________________________________________________________________________

Amount of Discount Buyer Received: ___________%

Amount of Rental Money Due: $________________ Amount of Utility Payment Due: $_______________

As settlement/title company/agent, you must adhere to the following closing instructions to close this

sale between the US Department of Housing and Urban Development (HUD) and the buyer identified on

the attached executed sales contract. If you are unable to perform these tasks within the required time

frame (as defined on Line 9 of the HUD Form 9548), please notify the buyer’s Real Estate agent

immediately so the buyer can select a different settlement/ title company.

As a settlement/title company, you must meet all applicable local and state standards as well as those

required by HUD.

You must close this sale for only the buyer(s) identified on the executed sales contract, or

amendment/addendum which has been executed by the buyers and HUD’s delegated Asset Manager.

EARNEST MONEY: The Asset Manager has____has not_____included the earnest money with the fully

executed sales contract.

REAL ESTATE TAXES: Real estate taxes for the current year shall be pro-rated to the date of closing. HUD

will only pay for taxes currently due and will not pay or reimburse any party after closing if real estate

taxes are reassessed by local government. The last payment was made on _________ in the amount of

$________, which covers the following period of time: ___________ through___________.

HOMEOWNER ASSOCATION (HOA) FEES/DUES: HUD will pay for HOA fees/ dues pro-rated from the date

of HUD’s ownership through the date of closing. HUD will only pay for HOA fees/dues that are the

responsibility of HUD during its ownership. The last payment was made on _________ in the amount of

$________, which covers the following period of time: ___________ through___________.

RENTAL MONIES: You shall verify with the Asset Manager that all rental monies due HUD have been

collected outside settlement if the buyer is an approved HUD tenant. If any due amounts have not been

paid, you shall ensure such payment is made at time of closing.

SPECIAL PROGRAMS: HUD has a number of special programs, including the Good Neighbor Next Door

(GNND) Sales program, in which the buyer receives a discount off the purchase price, as indicated on the

executed sales contract. Such discounts are to be reflected of Line 507 of Form HUD-1, Settlement

Statement or Section L, Other Credits of the Closing Disclosure.

Further, some sales such as those under GNND require a second Note and Deed of Trust/ Mortgage

and/or a Land Use Restriction Addendum. If applicable to this sale, special instructions for the completion

of those documents are attached or will be supplied by the Asset Manager.

Page 2 of 4

For properties covered by an Asset Control Area (ACA) Agreement, the Asset Manager, will provide

additional closing instructions.

CLOSING COSTS: HUD will pay up to the amount on Line 5 of the executed sales contract, or up to 3% of

the sales price, whichever is less, towards reasonable and customary closing costs and the amount shall

be annotated on the HUD 1/Closing Disclosure in accordance with RESPA. Any unused portion will be

credited to HUD’s proceeds. (Customary Loan Origination Fee is up to 1% of the mortgage; 1.5% on a

203(k) loan)

Buyer Select Closing Fee: The purchaser is primarily responsible for any and all closing fees up to the

maximum allowed per State Law and Regulatory requirements. The buyer may apply amounts listed on

Line 5 of the sales contract for payment of closing fees.

Recording fees for the Special Warranty/Grant Deeds transferring ownership from HUD to the buyer as

stated on the executed sales contract, for the second Note/ Deed of Trust, if required for special HUD

programs, and for special addendums, if required, such as Land Use Restriction Addendum, are the

expense of the buyer. This expense may be covered from funds on Line 5 of the executed sales contract. If

the buyer did not request funds on line 5, the amount to cover the cost of recording shall be collected

from the buyer at closing.

HUD-1/CLOSING DISCLOSURE PREPARATION: You must accurately prepare the Preliminary HUD-1 or

Settlement Statement/Closing Disclosure and provide it to Asset Manager at least 5 business days in

advance of the scheduled closing date for their review, approval, and return prior to closing. This can be

accomplished electronically.

DEED PREPARATION: You must prepare a Special Warranty or Grant Deed (where applicable) and provide

it to the Asset Manager at least five (5) business days prior to the scheduled closing. The Deed can be sent

to Asset Manager electronically. Asset Manager will execute, notarize, and return the original Deed via

overnight delivery. Include a return address which is accessible by their overnight mail carrier.

EXTENSIONS: If an extension is required, the purchaser’s real estate broker will submit the required

closing extension request form, along with the extension fee, to the Asset Manager prior to expiration of

the sales contract. The Asset Manager will provide you with an electronic notification of the approval and

copy of the executed extension agreement which will provide you with the new contract expiration date.

The Asset Manager will also provide the amount of the extension fee that was collected. In no case shall a

closing take place on an expired contract.

WIRE PROCEEDS: You must wire proceeds to the US Treasury via FEDWIRE the day of but not later than

the next available banking day after closing, ensuring the amount matches that of the executed HUD-

1/Closing Disclosure. The Asset manager will provide specific wiring instructions, including the form to be

used.

DEED RECORDING: You must ensure the deed is delivered for recording to the appropriate county

recorder’s office no later than one (1) business day after closing.

NOTIFICATION OF CLOSING: You must notify the Asset Manager at

3PclosedHUDs@blbresources.com via

email on the day the closing has or has not occurred.

CLOSING PACKAGE: You must deliver a complete closing package to Asset Manager not more than three

(3) business days after the closing is completed. The post closing package shall include:

Page 3 of 4

• Final HUD-1/Closing Disclosure and the Certification;

• Copy of the wire of proceeds transfer confirmation;

• Evidence that the deed was delivered for recording;

• Copy of any invoice HUD paid at closing;

• Copy of disbursement log, accounting for all incoming and outgoing funds related to this

transaction; and,

• For special program sales: Original Note and copy of GNND or ACA Deed of Trust or Mortgage,

with evidence it was delivered for recording.

Submit closing package to:

BLB Resources, Inc.

400 Galleria Officentre, Suite 420

Southfield, MI 48034

3PclosedHUDs@blbresources.com

CANCELED SALE: If the sale is canceled and is not immediately rescheduled, the deed must be returned to

Asset Manager within two (2) business days of the original scheduled closing date. If the sale does not

close on the scheduled date, notify Asset Manager immediately via email (

3PclosedHUDs@blbresources.com) as

to the date the closing is rescheduled or if it has been canceled. If the sale has not been rescheduled or is

canceled, the Closing Company shall scan the original of the signed deed, marked VOID in large letters

across the front, and electronically deliver it to Asset Manager no later than the second business day after

a closing is cancelled. The original document will then be mailed to the Asset Manager that same day,

along with the earnest money deposit and extension fees that are in your possession.

FORFEITED EARNEST MONEY: Comply with the earnest money forfeiture policy that was signed by the

buyer(s) and is part of the executed sales contract package. Earnest money forfeitures are to be sent to

the Asset Manager, payable to HUD, within 4 business days of the earnest money disposition issued by

the Asset Manager or expiration of the contract whichever shall occur first.

Standards for Acceptable Closing Companies.

Buyer Selected Closing Companies (BSCC) must certify that they meet the following standards:

1. A BSCC must be an attorney, title company, or escrow company. In addition, any BSCC must meet all

requirements of state and local laws (e.g., if the property is in a state that bans attorneys from

conducting a closing, an attorney may not be used as a BSCC).

a) Use of attorneys - An attorney or law firm may act as a BSCC, provided that they are duly licensed

to practice law in the state where the property is located and state law allows an attorney to

facilitate Real Estate closings.

b) Use of title companies - A title company may act as a BSCC, provided that they are duly licensed

to do business in the state where the property is located, and are regulated by the State

Insurance Commission, or similar regulatory agency recognized by the State.

c) Use of Escrow Company - An escrow company may act as a BSCC, provided that they are duly

licensed to do business in the State where the property is located and meet all state legal and

regulatory requirements as a recognized and registered escrow company.

Page 4 of 4

2. Insurance and Closing Protection Letter requirement - Any BSCC must be covered by Errors and

Omissions Insurance of at least $1,000,000. Title companies shall provide a Closing Protection Letter

(CPL) to insure against any improper handling of HUD's proceeds or deed.

3. A BSCC must complete a one-time registration to receive a HUD issued Settlement Agent Identifier

number.

4. Conflict of Interest - A BSCC who has, or whose spouse, children or business associates have, a

financial interest in the property shall not be involved in the closing process. Financial interest

includes having an equity, creditor, lender, or debtor interest in any corporation, trust, or partnership

with a financial interest in the property.

5. Debarment or suspension - No attorney, Title Company, Escrow Company, or BSCC, currently

debarred, suspended, or otherwise excluded by Administrative Action from participating in Federal

programs, may participate in any aspect of the closing or title clearance process.

6. Non-Discrimination - No BSCC, employee, or person or entity otherwise authorized to act for a BSCC

agent may act in violation of Title VIII of the Civil Rights Act of 1968 (the "Fair Housing Act" Title VIII or

Public Law 90-284) or Executive Order 11063. BSCC’s, their employees, and any person or entity

otherwise authorized to act on behalf of a BSCC shall (1) refrain from discrimination on the basis of

race, color, creed, religion, sex, national origin, age or handicap; (2) instruct their staffs in the policies

of nondiscrimination and all applicable local, State, and Federal fair housing and non-discrimination

laws.

7. Failure to Abide by HUD’s Closing Instruction - HUD reserves the right to sanction or remove any

BSCC that does not abide by HUD’s Closing Instruction.

Warning: Falsifying information on this or any other form of the Department of Housing and

Urban Development is felony. It is punishable by a fine not to exceed $250,000 and/or a prison

sentence of not more than two years. (18 U.S.C. 1010, 3559; 3571)

You must certify below that you meet the above standards; you understand and will comply with these

general instructions and requirements. Subsequent instructions may be provided in writing on a case by

case basis by HUD through its Asset Manager.

Acknowledged ____________________________________ Date _______________________________

Printed Name ____________________________________ Telephone # _________________________

Principal Title _____________________________________ Email ______________________________

State License #____________________________________ HUD Identification # __________________

Escrow Officer

ATTACHMENT A

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

FHA GOOD NEIGHBOR NEXT DOOR PROGRAM

NOTE

$______________________ ______________, 20___

________________________________________________________________________

(Property Address)

1. BORROWER’S PROMISE TO PAY

(a) For valuable consideration that I have received, I, the Borrower, promise to pay

the sum of U.S. $______________________ (this amount being called “principal”),

together with interest as computed below, to the order of the Secretary of Housing and

Urban Development (“Secretary”) or (“Lender”). The initial principal balance of this

Note is the difference between the list price and the discounted sales price of the property

at the address shown above (the “Property”).

(b) I understand that the Lender may transfer this Note. The Lender or anyone to

whom this Note is transferred and who is entitled to receive payment under this note is

hereafter called the “Note Holder.”

2. INTEREST

I will have no obligation to pay interest upon the principal of this note unless I am in

default under the terms of paragraph 5 below, in which case I will pay interest at the

United States Treasury’s current value of funds rate in effect on the date of default.

3. PAYMENTS

(a) No regular monthly payments will be due under this Note.

(b) The principal balance of the loan will be reduced over the 36 month Owner-

occupancy period, according to the following formula:

The principal shall be reduced by 1/36

on the last day of each month following the

occupancy start date of [insert date of commencement of Owner-occupancy

period -- thirty (30), ninety ( 90), or one hundred eighty (180) days after

closing] ________________.

of the Note due and owing at the time of the default shall become immediately due and

payable.

(d) I will pay any amount that becomes due and payable under this Note to the Note

Holder at the address below, or at a different address if I am notified of a new address:

Address for payments and inquiries:

U.S. Department of Housing and Urban Development

National Servicing Center, Attn: GNND

Williams Center, Tower II

2 W. 2nd Street, Suite 400

Tulsa, OK 74103

Fax: (918) 292-8984

Toll free customer service no. for inquiries (including payoffs): (888) 297-8685

4. OWNER-OCCUPANCY TERM

I agree to own and live in the Property as my sole residence for a term of not less than

thirty-six (36) months, commencing on [insert date of commencement of Owner-

occupancy period -- thirty (30), ninety (90) or one hundred eighty days (180) days

after closing].

5. BORROWER’S FAILURE TO PAY AS REQUIRED

Default

I will be in default if:

(a) I cease to occupy the property as my sole residence prior to the end of the 36-

month Owner-occupancy period referred to in paragraph 4 of this Note, unless the Note

Holder expressly elects to waive this requirement for a specified period upon an

evaluation of the relevant facts and circumstances;

(b) I sell or transfer the Property prior to the end of the 36-month Owner-occupancy

period without the prior written consent of the Note Holder;

connection with the purchase of the Property through the Good Neighbor Next Door

Program (the “Program”);

(d) I violate or fail to fulfill any condition, requirement or continuing obligation

under the Program as set forth in applicable notices or regulations issued by the

Secretary;

(e) I falsely certify or fail to certify that I am occupying or will occupy the Property

as my sole residence for the 36 month Owner-occupancy term; or

(f) I give false or inaccurate information or statements to the Secretary (or fail to

provide the Secretary with material information) in connection with the second security

instrument (“mortgage”) securing payment of this Note or in connection with any first

note and mortgage, including, but not limited to, representations concerning my

occupancy of the Property as my sole residence.

6. NOTICE OF DEFAULT/ACCELERATION OF DEBT

If I am in default under paragraph 5, the Note Holder may send me a written notice

telling me that if I do not cure the default by a certain date, the Note Holder may require

me to pay immediately the full amount of the outstanding principal balance due under

this Note. The date of the cure must be no later than 30 days after the date on which the

notice is issued to me. Interest shall accrue on the principal as set forth in paragraph 2 of

this Note, as of the date of the default notice.

7. NO WAIVER BY NOTE HOLDER

Even if, at a time when I am in default, the Note Holder does not require me to pay in full

immediately and/or perform as described above, the Note Holder will still have the right

to do so if I am in default at a later time.

8. PAYMENT OF NOTE HOLDER’S COSTS AND EXPENSES

If the Note Holder requires me to pay immediately in full and/or perform as described

above, the Note Holder will have the right to collect from me for all of its costs and

expenses incurred in enforcing the provisions of this Note and its other rights to the

extent not prohibited by applicable law. These expenses may include reasonable

attorney’s fees.

9. GIVING OF NOTICES

(a) Any notice that must be given to me under this Note will be given by delivering

it, or by mailing it by first class mail, to me at the Property address above.

(b) Any notice that is to be given to the Note Holder under this Note will be given by

mailing it by first class mail to the Note Holder at the address stated in paragraph 3(d)

above or at a different address, if I am given notice of that different address.

10. WAIVERS

I waive the right of presentment. “Presentment” means presenting the note to the maker

and demanding payment of amounts due.

11. GOVERNING LAW; SEVERABILITY

The provisions of this Note shall be governed by Federal Law. In the event that any

provision or clause of this Note conflicts with applicable law, such provision shall not

affect other provisions of the Note, which can be given effect without the conflicting

provision. To this end, the provisions of this Note are declared to be severable. If any

provision of this Note, or the application thereof to any person, place or circumstance shall

be held by a court of competent jurisdiction to be invalid, unenforceable or void, the

remainder of this Note and other such provisions as applied to other persons, places and

circumstances shall remain in full force and effect.

WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.

_______________________ __________________________

(Borrower) (Borrower)

[Include any required or customary form of authentication]

ATTACHMENT B

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

FHA GOOD NEIGHBOR NEXT DOOR SALES PROGRAM

SECOND MORTGAGE

$_____________________ ______________, 20___

_________________________________________________________________________

(Property Address)

This Second Mortgage (“Security Instrument”) is given on ________________________,

___. The Mortgagor(s) is/are _______________________________________________, whose

address is _____________________________________________________

[property address]

(“Borrower”). This Security Instrument is given to the Secretary of Department of Housing and

Urban Development (“Secretary”), whose address is ___________________________________

(“Lender”). Borrower owes Lender the principal sum of

________________________________________ Dollars (U.S. $___________). This debt is

evidenced by Borrower’s Note (“Note”) dated the same date as this Security Instrument, which

provides for the circumstances under which the principal sum will become due and payable.

This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note

and in accordance with the terms of the Note, and (b) the performance of Borrower’s promises and

agreements under this Security Instrument and the Note. For this purpose, borrower does hereby

mortgage, grant and convey to the Lender, the following described property located in

___________________________________________County:

[insert legal description or statement regarding its attachment]

which has the address of ____________________________________________[Street],

____________________________________[City], ____________[State] __________[Zip Code].

(“Property Address”);

TOGETHER WITH all the improvements now or hereafter erected on the property, and all

easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water

rights and stock and all fixtures now or hereafter a part of the property. All replacements and

additions shall also be covered by this Security Instrument. All of the foregoing is referred to in

this Security Instrument as the “Property.”

BORROWER PROMISES that Borrower is lawfully seized of the estate hereby conveyed and

has the right to mortgage, grant and convey the Property and that the Property is unencumbered,

except for encumbrances of record. Borrower warrants and will defend generally the title to the

Property against all claims and demands, subject to any encumbrances or record.

1. Payment of Principal and Interest. Borrower shall pay, when due and payable, the

principal sum of the debt evidenced by the Note and according to the terms of the Note.

2. Occupancy. Borrower shall own and occupy, establish and use the Property as

Borrower’s sole residence and shall continue to occupy the Property as Borrower’s sole residence

for at least 36 (thirty-six) months, beginning on ________________________[insert date of

commencement of Owner-occupant period – thirty (30), ninety (90) or one hundred eighty

(180) days after closing] and ending on __________________________________[36 (thirty-six)

months after date of commencement].

3. Fees. Lender may collect fees and charges authorized by the Note.

4. Grounds for Acceleration of Debt. Lender may require immediate payment in full of

all sums secured by this Security Instrument as evidenced by the Note after any default by the

Borrower occurs as described in paragraph 5 of the Note.

5. Foreclosure Procedure. [For illustration only. Needs adaptation, per the instruction

relating to paragraph 18 of the model mortgage form in appendix II of HUD handbook 4165.1

REV-2.] If Lender requires immediate payment in full under Paragraph 4 above, Lender may

invoke the power of sale and any other remedies permitted by applicable law. Lender shall be

entitled to collect all expenses incurred in pursuing the remedies provided in the paragraph 5,

including but not limited to, reasonable attorney’s fees and cost of title evidence.

If Lender invokes the power of sale, Lender shall give notice to borrower in the manner

provided in paragraph 7 below. Lender shall publish and post the notice of sale, and the Property

shall be sold in the manner prescribed by applicable law. Lender or its designee may purchase the

property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all

expenses of the sale, including but not limited to, reasonable attorney’s fees; (b) to all sums

secured by this Security Instrument as evidenced by the Note; and (c) any excess to the person or

persons legally entitled to it.

[The following language is mandatory in all cases.] If the Lender’s interest in this Security

Instrument is held by the Secretary and the Secretary requires immediate payment in full under

Paragraph 4, the Secretary may invoke the nonjudicial power of sale provided in the Single Family

Mortgage Foreclosure Act of 1994 (“Act) (12 U.S.C.3751 et seq.) by requesting a foreclosure

commissioner designated under the Act to commence foreclosure and to sell the Property as

provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights

otherwise available to a Lender under this Paragraph 5 or applicable law.

6. Joint and Several Liability; Co- Signers. Borrower’s promises and agreements shall

be joint and several. Any borrower who is not a law enforcement officer, teacher or

firefighter/emergency medical technician who co-signs this Security Instrument, but does not

execute the Note is: (a) co-signing this Security Instrument only to mortgage, grant and convey

that Borrower’s interest in the Property under the terms of this Security Instrument; (b) not

personally obligated to pay the sums secured by the Security Instrument as evidenced by the Note;

that Lender and any other Borrower may agree to make any accommodations with regard to the

terms of this Security Instrument or the Note without the co-signing Borrower’s consent

7. Notices. Any notice that must be given to Borrower under this Security Instrument will

be given by delivering it or by mailing it by first class mail to Borrower at the Property address

above.

Any notice that may be given to the Lender under this Security Instrument will be given by

mailing it first class mail to the Lender at the address stated above or at a different address, if

Borrower is given notice of that different address.

8. Governing Law; Severability. This Security Instrument shall be governed by Federal

Law. In the event that any provisions or clauses of this Security Instrument or the Note conflicts

with applicable law, such conflict shall not affect other provisions of this Security Instrument or

the Note which can be given effect without the conflicting provision. To this end, the provisions

of this Security Instrument and the Note are declared to be severable.

9. Borrower’s Copy. Borrower shall be given one conformed copy of this Security

Instrument.

BY SIGNING BELOW, Borrower accepts and agrees to the terms of this Security

Instrument.

Witness(es): Borrower(s):

__________________________________ _________________________________

Questions regarding how to complete your sales contract package? Please contact our Customer Service

Department at (949) 261-9155, or email CSRDept@blbresources.com

. Please note BLB Resources does NOT

process utility activation requests. Please follow the instructions on the utility activation request form for your

property, and submit the form to the assigned FSM.

3P GNND Contract Package Additional Required Items Rev. 10-11-16

This sales package must also include the following items:

Earnest Money Deposit

• A COPY of the Certified Check or U.S. Postal Money Order in the correct amount:

o 1% of list price (not less than $500 and not to exceed $2,000)

• Check must be made payable to BOTH “[selected escrow company] OR [purchaser’s name]”

• ORIGINAL check or money order delivered to Listing Agent within 2 business days of bid acceptance

Prequalification Letter or Certification of Cash Funds

• Cash Buyers: Proof of funds (e.g. bank statement) must be equal to or greater than purchase price

• If obtaining financing, a valid prequalification letter or Loan Status Report (LSR) must be included

o Includes purchaser(s) name, type of loan, escrow amount (if any) and amount of prequalification

(equal to or greater than purchase price, proof of additional funds may be required if less than

purchase price)

o Must be on lender’s letterhead with lender’s contact info including loan officer’s email address

o Occupancy section of LSR must state property will be purchaser’s primary residence if owner-

occupant purchaser

Agency Disclosure Form

• State/local Buyer Representation or Agent Disclosure Agreement, not a BLB Resources or HUD form.

GNND Pre-Qualification Questionnaire

• Please include the appropriate Pre-Qualification Questionnaire:

o HUD-9549-A: Officer

o HUD-9549-B: Teacher

o HUD-9549-C: Firefighter/Emergency Responder

Additional Required Disclosures and Addenda

• Buyer Select Addendum

• Lead-Based Paint Disclosure Addendum and Additional LBP Information Receipt Addendum (if

property was built prior to 1978)

• Flood Zone Property Disclosure and Addendum (If property is located in a FEMA Flood Zone)

• U.S. Dept. of HUD Closing Instructions and Certification (signed by escrow officer) and Additional

Escrow Instructions

• Attachment A: Note

• Attachment B: Second Mortgage

Proof of Identity (Optional)

• May submit copies of documentation to show legal name entered on contract matches purchaser’s

identification (e.g., copy of driver’s license, passport, Social Security card, and/or recent paystub that

includes Social Security Number)

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