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PROCEDURAL CHANGES EFFECTIVE IMMEDIATELY To all our Hotz Realty Enterprises Inc. clients: We received the following notice from the Department of Veteran Affairs September 5,2003. This is all the information that we have at this time. It looks like the next two bid periods (September 8, & September 29) are the last times to bid on this type of properties at auction. We have not received any information as to how they will offer these properties in the future, we know a PRIVATE Corporation, other than the government will be taking over. If you have any questions contact Louis Baesel at 415 531-6815. The last VA listing will occur on September 26, 2003, with contracts due no later than October 29. Contracts received after that date will not be accepted. All future offers to Purchase and Contract of Sale (VA Form 26-6705) submitted must include the FINAL ACKNOWLEDGEMENT ADDENDUM found on the Forms Page. The VA's acceptance of any offers received on this listing is contingent upon the closing of the sale occurring no later than December 31, 2003. Should the closing not occur by that date, regardless of the reason, VA will cancel the contract and refund the earnest money deposit. Come visit us at: http://www.govforeclosureauction.com
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