Loan Guaranty Bulletin No. Addendum to Offer to Purchase and Contract of Sale. Original signatures are required. If outside financing is being obtained, a pre-qualification letter is required.
Proof of funds is required for all cash sales.
Original signatures are required on all forms. Will Not Be Processed. Upon acceptance, the sales broker will be requested to transmit the earnest money deposit to the sales closer within 96 hours of notification of acceptance. The prospective purchaser of a VA-acquired property is entitled to a refund of earnest money deposit when the offer is withdrawn prior to VA's acceptance of the offer. However, once VA has accepted an offer to purchase and the prospective purchaser either cancels or fails to perform, the earnest money deposit will be retained as liquidated damages.