Disclosure To Seller With Voluntary Arm's Length Purchase Offer

Disclosures to Seller with Voluntary, Arm’ Length Purchase Offer
DECLARATION

Owner of Record:
This is to inform you that                                               (buyer) would like to purchase the property located at _________________________________________________ if a satisfactory agreement can be reached. We are prepared to pay $__________________ for clear title to the property under the conditions described in the attached proposed contract of sale.

Because Federal funds may be used in the purchase, however, we are required to disclose to you the following information:
1. The sale is voluntary. If you do not wish to sell, neither the buyer nor the Town of Paradise will acquire your property at this time. The buyer does not have the power of eminent domain to acquire your property by condemnation (i.e., eminent domain) and the agency/sponsor, Town of Paradise will not use the power of eminent domain to acquire the property.
2. The estimated the fair market value of the property is $ _______________and was estimated by _____________________________, to be finally determined by a professional appraiser prior to close of escrow.
3. Since the purchase would be a voluntary, arm's length transaction, you would not be eligible for relocation payments or other relocation assistance under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA), or any other law or regulation. Also, as indicated in the contract of sale, this offer is made on the condition that no tenant will be permitted to occupy the property before the sale is completed.

If you are willing to sell the property under the conditions described in the attached contract of sale, please sign the contract and return it to the Town of Paradise, Housing Department, or to the agent who presented the purchase offer. 

If you have any questions about this matter, please contact the Town of Paradise, Housing Department at (530) 872-6291 x 122

Sincerely,

Nadia Alekseev
Housing Program Manager, Town of Paradise
housing@townofparadise.com

(530) 872-6291 x 122