Form Hud-9548 - Sales Contract - U.s. Department Of Housing And Urban Development
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1
2
3Instructions for
U.S. Department of Housing
OMB Approval No. 2502-0306 (exp. 01/31/2017)
and Urban Development
Sales Contract
Office of Housing
Property Disposition Program
Federal Housing Commissioner
Privacy Act Statement:
The Department of Housing and Urban Development is
authorized to collect this information by the National Housing Act, Section 235(b), P.L.
Public reporting burden for this collection of information is estimated to
479, 48 Stat. 12 U.S.C. 1701 et seq. HUD is authorized to collect the Social Security
average 30 minutes per response, including the time for reviewing instructions,
Number (SSN) by Section 165(a) of the Housing and Community Development Act of
searching existing data sources, gathering and maintaining the data needed, and
1987, P.L. 100-242, and by Section 904 of the Stewart B. McKinney Homeless Assistance
completing and reviewing the collection of information. This information is
Amendments Act of 1988, P.L. 100-628. The information is being collected to determine
required to obtain benefits. HUD may not collect this information, and you are
the amount of assistance (if any) the applicant is entitled. The information is also used as a
not required to complete this form, unless it displays a currently valid OMB
tool for managing the program(s) related to this form, and for protecting the Government’s
control number. This information is required in order to administer the Property
financial interests. The information may be used to conduct computer-matching
Disposition Sales Program (24 CFR Part 291). The collection of information is
programs to check for underreported or unreported income. The SSN is used as a
required in order to provide a binding contract between the property purchaser
unique identifier. The information may be released to appropriate Federal, State, and local
and HUD. A real estate broker or one of its agents completes this form. If this
agencies, and when relevant, to civil, criminal, or regulatory investigators and/or
information were not collected, HUD would not be able to administer the
prosecutors. This information will not be otherwise disclosed or released outside of HUD
Property Disposition Sales Program properly to avoid waste, mismanagement,
except as permitted or required by law. It is mandatory that you provide all of the requested
and abuse. While no assurances of confidentiality are pledged to respondents,
information, including all SSN(s), for you and all other household members age six years
HUD generally discloses this data only in response to a Freedom of Information
and older. Failure to provide SSN(s) and required documents will result in a delay or loss of
request.
assistance payments.
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, Selling 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.
Previous editions are obsolete
ref. Handbook 4310.5
form HUD-9548 (1/99)
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