Fillable Printable Vba 26 6705 Are

Vba 26 6705 Are

OFFER TO PURCHASE AND CONTRACT OF SALE

(Continued on Reverse)

PURCHASE OFFER NO:

OMB Control No. 2900-0029

Respondent Burden: 20 Minutes

Expiration Date: 10/31/2017

SUPERSEDES VA FORM 26-6705, MAY 2011,

WHICH WILL NOT BE USED.

VA FORM

OCT 2014

26-6705

SECTION I - PURCHASER(S) INFORMATION

2A. NAME OF PURCHASER

INSTRUCTIONS TO BROKER - Follow the instructions of the Service Provider to submit offer.

The "Conditions of Sale" on the reverse of this Offer to Purchase and Contract of Sale and any required Attachments and Addendums to it executed by the purchaser(s) are

incorporated herein and are a part hereof. All parties hereto acknowledge they have read and understand the "Conditions of Sale" on the reverse of this Offer to Purchase

and Contract of Sale (and any required Attachments and Addendums) as evidenced by their signature(s) herein below.

SECTION III - ACCEPTANCE BY THE DEPARTMENT OF VETERANS AFFAIRS

Acceptance of this offer is hereby evidenced by my signature below and by the return to the Purchaser or Sales Broker of a copy hereof, so signed. (If the offer is not accepted it will not be signed

in Item 14A on behalf of VA and the prospective purchaser will be notified of the rejection.)

2B. ADDRESS OF PURCHASER (Include No., Street or rural route, City or

P.O. Box, State and ZIP Code)

3D. BUSINESS PHONE

1B. PROPERTY IDENTIFIER

3C. HOME PHONE

3B. ADDRESS OF PURCHASER (Include No., Street or rural route, City or

P.O. Box, State and ZIP Code) (If same as above write "SAME")

3A. NAME OF PURCHASER

1A. ADDRESS OF PROPERTY TO BE PURCHASED(Include No., Street or rural route, City or P.O. Box, State and ZIP Code)

4. STATE EXACT NAME(S) IN WHICH TITLE IS TO BE CONVEYED

5A. IS ANY PURCHASER A VETERAN?

(If "YES", complete Items 5B and 5C)

5B. SERVICE/SERIAL NUMBER5C. DATES OF LATEST SERVICE

N. INTEREST RATE

I. CASH EQUIVALENT VALUE OF TOTAL

OFFER (Item E + Item H)

B. ANY PERSON WHO HAS BEEN EMPLOYED BY THE SERVICE PROVIDER OR ANY OTHER ENTITY UNDER COMMON OWNERSHIP WITH

THE SERVICE PROVIDER WITHIN THE LAST 6 MONTHS.

(If "YES," is checked please give relationship)

5. DO YOU PLAN TO OCCUPY THE

PROPERTY?

C. ANY PERSON WHO AT ANY TIME WAS THE OWNER OF THE PROPERTY?

D. ANY PERSON WHO PREVIOUSLY PURCHASED A PROPERTY FROM VA?

SECTION II - TERMS OF PURCHASE, CERTIFICATIONS AND CONDITIONS OF TRANSMITTAL OF OFFER

10A. SIGNATURE OF PURCHASER11A. SIGNATURE OF SPOUSE OR CO-PURCHASER10B. DATE SIGNED11B. DATE SIGNED

14B. DATE ACCEPTED14A. THE SECRETARY OF VETERANS AFFAIRS

BY:TITLE:

12A. NAME AND ADDRESS OF REAL ESTATE FIRM

F. SALES BONUS

7. CASH OFFER8. TERM OFFER

BASED ON CORRECT CALCULATIONS, THE OFFER WHICH PROVIDES THE HIGHEST NET RETURN TO VA WILL BE ACCEPTED. ERRORS IN THE

COMPUTATION OF THE NET TO VA MAY RESULT IN THE OFFER BEING REJECTED AND ANOTHER OFFER ACCEPTED.

G. TOTAL DEDUCTIONS

A. OFFERED PRICE

B. DISCOUNT POINTS

E. COMMISSION

C. LOAN ORIGINATION FEE

D. CLOSING COSTS

PENALTY- The law provides severe penalties which include fine or imprisonment, or both, for the willful submission of any statement or evidence of a material fact, knowing it to be false.

A. OFFERED PRICE

D. TIMES (X) CASH EQUIVALENT FACTOR

H. NET TO VA (Item A - Item G)

C. AMOUNT OF VENDEE LOAN

REQUESTED (Item A - Item B)

E. CASH EQUIVALENT VALUE (CEV) OF

LOAN AMOUNT (Item C x Item D)

H. ADDITIONS TO CEV OF

LOAN AMOUNT (Item F + Item G)

F. PLUS (+) FUNDING FEE ( % of Item C)

G. PLUS (+) DOWNPAYMENT (Item B)

SALES

L. TOTAL DEDUCTIONS (Item J + Item K)

K. LESS (-) SALES BONUS

M. NET TO VA(Item I - Item L)

13B. DATE SIGNED13A. SIGNATURE OF PRINCIPAL BROKER OR AUTHORIZED REPRESENTATIVE

9. AMOUNT OF EARNEST MONEY DEPOSIT

B. LESS (-) DOWNPAYMENTDEDUCTIONS:

12B. NAME OF PRINCIPAL BROKER

12C. TAX ID OR SOCIAL SECURITY NUMBER

12D. NAME OF SALES PERSON

12E. TELEPHONE NUMBER

2D. BUSINESS PHONE

2C. HOME PHONE

I. PURCHASER(S) AGREE TO CLOSE WITHIN

DAYS AFTER OFFER IS ACCEPTED BY VA.

LISTING

SALES

LISTING

Privacy Act Notice: VA and the Service Provider will not disclose information collected on this form to any source other than what has been authorized under the Privacy Act of 1974 or Title 38,

Code of Federal Regulations 1.576 for routine uses (i.e., The information collected on this form will serve as an offer to purchase a VA-acquired property. The acquisition and sale of such property

is authorized by law (38 U.S.C. 3720 (a) (5)).) as identified in the VA system of records, 55VA26, Loan Guaranty Home, Condominium and Manufactured Home Loan Applicant Records,

Specially Adapted Housing Applicant Records and Vendee Loan Applicant Records - VA, and published in the Federal Register. Your obligation to respond is required to obtain or retain benefits.

Respondent Burden: We need this information to consider your offer to purchase a VA acquired property. Title 38, United States Code, allows us to ask for this information. We estimate that you

will need an average of 20 minutes to review the instructions, find the information, and complete this form. VA and the Service Provider cannot conduct or sponsor a collection of information

unless a valid OMB control number is displayed. You are not required to respond to a collection of information if this number is not displayed. Valid OMB control numbers can be located on the

OMB Internet Page at www.reginfo.gov/public/do/PRAMain

. If desired, you can call 1-800-827-1000 to get information on where to send comments or suggestions about this form.

O. NO. OF YEARSP. MONTHLY P @ I PAYMENT

J. LESS (-) COMMISSION

(Item B through Item F)

6. IS THE PROPERTY BEING PURCHASED DIRECTLY OR INDIRECTLY BY OR FOR ANY OF THE FOLLOWING PERSONS OR THEIR CLOSE RELATIVE?

(If any answer(s) for Items 6A through 6D is/are "YES," give a detailed statement of circumstances on a separate sheet. The term "Close relative" as used means the spouse, parents, children,

brother or sister, or any other relative who is a member of the purchaser's household.)

A. ANY PERSON WHO AT ANY TIME OBTAINED OR ASSUMED THE PAYMENT OF ANY LOAN MADE OR HELD BY VA OR GUARANTEED OR

INSURED BY VA UNDER CHAPTER 37, TITLE 38, U.S. CODE?

YES NO

NO YES

YESNO

SECTION IV - CONDITIONS OF SALE

12. I, the undersigned sales broker, have received from the prospective purchaser

(s) the deposit shown on the reverse which I am holding for the Department of

Veterans Affairs. I certify and agree that:

a. I am acting as Trustee of these funds which will be placed in my Trust

Escrow Account. If the purchase offer is not accepted by VA, the deposit

shall be returned to the prospective purchaser(s), without interest.

b. The statements of the prospective purchaser(s) shown on the reverse and in

the attached credit statement, if required, are believed to be true and correct. I

do not know of any loans, gifts, or financial assistance being made to the

prospective purchaser(s). I will disclose to VA any such information coming

to my attention if seller financing is involved.

c. The sales commission shall not be deemed earned unless and until the sale

is actually closed, and that the sales commission shall be payable in amount

and time as established by the Service Provider. In addition, sales

commissions may not be payable, if the purchaser(s) or co-purchaser(s) is/are

a person having an identity of interest in one of the following categories:

(1) Selling broker who has knowledge or has received a copy of either

the foreclosure or marketing appraisal;

(2) Person who has control over marketing decisions has knowledge or

has received a copy of the marketing analysis;

(3) Person who processes or evaluates offers;

(4) Spouses, parents, in-laws, children, stepchildren; brothers and sisters

of, and persons who reside with any of the above; and,

(5) The identity of interest's partners, employees and sales associates.

d. I am duly licensed to sell real estate by the appropriate governmental

agency in the area where this property is located.

e. Neither the broker nor any of his/her sales, management, or rental

personnel, employees, or others authorized to act for the broker will, in

violation of Title VIII of the Civil Rights Act of 1968 as amended (The Fair

Housing Act), or Executive Order 11063, decline to show or will

discriminate in the sale or rental of any property now or here after listed with

him/her. It is further agreed that the undersigned will:

(1) Instruct the staff in the policies of nondiscrimination and applicable

laws;

(2) Prominently display the Fair Housing Poster in all offices in which

sale or rental activity takes place;

(3) Use the approved Equal Housing Opportunity logo, slogan, or

statement in all advertising in conformance with Advertising guidelines

for Fair Housing;

(4) When advertising VA-acquired properties located in predominantly

white areas, utilize any available minority media (solely or in addition to

other media); and,

(5) Maintain a nondiscriminatory hiring policy in affirmatively

recruiting from both minority and majority groups for staff.

f. Non-compliance by the broker or any employee of his or her organization

with the laws, executive orders, or regulations, against discrimination in the

sale or rental of any property, or with this certification will be proper basis

for barring the undersigned from participation in the program of selling,

renting, or managing HUD or VA owned properties. I also understand that

such determination of debarment by either HUD or VA shall be honored by

both.

13. I offer to purchase the property herein described at the price and terms shown

on the reverse, subject to all the applicable conditions of this Contract of Sale

shown above and on the reverse which I have read and which constitute part of

my offer. I understand this property is subject to prior sale, change of price or

withdrawal from the market, and to approval and acceptance by the Department

of Veterans Affairs Service Provider.

14. Neither I, nor anyone authorized to act for me, will refuse to sell or rent, after

the making of a bona fide offer, or refuse to negotiate for the sale or rental of,

otherwise make unavailable or deny the dwelling or property covered by this offer

to purchase to any person because of race, color, religion, sex, familial status or

national origin. I recognize that any restrictive covenant on this property relating

to race, color, religion, sex, familial status, or national origin is illegal and void

and any such covenant is hereby specifically disclaimed. I understand that civil

action for preventative relief may be brought by the Attorney General of the

United States in any appropriate U.S. District Court against any person

responsible for the violation of the applicable law.

1. This Contract of Sale contains the final and entire agreement between the

parties hereto and they shall not be bound by any terms, conditions, statements, or

representations, oral or written, not contained in this contract. This Contract of

Sale is not assignable by the Purchaser(s).

2. Funding Fee Notice: Title 38, U.S. Code, Section 3729 requires that VA collect

a funding fee from each person who obtains a vendee (VA/ Seller financed) loan

to purchase a VA-acquired property. This fee must be paid in cash or certified

funds at closing. The fee may not be collected from a veteran who is receiving

compensation (or who, but for the receipt of retirement pay would be entitled to

receive compensation) or from a surviving spouse as described in 38 U.S.C. 3701

(b)(2).

3. Risk of loss or damage by fire or other causes is assumed by the Seller until the

sales transaction is closed.

4. Seller may rescind this contract and return the Purchaser's earnest money

deposit under any of the following conditions:

a. The property is damaged prior to the date of closing.

b. The Seller is unable to deliver the property vacant if so advertised.

c. The Seller is unable or unwilling to remove valid objections to title prior to

closing.

d. The Seller has not, and is unable to timely acquire title to the property.

e. The property is subject to outstanding redemption rights and such rights

are exercised. (In such cases the Seller shall be entitled to the redemption

money and shall return to the Purchaser(s) all payments made by him/her to

the Seller on account of this sale, without interest, less the fair rental value.)

f. Vendee financing is requested and the Seller determines the Purchaser(s)

is/are not (an) acceptable borrower(s).

5. The return of the earnest money deposited by the Purchaser(s) shall release the

Seller from any and all claims arising from this transaction.

6. The seller may retain all or a portion of the earnest money deposited herewith

as liquidated damages if the Purchaser(s) refuse(s), or otherwise fails to perform

in accordance with this Contract of Sale. Purchaser•'s failure to obtain mortgage

financing to complete the purchase will not be considered a failure to perform and

the earnest money deposit will be returned if the Purchaser(s) can show he/she

reasonably and diligently pursued such financing without undue extensions of

time.

7. Purchasers who request, but do not qualify for a VA Vendee (VA/Seller) loan

agree that the vendee loan processing fee will not be refunded.

8. If Vendee financing is requested, the Purchaser(s) will inform the Seller of any

changes in employment and/or financial position, including bankruptcy,

judgments, pending litigation, income tax liens, garnishments, and other similar

matters.

9. Closing shall be as soon as possible and within a reasonable time after

indication by the Seller of readiness to close. Seller will indicate place of closing

for Vendee financed loans. Purchaser(s) agree(s):

a. To pay sufficient money at closing, as determined by an escrow analysis as

required by Title 24 CFR 3500, for Seller to properly establish escrow

accounts to pay taxes, assessments, ground rents (if any), and hazard and

flood insurance required by the Seller.

b. To pay monthly, in addition to the monthly installments of principal and

interest shown for seller-financed sales, 1/12 of the annual charges that the

Seller reasonably anticipates paying from the escrow account for hazard

insurance, ground rents (if any), and any and all taxes and assessments now

or hereafter levied against the property, in order that the Seller may pay such

charges when due.

c. To pay for any examination of title or continuation of policies as he/she

may require, documentary stamps on the deed of conveyance by the Seller

and on all other closing instruments, recording taxes, recording fees, and any

other expenses incidental to the closing. Copies of any title evidence in the

possession of the Seller will be made available to the Purchaser(s) for

examination upon request. Said evidence will be delivered to Purchaser(s)

when loan is paid in full.

d. That all assessments, rents (if any), ground rents (if any), and taxes shall

be prorated as of the closing date, and the purchaser(s) will assume all taxes,

assessments, and ground rents (if any), due on and after the closing date.

e. To furnish hazard insurance (and flood insurance if required) policies

satisfactory to the Seller, with loss-payable clauses in favor of the Seller,

successors or assigns. Policies will be effective as of the closing date and will

be delivered to the Seller at closing along with receipts for the payment of the

first year premium.

10. The Seller/Service Provider will prepare, the instruments required for closing

the sale. At that time, the Seller/Service Provider, at the Seller/Service Provider's

option, will deliver the deed of conveyance. The deed will contain a covenant

which warrants against the acts of the Seller/Service Provider and all claiming by,

through, or under him or her conveying good title to said real estate subject to

easements, restrictions, and agreements of record. In a sales transaction financed

by VA, the deed will be delivered simultaneously with the execution and delivery

by the Purchaser(s) to the Seller/Service Provider of a mortgage, or deed of trust,

and note covering the balance of the purchase price. In a cash sales transaction,

the deed will be delivered simultaneously with the balance of the purchase price.

11. This sale is subject to the rights of any parties in possession.

SALES BROKER CERTIFICATION

PURCHASER(S) CERTIFICATIONS

VA FORM 26-6705, OCT 2014