Letter Of Intent For Purchase Of Real Property printable pdf download

LETTER OF INTENT FOR PURCHASE OF REAL PROPERTY

TO:

TILLAMOOK COUNTY BOARD OF COMMISSIONERS (BOC)

201 Laurel Avenue

Tillamook, Oregon 97141

With this Letter of Intent, the undersigned offers to purchase real property pursuant to the process defined by

BOC at

in accordance with the following terms and conditions:

1. Seller:

Tillamook County at address 201 Laurel Avenue, Tillamook, Oregon 97141, 503-842-3403,

herein referred to as “Seller”.

2. Buyer:

___________________________________________________________________________

at address ___________________________________________________________________________

___________________________________________________________________________

telephone _________________________________________________, herein referred to as “Buyer”.

3. Subject Property: The property that is the subject of this offer, herein referred to as “Subject Property”, is

identified as: Tax Lot #______________________________________ Account # __________________.

4. Purchase Price: ___________________________________________________ Dollars and _____ Cents

($________________________________.______).

5. Processing Fee: Buyer has enclosed a money order or cashier’s check made payable to “Tillamook

County” as a processing fee that is not toward or applicable to the Purchase Price in an amount of One

Hundred and 00/100 Dollars ($100.00), herein referred to as “Processing Fee”. If BOC rejects this offer,

then this Processing Fee is fully refundable. If BOC accepts this offer, then this Processing Fee is

nonrefundable. Buyer understands that by defaulting on an accepted offer, Buyer will not be refunded this

Processing Fee and will be disqualified from participating in any Tillamook County public land sales.

6. Terms of Purchase: If Purchase Price is less than Twenty Thousand Dollars (<$20,000), Buyer will

receive a Tax Collector’s Deed, herein referred to as “Deed”, upon Seller’s receipt from Buyer of full

Purchase Price by money order or cashier’s check made payable to “Tillamook County”. If Purchase Price

is Twenty Thousand Dollars or greater (≥$20,000), Buyer has the option of a Monthly Installment

Contract at a fixed interest rate of ten percent (10%) per annum over a term not exceeding five (5) years

for the amount that remains upon Seller’s receipt from Buyer of a required minimum down payment of

20% of the Purchase Price by money order or cashier’s check made payable to “Tillamook County”,

herein referred to as “Contract”. Buyer is responsible for payment of all Deed or Contract recording fees,

which are $47 for the first page and $5 for each additional page, by money order, personal check or

cashier’s check made payable to “Tillamook County Clerk”.

IF OFFER IS ≥$20,000, BUYER WANTS A _______ DEED OR A _______ CONTRACT.

7. Final Payment: Upon acceptance of this offer, Seller agrees to contact Buyer to finalize the payment

arrangements and procedures to complete the sale and property transference from Seller to Buyer.

____________________________________________________

_________________

Buyer’s Signature

Date

Letter Of Intent For Purchase Of Real Property