Brokers guide to selling hud homes

What is a HUD Home? ,[object Object]

Asset Management Changes ,[object Object],[object Object],[object Object]

How to show and sell HUD Homes ,[object Object],[object Object],[object Object]

Listings and Selling Agent Account ,[object Object],[object Object],[object Object],[object Object],[object Object]

Property Condition Codes ,[object Object],[object Object],[object Object]

Property Condition Codes (cont’d) ,[object Object],[object Object],[object Object]

Additional info about IE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Listing Periods ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Listing Periods IN and IE Properties (Insured and Insured Escrow) 14 day pre-list 5 day pre-list First Look Program for non-profits (NPO) GNND Program Days 1-10 Exclusive Listing Period Owner Occupants Only Bids reviewed on 11 th day Days 11-30 Exclusive Listing Period Owner Occupants and NPO bids Bids reviewed daily Days 31-180 Extended Listing Period If no OO or NPO, then investors can bid; Bids reviewed daily Days 181+ $1.00 to local governments

Listing Periods UI Properties (Uninsured) 14 day pre-list 5 day pre-list First Look Program for non-profits (NPO) GNND Program Days 1-5 Exclusive Listing Period Owner Occupants and NPO bids Bids reviewed on 6 th Day Days 6-180 Extended Listing Period If no OO or NPO, then investors can bid; Bids reviewed daily Days 181+ $1.00 to local governments

HUD’s Special Programs ,[object Object],[object Object],[object Object],[object Object],[object Object]

Good Neighbor Next Door ,[object Object],[object Object],[object Object],[object Object],[object Object]

Good Neighbor Next Door ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

First Look Sales Method ,[object Object],[object Object],[object Object],[object Object],[object Object]

Asset Control Areas ,[object Object],[object Object],[object Object],[object Object]

$1 HUD Homes ,[object Object],[object Object],[object Object],[object Object]

FHA Loans ,[object Object],[object Object],[object Object],[object Object]

FHA Loans (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

FHA Loans (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Access to Properties ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Bidding Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Bidding Process (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

HUD’s “as is” policy ,[object Object],[object Object],[object Object],[object Object]

Bidding over the “as is” value ,[object Object],[object Object],[object Object],[object Object]

Sales Contract Package ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Sales Contract ,[object Object]

Avoid common mistakes! ,[object Object],[object Object],[object Object],[object Object]

Contract Corrections ,[object Object],[object Object],[object Object],[object Object]

Earnest Money ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Inspections ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Extensions ,[object Object],[object Object],[object Object],Sales Price Fee per day Total $0-25,000 $25 $375 $25,001-$50,000 $25 $375 $50,001+ $25 $375

Canceling the Contract ,[object Object],[object Object]

Closing Costs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Closing Costs (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

After Closing ,[object Object],[object Object],[object Object]

Additional Questions ,[object Object],[object Object],[object Object]

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Brokers guide to selling hud homes

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Brokers guide to selling hud homes