Here is a sample purchase offer letter for an REO property.

<tgroup cols="2"> <colspec colname="col1" colnum="1" colwidth="60%" colsep="0" rowsep="0" align="left"/> <colspec colname="col2" colnum="2" colwidth="40%" colsep="0" rowsep="0" align="left"/> <tbody> <tr> <td><p>December 21, 2009</p> <p>Susan Myers, Director</p> <p>Quarryville National Bank</p> <p>967 Main Street</p> <p>Quarryville, PA 17566</p> <p>Dear Ms. Myers:</p></td> </tr> <tr> <td><td><p>I am submitting the following purchase offer for your review and acceptance:</p> </td></td> </tr> <tr> <td><p>Property:</p></td> <td><p>2225 South North Drive</p> <p>Lancaster, PA 17607</p></td> </tr> <tr> <td><p>Offer:</p></td> <td><p>$123,875</p></td> </tr> <tr> <td><p>Considerations:</p></td> <td><p>Purchased as is</p></td> </tr> <tr> <td><p>Subject To:</p></td> <td><p>Financing of 95 percent provided by Quarryville National Bank; rate of interest 7 percent, 360-month term</p></td> </tr> <tr> <td><p>Closing Date:</p></td> <td><p>December 31, 2009</p></td> </tr> <tr> <td><p>Other Terms:</p></td> <td><p>Clear title provided by QNB; all closing/transfer costs paid by Quarryville National Bank</p></td> </tr> <tr> <td><para/></td> <td><p>I have carefully inspected the property, and I am ready to close on the property before the end of this month. Please respond to this purchase offer within the next 48 hours.</p> <p>Thank you for your consideration,</p> <p>Sincerely,</p> <p>George Sheldon</p></td> </tr> </tbody> </tgroup> </table> <!--/gc--> <div id="pagination"><ul><li class="prev"><a href="http://www.netplaces.com/buying-foreclosures/appendix-a-state-foreclosure-summary/" title="State Foreclosure Summary">State Foreclosure Summary</a></li><li class="next"><a href="http://www.netplaces.com/buying-foreclosures/appendix-c-sample-assignment-letter-for-purchase-agreement/" title="Sample Assignment Letter for Purchase Agreement">Sample Assignment Letter for Purchase Agreement</a> </li></ul></div><script>zSB(3,3);zob();</script></div> <div id="coda"> <div id="rel"><div class="n5">Related Articles</div><ul> <li><a href="http://homebuying.about.com/od/foreclosures/f/071008_BuyAgain.htm" zT="18/1YL/Zn"> After Foreclosure, How Soon Can We Buy a Home - Buying Again After a F... </a></li> <li><a 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Rufe</a></p><div id="fp"><a href="http://shop.everything.com/product/the-everything-guide-to-buying-foreclosures">Buy This Book</a></div></div></div> <div id="toc" class="pane"><div class="n3">Buying Foreclosures Sections</div><ul><li><a href="http://www.netplaces.com/buying-foreclosures/the-life-of-a-mortgagor/">The Life of a Mortgagor</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/types-of-legal-commitments/">Types of Legal Commitments</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/foreclosure/">Foreclosure</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/foreclosure-processes-and-terms/">Foreclosure Processes and Terms</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/judicial-foreclosure-processes/">Judicial Foreclosure Processes</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/nonjudicial-foreclosure-processes/">Nonjudicial Foreclosure Processes</a></li> <li><a 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href="http://www.netplaces.com/buying-foreclosures/pre-foreclosures/">Pre-foreclosures</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/foreclosure-auctions/">Foreclosure Auctions</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/purchasing-reo-properties/">Purchasing REO Properties</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/financing-your-foreclosure/">Financing Your Foreclosure</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/what-to-do-with-your-buy/">What to Do with Your Buy</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/determining-your-actual-costs-and-profits/">Determining Your Actual Costs and Profits</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/making-money-with-short-sales/">Making Money with Short Sales</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/your-first-and-next-steps/">Your First and Next Steps</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/appendix-a-state-foreclosure-summary/">State Foreclosure Summary</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/appendix-b-sample-purchase-offer-letter-for-an-reo-property/">Sample Purchase Offer Letter for an REO Property</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/appendix-c-sample-assignment-letter-for-purchase-agreement/">Sample Assignment Letter for Purchase Agreement</a></li> <li><a href="http://www.netplaces.com/buying-foreclosures/appendix-d-additional-resources/">Additional Resources</a></li> </ul></div></div> <script type="text/javascript">zCi();validateForms();</script> <div id="abf" style="padding-right:0"><ol class="crumbtrail"><li class="home"><a href="http://www.netplaces.com/">Home</a></li><li><a href="http://www.netplaces.com/buying-foreclosures/">Buying Foreclosures</a></li><li>Sample Purchase Offer Letter for an REO Property</li></ol></div> <div id="aboutinfo" 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