Guaranteed Farm Loan Programs

Instructions For FSA-2680

LAND CONTRACT LETTER OF INTEREST

Land owner must use this document to inform the Agency of his interest in using the guaranteed land contract program to facilitate the selling of his land, and provide information on the potential buyer, and the escrow or servicing agent.

Submit the original of the completed form to the appropriate FSA servicing office.

Servicing Office must complete Items “a” through “d” and the Land owner must complete all remaining items on the form.

Items (a) – (d) are for FSA use only.

Items (e) – (l)

Fld Name / Item No.	Instruction
(e)	Land owner will select either the Prompt payment Guarantee or Standard Guarantee by checking the applicable box.
(f)	Land owner will complete with the name, address and phone number of either an escrow or servicing agent, depending on the selection made under Item “(e)”, and provide the name, address, and phone number of the buyer.
(g)	Land owner will answer the six “YES”-“NO” questions under Part 7.
(h)	Land owner will answer the three “YES”-“NO” questions under Part 8.
(i)	Print the sellers name.
(j)	Enter the land owner’s social security number, or if the applicant is an entity, provide the Federal Tax I.D. Number.
(k)	Land owner will sign in Item k.
(l)	Enter the date the form is signed.

  

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