How To Sign Oklahoma Advertising Agreement Template

Hud 9548 contract form

good morning good evening good afternoon welcome to the pemko tutorial video on how to use our contract auto populating software brand new at HUD pemko com under the forms tab you'll see that the forum's tab has been divided into areas make sure when you're looking for forms you click on the appropriate area I'm an area to a so I'll be clicking right here on this top link it opens up a list of all sorts of forms you'll see contract packages vandalism forms contract cancellation and so forth we are worried about our contract package so we're going to click this top link owner-occupant that's going to open up a PDF form ready to be electronically filled out by you you'll see at the top a big purple bar make sure you read the data on the top left please fill out the following form you cannot save data typed into this form please print your completed form if you would like a copy for your records that means make sure when you're filling this out that you have everything in and printed before you exit out because it will delete your information on the top right of the purple bar you'll see a button that says highlight fields this is an option that we've made available to you if you click it you'll notice it turns all appropriate lines blue that means hey some information should be entered here if you click it again it turns them off it's entirely up to you it's your option it's for your convenience make sure especially if this is your first time filling out this contract form you read this top paragraph it is imperative information please complete all information in the designated field shown below to auto populate the required fields of the sales contract the completed sales contract and supporting addenda must be signed by the purchaser and the earnest money deposit must be received by the selling agent prior to electronically submitting the offer if the bid is accepted the completed sales contract and supporting addenda along with the earnest money deposit must be received by pemko within 2 business days of bid acceptance now this excludes Oregon who handles their earnest money differently if you need some more information about this refer to our how to fill out the 95 48 sales contract video for area 2's now let's get started as we move in the tutorial please remember that our contract auto population software is to be used as a convenient safeguard against simple errors that can happen to even the most experienced HUD registered agent as long as the information page is fill out in its entirety with accurate information your contract will be filled out correctly every time we believe this will create a convenient and efficient way to assure that your contract will move through the review process smoothly and successfully getting you to that closing table as soon as possible now to submit a bid according to HUD and pemko guidelines your buyer must sign all appropriate forms in the contract package before you submit their bid online the easiest option for proper completion of the bid and final contract package is as follows before you place your bid open our contract form and fill in all required information except for the bid confirmation number you haven't submitted your bid yet so you will not have this number once the page minus the bid confirmation number is complete you will have all necessary lines of the contract package ready to print and be signed by your buyer once you have printed the contract and obtained your buyers signature where required you should then submit your bid and write in the confirmation number on the first line of the 95 48 electronic filing addendum and the top right corner of the 95 48 sales contract now all you will have to do is get your completed error-free contract into pimco within 2 business days of your bid acceptance it's also important to note that the form actually does function best in internet explorer or mozilla firefox browser options the reason being as you go through the form you'll see little yellow bubbles these bubbles are what PDF files call sticky notes the sticky notes are there to help you as you fill out the contract package if you hover your cursor over them they give you a tip for filling out the line that they are attached to for instance the first one property address if you hover over it a window pops up says complete property address please be sure to enter the complete property address now i'm going to start entering the required information onto this first page it is absolutely imperative that this information is accurate because all of these lines we'll eventually populate the contract for me if this is your first time filling out our contract using this software you'll find when you click the HUD case number or any other line a window pops up that reminds you you cannot save the form information basically saying you need to print it out when you're done because once you exit you'll lose your information okay we'll click close on that box and go ahead and get started inputting information start with a HUD case number I'm just going to make one up and the property address make sure it's perfect and it's nice i can just tab through the lines i hit the tab button and it takes me to the next required line if there's only one purchaser you'll only need to fill out number one if there are two I'm very couple perhaps you can put both their names Social Security numbers absolutely get these accurate or business ein numbers dependent on your buyer as you're filling them out go ahead and leave out the dashes it is formatted to put those numbers in for you you'll see I hit the tab button and the dashes appear there's my street address the next line city-state ends it and my purchasers phone number this is obviously a made-up phone number guys as you can see the purchasers names have been populated on the purchasers combined names and the final line asking for the style now if you've never done this before or you're curious or have questions about what style means or what you should put in this line scroll over the sticky note and it shows you some common examples of style a single woman or man tenants in common joint tenants so on and so forth remember if your buyer is not sure what style in which title should be taken please have your client seek legal counsel okay now we'll move on to the selling agent / Broker information I'm going to go ahead and put that brokerage name in the broker name and the either ein or social security number remember no dashes it bore mats it for you the nade number got to have that brokerage address and phone number it will also form at the phone number for you as you can see now you as the selling agent putting some information about yourself your address city state and zip your phone number and an active live email address that we can get in touch with you at if we need to okay this section is all done as well moving right along now on to the purchase info section you'll notice the top line says information and amounts must match the bid submitted via the HUD home store exactly this information is your bid submission page just retyped onto here so we can populate the contract for you okay now on this first line bid confirmation number remember I said exclude this we're going to enter it later after you've printed it gotten your signatures and submitted your bid it will then give you the confirmation number and you can write it in will feel these lines out line three in line five purchase price on to line five closing costs as we all know HUD will pay up to three percent closing costs but you can play with this number so let's say if you go for 2.5% closing costs you'll write that numeric figure on this line if you tab over to the maximum amount line you should go ahead and type in the three percent amount line 68 is you're selling broker Commission once again HUD will pay up to three percent commission however you can play with this number so right in whatever your commission is numeric figure of course just making up a commission then tab over and go ahead and put in the three percent amount on the maximum amount line this next line is the listing broker Commission let's go ahead and scroll over the sticky note and see what it says the listing broker Commission is three percent of the purchase price or 1250 whichever is greater so go ahead type in the three percent figure or 1250 line seven is your net to HUD next line your earnest money deposits remember this is going to be five hundred dollars for fifty thousand dollars and under or a thousand dollars for fifty thousand and one dollar and above okay next you will select your type of financing we're going to do a good old FHA 203 be the date of offer is the day you are submitting the bid go ahead and put a date the format is month backslash day backslash the last two digits of the current year tab over to back up offer I would love to be considered a backup offer and if the home was built before 1978 we're definitely going to need that lead based paint addendum my home was so I'm going to click yes you can also refer to this bottom line here stating if the property was built before 1978 the lead based paint addendum must be included to access his den dhum visit HUD home store calm and view the addendum stab for the subject case number you can also find a blank one at HUD pemko com alright as you can see the entire first page has been completely filled out appropriately and accurately now first things first we'll scroll down you'll see your contract package has been 100% populated for you how nice how convenient for you and your buyer and pimco just showing you the pages here we don't have to go through them one by one but I did want you to notice that line for is concerning the financing options there are three lines with TBD or to be determined these are placed permanently because every area except for 1a or 2a this is correct however in 1a and 2a we have a hundred dollars down f.h a down payment incentive if you are using this incentive strike through the TBD on the first line in a blue ink pinned initial it and just write one hundred dollars ly nine referring to the closing time line should be filled in by hand or typed in yourself because right now there is not a line on the populating page to fill in this information also important to note you'll see anywhere signature is required the form has placed a sign here tab there is also another tab for anywhere initials are necessary okay now that we've looked over the contract package we are happy with all the information being interred in for us go ahead and print it out get that buyers signature and submit the bid online at HUD home store calm once you get that big confirmation number go ahead and flip over to your electronic filing of the 90 548 contract addendum and write it in the top line that states purchaser and broker have elected to use the electronic 90 548 contract downloaded form and the submission of their bid directly after that word put in your big confirmation number also write it on the right-hand corner of the 90 548 sales contract form and if your bid gets accepted you'll be ready to go and get that contract into pimco within 2 business days all right we are all set hopefully this video and our new software will help you guys fill out lots and lots of error-free contracts in the near future present thing else we can do always feel free to call our customer service line thanks a lot have a great day