Form 4546 - Real Property Statement - Financial Institution - Previously Foreclosed Property - Michigan Department Of Treasur Page 2

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Fom 4546, Page 2
PART 4: TO BE COMPLETED BY THE SELLING FINANCIAL INSTITUTION
No
Did your firm engage the services of a licensed real estate brokerage company in order to secure the purchaser?
Yes
Yes
No
Was a market value appraisal obtained before placing the property on the market?
During the process of seeking a purchaser, did your firm at all times retain the right to refuse any and all offers? If
Yes
No
not, explain: __________________________________________________________________________
Was the property fully exposed to the local real estate market prior to the completion of the sale? If not, explain:
Yes
No
___________________________________________________________________________________
Were the property taxes and other closing costs prorated or allocated between your firm and the purchaser in
Yes
No
accordance with local custom? If not, explain: _______________________________________________________
Did your firm provide evidence of marketable title and a warranty deed to the purchaser? If not, explain:
Yes
No
____________________________________________________________________________________________
Did your firm have a prior business relationship with the purchaser or was the purchaser an employee or related
Yes
No
party? If so, explain: ___________________________________________________________________________
During the period that your firm was marketing the property, did your firm maintain the property in the same
Yes
No
condition as it was when your firm took possession? If not, explain:
__________________________________________________________________________________________
Did the physical condition of the property materially change between the time that you obtained the mortgage lien
Yes
No
on the property and the time you sold the property after foreclosure? If yes, provide details:
____________________________________________________________________________________________
Did your firm provide a seller's disclosure statement and/or lead paint disclosure statement? If so, attach a copy of
Yes
No
the statements which you provided.
Did your firm make seller's concessions to the purchaser which were atypical for the local real estate market at the
Yes
No
time of the sale? If so, explain: ___________________________________________________________________
Was your firm's willingness to sell the property under the agreed to terms materially affected by considerations of
Yes
No
governmental regulation or financial accounting treatment or by a desire to dispose of the foreclosed property within
1 year to avoid the uncapping of taxable value? If so, explain: __________________________________________
Did your firm sell the property to the purchaser for the price at which it was first listed? If not, what was original
Yes
No
asking price? _________________________
How many days did your firm actively expose the property to the local real estate market before your firm entered
into the agreement to sell the property to the purchaser? ______________________________________________
PART 5: CERTIFICATION
I hereby declare that the above is a complete and true statement.
Signature of Seller Representative
Date

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