Donna Toline Principal Broker GRI, CRIS

RE/MAX equity group, inc.


 
 
 
 
 
 
 
 
 

Lead-Based Paint (LBP)

A VA Form 26-6705, Offer to Purchase and Contract of Sale, submitted on a property built before 1978, is contingent upon a risk assessment or property inspection for the presence of lead-based paint and/or lead-based hazards. The purchaser may remove the contingency at any time without cause, or the duration of the contingency may be modified by the agreement between the purchaser and Ocwen in its capacity as VA's contractor; otherwise, the contingency lasts for 10 days after the date the offer is selected by Ocwen on VA's behalf. The ending date will be stated in VA Form 26-6705e, which will be sent to the purchaser or the purchaser's agent when the offer is selected. The purchaser is responsible for ordering, and will bear the expense of, any risk assessment or inspection obtained under this contingency.

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