Fillable a. 1. Earnest Money Deposit (EMD) (required) The (BLB Resources, Inc.)

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a. 1. Earnest Money Deposit (EMD) (required) The (BLB Resources, Inc.)

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Questions regarding how to complete your sales contract package? Please contact our Customer Service Department at (248) 356-4711 or email
3PSalesContract@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 E-Signature Contract Package Additional Required Items Rev. 9-28-18
The E-Signature Contract Package must include the EMD and Proof of Funds/Pre-Qualification
Letter listed below. If any other items listed applies to your case, then please upload it. Only
upload the items applicable to your case. To upload these documents, please access the
checklist through the Accepted Bids tab in your
www.HUDHomestore.com bidder account.
Upload the respective documents to the respective section of the checklist.
1. Earnest Money Deposit (EMD) (required)
a.
A COPY of the Certified/Cashier’s Check or U.S. Postal Money Order in the correct amount:
i. For properties with bids accepted prior to 9-28-18, EMD will be:
1. $500 for properties with a sales price of $50,000 or less
2. $1,000 for properties with a sales price greater than $50,000
3. For vacant lots, EMD is based on disposition list price:
a.
For vacant lots with a list price less than $1,000, EMD is 50% of list
price
b. For vacant lots with a list price of $1,000 or more, EMD is $500
c. For vacant lots with a list price of $50,000 or more, EMD is $1,000
4. For GNND properties, the EMD is 1% of the list price (not less than $500 and
not to exceed $2,000)
ii. For properties with bids accepted on/after 9-28-18, EMD will be:
1. $500 for properties with a sales price of $50,000 or less
2. $1,000 for properties with a sales price greater than $50,000 but less than
$250,000
3. $2,000 for properties with a sales price equal to or greater than $250,000
4. For vacant lots, EMD is based on disposition list price:
a. For vacant lots with a list price less than $1,000, EMD is 50% of list
price
b. For vacant lots with a list price of $1,000 or more, EMD is $500
c. For vacant lots with a list price of $50,000 or more, EMD is $1,000
5. For GNND properties, the EMD is 1% of the list price (not less than $500
and not to exceed $2,000)
b. Made payable to “[Buyer Select Escrow Company] OR [purchaser’s name]” or just to “Buyer Select
Escrow Company”
i. Note: please reference the Buyer Select Escrow Company by name. For example, if the
company name is ABC Title and purchaser is John Doe, the check should be made payable
to “ABC Title or John Doe” or just to “ABC Title.”
c. ORIGINAL Cashier’s Check or Postal Money Order delivered to Listing Agent within 2 business
days of bid acceptance
Questions regarding how to complete your sales contract package? Please contact our Customer Service Department at (248) 356-4711 or email
3PSalesContract@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 E-Signature Contract Package Additional Required Items Rev. 9-28-18
2. Prequalification Letter or Certification of Cash Funds (required)
a.
If paying cash, proof of funds (e.g. bank statement) must be equal to or greater than purchase
price
b. If obtaining financing, a valid prequalification letter must be included
i. 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)
ii. Must be on lender’s letterhead with lender’s contact information, including loan officer’s
email address
3. Broker Authorization Letter (as needed)
a. If the designated broker for the NAID is unavailable to sign the contract, an alternative broker
may be authorized to sign instead by including the completed and signed Broker Authorization
Letter
4. Buyer Select Closing Agent License and E&O Insurance (required ONLY IF
PROMPTED)
a. If prompted in the Buyer Select Closing Agent section of the checklist, please upload the closing
agent’s active professional license and their current E&O Insurance. The file will not be able to
move forward if these documents are needed.
b. If you are not promoted, then the system already has their current information on file and it does
not need to be uploaded until it expires.
5. Investor documentation (as needed)
a. If purchaser is an LLC, please include articles of incorporation
b. If purchasing under a trust, please include trust documentation
c. Please note that HUD will NOT pay a sales commission to the Selling Agent/Broker if the Investor
Purchaser(s) is also the Selling Agent/Broker and/or affiliated with the Selling Agent/Broker.
Purchaser is considered affiliated if their brokerage or company shares the same EIN and/or
ownership as the Selling Agent/Broker, or if purchaser is an immediate family member of the
Selling Agent/Broker.
6. Agency Disclosure Form (optional)
a. This is your state/local Buyer Representation or Agent Disclosure Agreement, not a BLB Resources
or HUD form
Date: ________________
Sales Department
BLB Resources, Inc.
16845 Von Karman Avenue, Suite 100
Irvine, CA 92606
FHA Case #: ___________________________
Property Address: _______________________________________________________________
HUD Designated Broker: ______________________ / __________________ /
NAID# _____________ / License #: ________________
To Whom It May Concern,
As the HUD designated Broker, I hereby authorize the following licensed Broker(s) to sign the
HUD Sales Contract for the above referenced case number. This letter serves as authorization to
sign all addenda under the Broker section.
Name
Title
License #
Email Address
Thank you,
___________________
___________________
Delete the contents of this field, fill in remaining fields
(leaving this field blank) and print completed letter on
Brokerage Company's letterhead (include DBA, complete
business address, broker's phone, fax, and email)
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a. 1. Earnest Money Deposit (EMD) (required) The (BLB Resources, Inc.)

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Completed 9 February 2021

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