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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]
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]
INTERESTED IN CASSIDON http://www.cassidonrealty.com/join_us.html

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Brokers guide to selling hud homes

  • 1. Guide to Selling HUD Homes
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  • 10. 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
  • 11. 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
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  • 39. INTERESTED IN CASSIDON http://www.cassidonrealty.com/join_us.html