Contact Information Applicant Name*
First
Last
Are you married?* Name of Spouse*
First
Last
List other corporations/businesses you have been associated with (if applicable)
Briefly explain your renovation experience, including any previous renovation projects.*
Mailing Address*
Photo ID(s)* A copy of a current, up-to-date government-issued photo ID must accompany this waiver for each signature.
How did you hear about the Land Bank?* Email Website Word of Mouth Facebook Other
MCLB Property Address
Planned Use of Property* Using the Pre-Sale Inspection Report, explain the additional modifications you’re considering, as it pertains to the desired property use. List ALL the permits that will need to be pulled. (Permits need to be obtained by a licensed contractor in Dayton. All building permits issued will require final inspection.) Using the Pre-Sale Inspection Report, explain the additional modifications you’re considering, as it pertains to the desired property use. List ALL the permits that will need to be pulled. (Permits need to be obtained by a licensed contractor in Dayton. All building permits issued will require final inspection.)
Project Financing* How do you plan to purchase the property and finance the required minimum renovations as listed in the Pre-Sale Inspection Report? Proof of funds (Letter from Lender, Bank Statement, Line of Credit, etc.) are not needed at this time but will be required prior to the Land Bank accepting any offer. The financing documentation MUST be in the applicant’s name.
* I acknowledge I have reviewed the Pre-Sale Inspection Report for this property and my offer is based on this scope of work.
I understand that the MCLB staff will review my application for property purchase and contact me if any additional information is required. I acknowledge the Land Bank considers offers on the basis of the financial capacity, experience, and previous quality of work among other things. This means the highest offer may or may not be accepted
Name*
First
Last
Please allow at least 14 business days for your application to be processed. All property sold AS IS. This form is a statement of interest only, meaning there is no guarantee that MCLB will transfer selected property.
Owned Properties
Please provide the following information for ALL property owned by this individual, organization or affiliated organizations or in which the individual/organization has a legal interest that is situated, even partially, in Montgomery County, Ohio. The list MUST include the home currently lived in (if owned). Use additional sheets, if necessary. Attach an additional list if necessary).
Real estate First Property*
Second Property
Third Property
If you own additional properties, you must upload a list of all additional properties you own. If you own additional properties, you must upload a list of all additional properties you own.
Use the attached Information on Applicant Owned Property form (page 3) to list ALL property owned by the applicant or in which the applicant has a legal interest.*
Use the attached Information on Applicant Owned Property form (page 3) to list ALL property owned by the applicant or in which the applicant has a legal interest.
Certification
This information is being submitted as part of an application for Montgomery County Land Bank property. This Property Information form contains (including all requested documentation).I am authorized to sign and submit this supplement on behalf of the organization. The information contained in this application is true and complete to the best of my knowledge. I understand that submission of an application does not guarantee that the Montgomery County Land Bank will approve any application, acquire any property, or transfer any property to the applicant listed in the application.
Name*
First
Last
Name*
First
Last
* To the best of my knowledge, everything stated above is true
Sale and Purchase Agreement Notices 2. I understand that the Land Bank reserves the right to require, as a condition to acceptance of any bid or offer and as a condition to closing on the sale of any property, that purchasers provide sufficient history of home rehabilitation, community references and sufficient financial ability to complete all work requirements and that purchasers consent to credit checks, criminal background checks and other investigations of purchasers as required by the Land Bank.
3. I understand that I have no binding agreement with the Land Bank until I have done all of the following: (a) delivered to the Land Bank a signed DIY Renovation Purchase and Sale Agreement and the required deposit funds, and (b) provided to the Land Bank proof of the required insurance in a form satisfactory to the Land Bank. Until the Land Bank signs the Purchase and Sale Agreement and accepts the deposit, along with the other required deliveries, my submission of a signed Purchase and Sale Agreement, the deposit and any other items is only an offer to purchase, and may be rejected by the Land Bank in its sole discretion.
4. The Land Bank has given me a full and complete opportunity to inspect all properties for which I have submitted bids. I understand that if my bid or offer is selected by the Land Bank with respect to a property, then (a) I will purchase the property in “as is, where is” condition and with all defects, whether or not readily and easily observable, including but not limited to, structural defects, electrical, mechanical and plumbing defects, roof issues, leaks, radon and mold issues, (b) the Land Bank and its employees, agents and representatives will make no representations, warranties or statements with respect to the property, and (c) I will have sole responsibility for securing and taking care of the property until the closing of my purchase of the property. This means that any change in the condition of the Premises, including those that are a consequence of a third-party criminal activity, will not terminate my obligations under the Purchase and Sale Agreement.
5. I understand that if my bid or offer is selected by the Land Bank with respect to a property, no one may reside at the property or in any structure at the property until the title to the property has transferred. I understand that this means that during renovation of the property there will be a delay between when a purchaser receives access to a property and when the purchaser is able to actually live at the property.
6. I understand the Land Bank will require each property sold through the DIY Renovation program to be used as a residence.
7. I understand the repair items referred to in the Pre-Sale Inspection Report are the repair work that the Land Bank requires to be completed. I have received and reviewed the Pre-Sale Inspection Report, and I understand that if my bid or offer is accepted, I will be contractually obligated to perform all of the work described in the Report. I further understand that I will not be permitted to perform any work or improvements beyond the work described in the Report until after title to the property has transferred to me.
8. I understand that if my bid or offer is selected, I must obtain, at my cost, all permits and approvals required for the work described in the Pre-Sale Inspection Report. I understand that I must complete this work within 180 days after both the Land Bank and I have signed the DIY Renovation Purchase and Sale Agreement.
9. I understand that the Land Bank and its employees, agents and representatives have made no representations regarding the status of the property’s title, that the transfer of the property will be by quit claim deed and without any warranties of title, and the Land Bank recommends that I obtain a title search and title insurance. Although the Land Bank believes that properties that it offers are free of all major encumbrances, the properties that it offers have generally been subject to some form of litigation, and / or financial distress. The recommendation to purchase title insurance is based upon situations that may develop in the future including the following: a) Third parties may have an interest in property that will continue even with transfers of ownership. Interests created during periods that someone else owned the property may continue in the property today. b) The title company will search certain public records to determine what interests may exist in the property, such as mortgages and liens (judgment liens, mechanics liens, tax liens, etc.), and to determine whether there are any restrictions on the use of the property. c) Although the title search is a good indicator as to whether there are any interests that third parties hold in property, the title search is not foolproof, thus title insurance is needed. d) The Land Bank encourages all purchasers to get an owner’s title insurance policy so that they have title insurance coverage against many of the interests that a third party may have.
10. I understand that I have sole responsibility for obtaining and paying for a title search and title insurance, including any associated expenses of the search and insurance.
11. I understand that at the closing of my purchase of the property I will be required to reimburse the Land Bank for costs incurred to insure the property during the renovation period.
12. I agree the Land Bank and its employees, agents and representatives will have the right to photograph the work in progress and at its completion and to post and distribute photographs and other information about the work and the property on the Land Bank’s website and through other social media.
