How to Get HUD REO Lis0ngs Webinar Training 2015
|
|
|
- Willa Brooks
- 8 years ago
- Views:
Transcription
1 How to Get HUD REO Lis0ngs Webinar Training 2015
2 I can help you get HUD REO lis0ngs Take notes Follow my instruc0ons Take ac0on Persevere
3 PERSEVERE? per se vere /ˌpərsəˈvi(ə)r/ Verb Con0nue in a course of ac0on even in the face of difficulty or with liule or no indica0on of success.
4 HUD In June of 2010 MMIII took effect 26 asset management companies chosen to sell HUD REO s Each given a geographic territory Transi0on was completed in Dec 10 1 year contract (four 1yr renewals with a $ ceiling). All proper0es are required to be listed with local agents. Lis0ng commission is 3% and AM s are not allowed to take a referral fee (at this 0me). HUD FSM contractor handles all preserva0on. Agent has no out of pocket expense. Not even u0li0es. Buyer s agents present all offers online.
5 MM 3.7
6
7 The HUD REO Lis0ng Opportunity There will be only one AM per State The contract will be 1 year with (4) 1 yr renewals The AM will be a cer0fied SBE (under 7 million) There will be a 60 day transi0on period The new AM will need to recruit and train hundreds of lis0ng agents within a very short period of 0me I will no0fy you via as soon as the AM for your state is announced.
8 Who Can List HUD REO Proper0es Any local licensed real estate agent
9 Who Can List HUD REO Proper0es Any local licensed real estate agent Anywhere in the US
10 Who Can List HUD REO Proper0es Any local licensed real estate agent Anywhere in the US Big or small brokerage
11 Who Can List HUD REO Proper0es Any local licensed real estate agent Anywhere in the US Big or small brokerage Agent or broker
12 Who Can List HUD REO Proper0es Any local licensed real estate agent Anywhere in the US Big or small brokerage Agent or broker Franchise or independent
13 Who Can List HUD REO Proper0es Any local licensed real estate agent Anywhere in the US Big or small brokerage Agent or broker Franchise or independent No experience is required
14 Who Can List HUD REO Proper0es Any local licensed real estate agent Anywhere in the US Big or small brokerage Agent or broker Franchise or independent No experience is required No specific training is required
15 Who Can List HUD REO Proper0es Any local licensed real estate agent Anywhere in the US Big or small brokerage Agent or broker Franchise or independent No experience is required No specific training is required Team or individual
16 Who Can List HUD REO Proper0es Any local licensed real estate agent Anywhere in the US Big or small brokerage Agent or broker Franchise or independent No experience is required No specific training is required Team or individual You are not required to pay any expenses or u0li0es on any HUD REO lis0ng
17 Who Can List HUD REO Proper0es Any local licensed real estate agent Anywhere in the US Big or small brokerage Agent or broker Franchise or independent No experience is required No specific training is required Team or individual You are not required to pay any expenses or u0li0es on any HUD REO lis0ng You get paid 3% lis0ng commission
18 What Are the Qualifica0ons to list HUD REO Proper0es? Ac0ve real estate license
19 What Are the Qualifica0ons to list HUD REO Proper0es? Ac0ve real estate license Insurance
20 What Are the Qualifica0ons to list HUD REO Proper0es? Ac0ve real estate license Insurance NAID number
21 What Are the Qualifica0ons to list HUD REO Proper0es? Ac0ve real estate license Insurance (general liability and E&O) NAID number Brokerage must be registered with HudHomestore
22 What Are the Qualifica0ons to list HUD REO Proper0es? Ac0ve real estate license Insurance NAID number Brokerage must be registered HudHomestore Agent must be registered HudHomestore
23 What Are the Qualifica0ons to list HUD REO Proper0es? Ac0ve real estate license Insurance NAID number Brokerage must be registered HudHomestore Agent must be registered HudHomestore MLS membership
24 HUD How Are The HUD Lis0ngs Distributed?
25 HUD How Are The HUD Lis0ngs Distributed? 4 Regional HUD Home Ownership Centers
26 HUD How Are The HUD Lis0ngs Distributed? 4 Regional HUD Home Ownership Centers 26 Asset Management Companies
27 HUD How Are The HUD Lis0ngs Distributed? 4 Regional HUD Home Ownership Centers 26 Asset Management Companies Local agents
28 9 steps to become a HUD REO lis0ng agent
29 9 steps to become a HUD REO lis0ng agent Step 1: Brokerage must obtain NAID What is a NAID number? A name and address iden0fica0on (NAID) number is used by HUD to track the payee of HUD funds. There is only one NAID number issued per office. All agents in that office use the same NAID to present offers on HUD listed proper0es. This same NAID number is needed to apply to become a HUD lis0ng agent/ broker.
30 9 steps to become a HUD REO lis0ng agent Step 1: Brokerage must obtain a NAID Determine if your brokerage already has a NAID number. Ask your broker. Give as liule informa0on as necessary. You must have a NAID number to present an offer on a HUD listed property so this request should not surprise your broker. Don t volunteer any more informa0on. Your broker may share informa0on with other agents or may decide to apply to list HUD proper0es themselves which could hurt your chances.
31 9 steps to become a HUD REO lis0ng agent 1. Brokerage must obtain NAID If your broker has the NAID number write it down. If your broker is not sure ask for the companies EIN so you can look it up. If your broker does not have a NAID number offer to obtain it for the broker so that agents in your office may present offers on HUD listed proper0es. You will need the companies EIN number to do so.
32 9 steps to become a HUD REO lis0ng agent 1. Brokerage must obtain NAID Go to
33 9 steps to become a HUD REO lis0ng agent 1. Brokerage must obtain NAID Go to click on NAID Applica0on
34 9 steps to become a HUD REO lis0ng agent 1. Brokerage must obtain NAID Go to click on NAID Applica0on Enter your company s EIN
35 9 steps to become a HUD REO lis0ng agent 1. Brokerage must obtain NAID Go to click on NAID Applica0on Enter your companies EIN This is what you hope to see!
36 9 steps to become a HUD REO lis0ng agent 1. If your companies NAID is inac0ve call Call CALL FHA ( ) 2. Ask what forms are necessary to reac0vate my NAID?
37 9 steps to become a HUD REO lis0ng agent 1. If your company does not have a NAID your broker will need to complete the applica0on process or you may do it on his/her behalf. 2. Download: SAMS 1111 Bidder Applica0on link SAMS 1111A Selling Broker Cer0fica0on
38 9 steps to become a HUD REO lis0ng agent Selling Brokers must provide: 1111 Original Signature Required Send the original and one copy of the 1111 Form 1111A - Original Signature Required IRS LeUer 147 C or IRS Official Document reflec0ng Business Name and EIN or copy of SS card if opera0ng under SS# Copy of Real Estate Broker s License with Expira0on Date Copy of Driver s License with Expira0on Date Recent U0lity Bill or Bank Statement that supports the address and Company or Broker name shown on Form 1111
39 9 steps to become a HUD REO lis0ng agent For applicants in AK, AZ, CA, HI, ID, NV, OR, WA, AS, GU, MH, and MP Santa Ana Homeownership Center AUen0on: NAID Applica0on Santa Ana Federal Building 34 Civic Center Plaza, Room 7015 Santa Ana, CA Call CALL FHA ( ) for informa0on regarding your applica0on. This step takes at least 2 weeks. You cannot proceed un0l you get the NAID.
40 Ques0ons about the NAID?
41
42 9 steps to become a HUD REO lis0ng agent Step 2: Brokerage registers with HUDHomestore Go to and click on Find a Broker
43 9 steps to become a HUD REO lis0ng agent Step 2: Brokerage registers with HUDHomestore Go to and click on Find a Broker Search by your company name and city. If you cant find your company your broker must register with HUDHomestore.com or allow you to do so on their behalf.
44 9 steps to become a HUD REO lis0ng agent 1. Brokerage must obtain NAID 2. Brokerage registers with HUDHomestore 3. Agent registers with HUDHomestore
45 9 steps to become a HUD REO lis0ng agent Step 3: Agent registers with HUDHomestore Go to and click on Register Bidders Complete the selling agent applica0on. Watch the video under Bidder Registra0on before you proceed.
46 Ques0ons about HUDHomestore.com registra0on
47 9 steps to become a HUD REO lis0ng agent 1. Brokerage must obtain NAID 2. Brokerage registers with HUDHomestore 3. Agent registers with HUDHomestore 4. Prepare resume
48 REO Resume How to prepare a REO Resume. Even if you have no experience.
49 The Average Asset Management Company receives over 100 resumes a day You have one chance You had beuer know what they are looking for Don t list anything that is not relevant Keep it to one page
50 Service Before Self Build a resume/menu of services No glamour shot pics, no trophies, no other cer0fica0ons. Focus on the services that you provide for REO Asset Managers
51 Frank Patrick, REO Broker Good Example I am a Full Time REO broker/owner at Patrick Investments LLC, a minority owned company (application for certification pending) specializing in the management and sales of REO properties in the Kansas City area. I have 11 years of REO experience and am currently listing and selling REO properties for several asset management companies as listed below. I have funds available to make emergency repairs and pay utilities on behalf of my REO clients. I am assisted by a staff of 1 administrative assistant, 1 escrow coordinator, 1 field inspectors and 1 buyers agent. My team and I take great pride in delivering timely and accurate data to our corporate clients while striving to keep their carrying costs low. Selling your REO properties in a reasonably time frame for the highest possible market price remains a top priority for our team. I am personally involved in each and every REO transaction and am available to take your call to discuss your REO needs. REO Services: Occupancy Inspections Cash for Keys Evictions Broker Price Opinions Re Key s Management of Field Services Monthly Reporting Photo Documentation Tenant Management HOA record retrieval M&I Estimates City Code Abatement Repair Estimates Ongoing inspections Utility Management REO/BPO Clients: UsRes, Res.net, Citibank, Wachovia, REOTrans, R&R Asset Management. Aurora, Countrywide, Deutche Bank, National City Bank, Wachovia Bank, US Bank, US Bank National Association, Bank of America. REO Associations: The American Society of REO Specialists Advertising REOMAC & Marketing: NRBA REO Renegades Mastermind Member REO Training/Certifications: Res.net Equator (list the level of your certification here) RDCPRO REOVM 5 Star Advertising: All REO listings advertised on Realtor.com, Sign on San Diego, Flipit.com, Backpage, Craiglist, and numerous other internet sites. Weekly marketing to agents to all local agents and our own database of investors. Yard signs with direct phone # and 800# with 24 hour property information recording. REO open houses, realtor tours, home buyer tours and frequent newspaper advertisements. Service Area: Greater Kansas City Metro Area. See attached spreadsheet of zip codes.
52 What your resume should not say XXXX XXXXXX Broker/Owner (516) 783-xxxx Ext. 207 Cell: (516) 946-xxxx OBJECTIVE: To obtain the highest possible sale price for REO Properties listed with my Agency. Unlike my competition, I work in the best interest of the Bank. Most REO Brokers sell 98% of their REO listings in-house. It is highly unlikely that these homes, if they are exposed on Multiple Listing and to all of its agents, that the highest price would be found in house.98% of the time! I pledge to cooperate with all Multiple Listing Agents to obtain the highest price for the Bank, not the highest commission for my agency. It has been my experience seeing agents losing offers or realizing that their offers were never even submitted to the bank. This practice is extremely frustrating to someone like myself, who takes pride in being an ethical Broker. Position: Broker Owner of The Realty xxxxxx, Inc. Experience: Licensed broker for over 17 years having successfully closed over 2,200 real estate transactions. Full Time support team of over 30 licensed sales agents, one full time administrator, full time office manager and one part time administrator. Network of professional licensed contractors. Member of the National Association of Realtors, and the Long Island Board of Realtors. My team and I can provide the following services and pride ourselves in meeting our corporate client s deadlines: Guaranteed non stop advertising of all properties in Newspaper, local periodicals, pictorial magazines, and on over 17 websites. Direct marketing to Agents, Buyers, and our extensive database of local investors. Full exposure on M.L.S. Detailed Monthly Reporting Occupancy Inspections Secure Property Board Up Cash for Keys Evictions BPO s Clean Outs Winterization (if applicable) Ongoing maintenance and property inspections Service Area: Nassau/Suffolk/Brooklyn/Queens NEW YORK
53 HUD REO Marke0ng Plan How will you expose the property to all poten0al buyers?
54 HUD REO Marke0ng Plan One page Organized list of how and where you will adver0se the property
55 HUD REO Marke0ng Plan
56 HUD REO Marke0ng Plan
57 What the REO Sellers are looking for REO Experience Very few applicants have verifiable REO lis0ng Experience. So what should you list?
58 What the REO Sellers are looking for BPO Experience List of companies and references
59 What the REO Sellers are looking for Reloca0on Experience List of companies and references
60 What the REO Sellers are looking for Property Management Experience
61 What the REO Sellers are looking for An agent with the ability and desire to help other agents prepare and submit their buyers offer on a HUD property. Some HUD AM s require their lis0ng agents to conduct regular classes. This can be a live event or a webinar. Some provide the presenta0on outline and educa0onal materials.
62 What the REO Sellers are looking for Experience presen0ng offers and selling HUD homes
63 A thorough understanding of FHA Mortgages including the 203k
64 What is a 203k Loan FHA 203k loans are offered by the Federal Housing Administra0on, a government agency. The federal government designed these loans to encourage lenders to fund seemingly risky home purchases. Goals of neighborhood revitaliza0on and greater homeownership opportuni0es also drove the crea0on of this loan. FHA 203k loans are designated for houses that are damaged or sorely in need of rehabilita0on. The loan covers not only the cost of the property but also the cost of necessary home repairs. The down payment requirement is low, and eligibility criteria are loose. Homeowners whose homes need improvement can also refinance with these loans. A vast range of repairs, including room addi0ons, bathroom remodeling, roofing, flooring and air condi0oning systems can be funded with these loans.
65 What houses qualify? There are two types of FHA 203k loans, regular and streamlined. Regular 203k loans are for homes that need structural repairs, and streamlined loans are for those that need non- structural repairs. In order to qualify, homeowners must plan to live in the home they are repairing. The following types of residences qualify: Tear- downs: As long as part of the founda0on will remain, houses that need to be destroyed and rebuilt are eligible. Exis0ng construc0on that is at least a year old. Single- family, two- family, three- family or four- family dwellings. Condos: if they have been approved for FHA loans. Mixed- use proper0es: If you are repairing only the home por0on, a mixed residen0al/commercial property can qualify. Homes needing to be moved to rest on a new founda0on.
66 What repairs qualify? The FHA has specific guidelines as to which types of repairs qualify for 203k loans. The lender will also s0pulate which repairs you can make. Allowable repairs include: Disability access Hea0ng, ven0la0on and air condi0oning Plumbing Roofing and flooring Energy conserva0on Kitchen remodeling New appliances Room addi0ons Decks and pa0os Bathroom remodeling Room addi0ons or second- story addi0ons New siding Finishing an awc or basement Site grading Labor costs must be included in the loan, even if the homeowner performs the repairs. The repairs must be completed within six months.
67 How much does it cost? The FHA 203k loan amount has to include the price of the home plus the expected price of repairs. The homebuyer has to provide a percentage of the loan as a down payment. That percentage is usually far below that required by conven0onal loans and other FHA loans. In order to apply, the loan applicant has to provide proof of income, proof of assets and credit reports. In addi0on, the applicant has to provide a home appraisal, including how much the home will be worth axer the improvements are made. The applicant also has to present a detailed proposal of the work required on the home, including a cost es0mate of each repair. Some loan seekers hire a 203k consultant to prepare the extra paperwork. The consultant's fees can be included in the loan amount.
68 Other important infoma0on An FHA 203k loan is especially beneficial to those who cannot afford a finished home and are willing to take on a fixer- upper. Many lenders do not offer 203k loans. FHA 203k closing can take from 60 to 90 days. Fees and Interest rates may be slightly higher.
69 What the REO Sellers are looking for Number of HUD proper0es you have: Adver0sed Shown SubmiUed offers Closed (as buyers agent)
70 What the REO Sellers are looking for Ability to effec0ve use Technology Pictures, Online Repor0ng etc HUD has their own proprietary web based system. They want to know that you are willing to learn how to use it.
71 What the REO Sellers are looking for Full 0me You proac0vely market your lis0ngs to find the buyer You are willing an able to conduct a field inspec0on of each of your assigned proper0es once per week You are proficient with digital pictures You have an emergency plan in place to cover your du0es in the event of an illness You have an emergency plan in place in case of a disaster You have the ability to obtain assistance in the event your work load increases
72 Other Advantages Brokers license (slight advantage over salesperson) Support Staff (can be virtual or as needed) Non tradi0onal marke0ng (web- social media- open hs) Mul0 lingual (in diverse areas)
73 Ques0ons about your resume?
74 9 steps to become a HUD REO lis0ng agent 1. Brokerage must obtain NAID 2. Brokerage registers with HUDHomestore 3. Agent registers with HUDHomestore 4. Prepare resume 5. Complete online applica0on with HUD asset management company for your state
75 What to do now? Wait pa0ently for HUD to award the contract. You will be no0fied via as soon as the contract is awarded. I will include as much informa0on as I can obtain. Company name and contact informa0on Possibly there website. May not be set up. Call, , etc un0l you get an applica0on or a web address to apply. Follow up
76 Registra0on There will be only 1 HUD Asset Management Company for your state Most likely that they will have a website with a web based applica0on system. If not you will need to the contact person. Send this Subject: REO Broker Registra0on My name is Frank Patrick, I m an REO broker servicing the Greater Kansas City Metro area and I am interested in registering with your company. Could you please send me a new broker registra0on packet or point me in the right direc0on to begin the applica0on process? I can provide a copy of my real estate license, E&O insurance, a list of zip codes for my service area and professional references upon request. Thank you in advance for your help. Regards, Frank Patrick REO Broker Frank Patrick Real Estate Tele Fax Address
77 Ques0ons about registra0on?
78 What to do if you are not selected
79 If you are not selected Find an ac0ve lis0ng Contact the listed AM Ask permission to adver0se the property Do this weekly You will build a rela0onship Present offers on behalf of your buyers Develop a rela0onship with the AM Ask to be considered as a lis0ng agent
80 9 steps to become a HUD REO lis0ng agent 1. Brokerage must obtain NAID 2. Brokerage registers with HUDHomestore 3. Agent registers with HUDHomestore 4. Prepare resume 5. Complete online applica0on with HUD asset management company for your state 6. Adver0se HUD lis0ngs in your area 7. Sell HUD proper0es 8. Develop rela0onship with asset manager 9. Ask to be considered as a HUD lis0ng agent
81 What s next I will you a link to download my resume template and marke0ng plan Obtain a NAID Confirm your broker is registered with HUDHomestore.com You will register with HUDHomestore.com Create your resume Wait for the announcement
82 I will send an this evening with: Resume template List of steps you need to complete I have recorded this webinar and will upload it to the Diamond Website tonight.
MARS DISCLOSURE FOR CONSUMER SPECIFIC COMMERCIAL COMMUNICATION
MARS DISCLOSURE FOR CONSUMER SPECIFIC COMMERCIAL COMMUNICATION The disclosure below is required by 16 C.F.R. 322.4(b) in every consumer-specific commercial communication for any mortgage assistance relief
Home Selling Marke/ng Proposal
Home Selling Marke/ng Proposal Presented by: Nate Harimoto & Shane Haas Aviara Real Estate 2555 Townsgate Road, Suite 200 Westlake Village, CA 91361 www.aviararealestate.net Nate Office & Fax: (805) 418-2675
HUD REO M & M III. FHA Webinar on HUD REO 203-K Standard 203-K Streamline. HUD REO (Real Estate Owned) 203(k) Streamline.
FHA Webinar on HUD REO 203-K Standard 203-K Streamline HUD REO (Real Estate Owned) 203(k) Streamline 203-K Standard National Servicing Center (NSC) is responsible for direct oversight of the MCM contractor:
BLB Resources, Inc. 2013-2015 All rights reserved. Rev. 4-20-15 all previous versions are obsolete.
BLB Resources, Inc. 2013-2015 All rights reserved. Rev. 4-20-15 all previous versions are obsolete. How does the Buyer Select Program Work? Buyer must select any State Licensed closing/title company upon
FHA 203k Rehab Loans. How to Use a 203k Rehab Loan to Move Your Listings and Put Buyers into Homes!
FHA 203k Rehab Loans How to Use a 203k Rehab Loan to Move Your Listings and Put Buyers into Homes! Today s s Agenda 203k Loan Overview How to Use the Program as a Tool to Market Your Properties How to
PRMI 203K Streamline Loan. FHA Renovation Loan
PRMI 203K Streamline Loan FHA Renovation Loan Put the finishing touches on your borrowers Dream home. Purchase or Refinances Help you to sell more homes, and represent more buyers. Work with contractors
101WAYS. YourInternCan. TripleYourRealEstateInvesting BusinesThisYear. ASpecialReportFrom. www.internprofits.com
101WAYS YourInternCan TripleYourRealEstateInvesting BusinesThisYear ASpecialReportFrom www.internprofits.com 101 Ways Your Intern Can Triple Your Real Estate Investing Business This Year For 99% of entrepreneurs
HUD.GOV/HUDHomes U.S. Department of Housing and Urban Development
HUD.GOV/HUDHomes U.S. Department of Housing and Urban Development HUD Listing and Bidding Procedures Disclosures HUD Homes are sold "As Is" without warranty. Irregularities in bids: HUD reserves the right
in the Real Estate Transaction
The Critical Role of the REALTOR in the Real Estate Transaction Listed here are nearly 200 typical actions, research steps, procedures, processes, and review stages in a successful residential real estate
Actions to Take Before Buying a Home Today
Actions to Take Before Buying a Home Today As the housing downturn has shown, homeownership is about more than buying a home you have to make sure you can keep the home over the long term. If you re thinking
The 10 Step Quick Start Guide
Renovating and Rebuilding America - One Home at a Time & The 10 Step Quick Start Guide What s Included: Types of 203K Loans 10 Quick Steps To Get You Started The FHA 203K Loan 10 Step Quick Start Guide
Renovation Financing 1
Renovation Financing 1 Renovation Financing The Win, Win, Win Scenario Presented By Lisa Marra The Marra Mortgage Group 2 What is a Renovation Loan? A renovation loan allows a borrower to secure financing
Enhancements to Streamlined (k) Limited Repair Program
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING- FEDERAL HOUSING COMMISSIONER December 29, 2005 MORTGAGEE LETTER 2005-50 TO: ALL APPROVED MORTGAGEES
HOW TO INFLUENCE THE SHORT SALE BPO
HOW TO INFLUENCE THE SHORT SALE BPO Working With the Lender s BPO Agent to Get a Fair and Accurate As Is Market Value Understanding what a Broker Price Opinion is and what it is used for is a key component
Home Buying Insider Page 1 of 12
Home Buying Insider Page 1 of 12 LEGAL NOTICE The Publisher has strived to be as accurate and complete as possible in the creation of this report, notwithstanding the fact that he does not warrant or While
HOMESTYLE RENOVATION. Look at the possibilities
HOMESTYLE RENOVATION Look at the possibilities HOMESTREET: WHO ARE WE? Based in the Northwest, HomeStreet Bank if one of the largest community banks in the Northwest and Hawaii. HomeStreet began in 1921
You Can Buy a Home The keys to Homeownership
You Can Buy a Home The keys to Homeownership The keys to homeownership Buying a home is one of the most important purchases you ll ever make. Owning your own home helps you build wealth, save on taxes
How to Sell Your House Fast
How to Sell Your House Fast If you are reading this report then you are interested in selling your house as fast as you possibly can. Usually this is because you are in foreclosure, are behind on payments
AGENT GUIDE TO SHORT SALES
AGENT GUIDE TO SHORT SALES www.mzlaw.us TABLE OF CONTENTS 1. Timeline of who does what Page 3 2. Key Points every Agent needs to know Page 4 3. Listing Agent Procedures in the short sale Pages 5-6 4. Markve
Getting Prepared to Purchase Your Home
Thank you for taking the time to download our Homebuyer s Kit. TJC Mortgage knows that you have options when choosing a mortgage company to assist with your home purchase and we want you to know that we
The Critical Role of the REALTOR in the Real Estate Transaction
The Critical Role of the REALTOR in the Real Estate Transaction Do you know what your REALTOR does, exactly? Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR provides
- Welcome to AdvisorLoans
- Welcome to AdvisorLoans AdvsorLoans provides turnkey financing solu6ons in every facet of lending, including SBA. Our expert team is well versed in SBA programs and works in this specialty daily to insure
City of Miramar. Neighborhood Stabilization Program (NSP)
City of Miramar Neighborhood Stabilization Program (NSP) Q. What type of assistance is available? HOME BUYERS Frequently Asked Questions The City will assist with the purchase and qualified repairs of
203kLender.com. The 10 Step Quick Start Guide. What s Included: Types of 203k Loans. 10 Quick Steps To Get You Started
203kLender.com The 10 Step Quick Start Guide What s Included: & Types of 203k Loans 10 Quick Steps To Get You Started The FHA 203K Loan 10 Step Quick Start Guide If there was a way to create your dream
203K Loan Parameters
Full documentation only. 203K Loan Parameters AUS approval required, no manual underwriting permitted. Maximum DTI ratios of 31%/43% regardless of AUS findings. Both purchase or rate and term refinance
Program Overview For MRED
Program Overview For MRED 1 How searching for a new home has changed: Over 90% of homebuyers begin their search and view property listings online Over 72% of these homebuyers then EXIT the listing to search
Section 184 Indian Home Loan Guarantee Program FOR HOMEBUYERS
Section 184 Indian Home Loan Guarantee Program FOR HOMEBUYERS Q&As About Purchasing a Home with a Section 184 Guaranteed Loan 1. WHAT IS THE PURPOSE OF THE 184 LOAN GUARANTEE PROGRAM? A home is more than
FHA Streamline (K) Limited Repair Program
Training Mortgage Professionals FHA Streamline (K) Limited Repair Program Facilitator: XXXXXXXXX The Streamline (K) Overview General Characteristics Eligible/Ineligible Improvements Documentation Requirements
HUD REPOS. SecurityNational Mortgage Company
HUD REPOS SecurityNational Mortgage Company Appraisal Requirements Appraisals are ordered by the M&M contractor from an FHA appraiser. Utilities should be on at the time the appraisal is conducted. If
The Real Estate Transaction in 181 Steps What Your REALTOR Does for You
The Real Estate Transaction in 181 Steps What Your REALTOR Does for You Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR provides during the course of a real estate
Financing Options to support Energy Efficiency & Contractors
Financing Options to support Energy Efficiency & Contractors Renovation Loan Overview Renovation Loans offer a buyer the opportunity to buy a property and close as-is, financing both the purchase and repair
NOTICE TO REAL ESTATE BROKERS
NOTICE TO REAL ESTATE BROKERS Listing Broker Services Cityside Management Corp. and HHN& Associates LLC (Cityside/HHN) are prime contractors to the Department of Housing and Urban Development (HUD) providing
Property Owner Property Management Services Presentation
Property Owner Property Management Services Presentation York Real Estate A Division of Signature Associates Real Estate 1213 Culbreth Drive Suite 357 Wilmington, NC 28405 910-665-9795 www.yorkbrokers.com
Real estate terms and definitions
Real estate terms and definitions Annual Percentage Rate (APR): The total yearly cost of a mortgage as expressed by the actual rate of interest paid. The APR includes the base interest rate, points and
Fannie Mae Short Sale: Improving the Short Sale Experience. June 2013
Fannie Mae Short Sale: Improving the Short Sale Experience June 2013 2010 Fannie 2013 Fannie Mae Mae 1 What does Fannie Mae do? Keep funds flowing to the mortgage market Issue mortgage-backed securities
Understanding 203k Loans 2 Hour Continuing Education Course Outline
1. Course overview and requirements. a. Course length of 2 hours with a 10 minute break each hour on the hour. b. Making sure all attendees have a course outline. c. There will be a 10 question test at
MI, VT, ME, NH, MA, CT, RI, NJ & NY BROKER S GUIDE TO SELLING HUD HOMES
MI, VT, ME, NH, MA, CT, RI, NJ & NY BROKER S GUIDE TO SELLING HUD HOMES 2 WHAT IS A HUD HOME? When payments are not paid on a mortgage insured by the Federal Housing Administration (FHA), the lender (mortgagee)
HOMEOWNERSHIP TIPS. In honor of June Homeownership month in Illinois, we posted daily tips. For your benefit, we have consolidated the list here.
HOMEOWNERSHIP TIPS In honor of June Homeownership month in Illinois, we posted daily tips. For your benefit, we have consolidated the list here. The home buying process might seem complicated or unmanageable.
FHA 203k Inspections Changing climate in home buying markets: FHA 203k Inspections. FHA 203k Inspections. FHA 203k Inspections. FHA 203k Inspections
Changing climate in home buying markets: Mortgage qualifying still a challenge More people buying foreclosed/distressed properties Appraisals stricter Lower valuations of properties Increase in appraisal
REALTORS AND FHA WORKING TOGETHER TO HELP PEOPLE FULFILL THE AMERICAN DREAM
Shopping for a Mortgage? FHA Improvements Benefit You FHA Insured Mortgages Realtors and FHA: Partners in Homeownership National Association of REALTORS FHA REALTORS AND FHA WORKING TOGETHER TO HELP PEOPLE
Acquiring Bank Owned Foreclosures
Acquiring Bank Owned Foreclosures The news and local conversations are full of stories about investors getting great deals on foreclosed houses. Why wouldn t affordable housing providers want to do the
The Section 8 Homeownership Program. Section 8 Families: Are You Ready for Homeownership? Introducing the Section 8 Homeownership Program
The Section 8 Homeownership Program Section 8 Families: Are You Ready for Homeownership? Introducing the Section 8 Homeownership Program Section 8 Homeownership Questionnaire Name Now You May Use Your
A Real Estate Investment Company. Real Estate Agent Partnership Guide ARCANE PROPERTIES 716 800 1414 BOB@ARCANEPROPERTIES.NET 1
A Real Estate Investment Company Real Estate Agent Partnership Guide ARCANE PROPERTIES 716 800 1414 BOB@ARCANEPROPERTIES.NET 1 Who Are We? Arcane Properties is a full service real estate solutions firm
Purpose of this Guide
Housing and Mortgages - Affordable Housing Housing and Mortgages on Affordable Housing. Retrieved May 31, 2012, from http://www.mortgageloan.com/affordable/ Guide overview: Part 1: Advantages of Mortgages
Key Market Factors. The proper balance of these factors will expedite your sale:
Key Market Factors How long does it take to sell a property? Some properties sell in a few days, others may take several months. By recognizing some key factors that influence marketing a home, you can
Rialto Housing Authority Mortgage Assistance Program Application
Rialto Housing Authority Mortgage Assistance Program Application Congratulations on taking steps towards homeownership. The Rialto Housing Authority, through its Mortgage Assistance Program, offers up
Home Buying 101 Teresa Brooks, MRA, ABR, CRS National Speaker & Trainer President REO Connection 757.406-1396 teresa.brooks1@cox.net The Process of Buying a Home Step One Select Experienced Realtor + Loan
Tips for First Time Home Buyers
Tips for First Time Home Buyers Thinking about buying your first home? Andrew L. Jaloza & Associates will help you understand the process of home ownership so you can make informed decisions about your
Real Estate. Office Help and Other Services. Commissions. South Dakota Department of Revenue 445 East Capitol Avenue Pierre, South Dakota 57501
South Dakota Department of Revenue 445 East Capitol Avenue Pierre, South Dakota 57501 Real Estate July 2013 This Tax Facts is designed to explain how sales and use tax applies to Real Estate Brokers' commissions
Improving the Short Sale
Fannie Mae Short Sale: Improving the Short Sale Experience An Important Note About the Content of This Presentation While every effort has been made to ensure the accuracy of the content, Fannie Mae s
OCF REALTY PROPERTY MANAGEMENT SERVICES BUY RENT SELL DEVELOP OCFREALTY.COM PHILADELPHIA, 19146
OCF REALTY PROPERTY MANAGEMENT SERVICES INFO@ RENT. BUY. SELL. DEVELOP. PHILADELPHIA S LEADING PROPERTY MANAGEMENT GROUP Welcome to OCF Realty, Philadelphia s leading neighborhood real estate and property
Realty Associates 1223 Antoine Houston, TX 77055 Phone 713-530-2455 Fax 281-901-9662
Thank you for the opportunity to represent you in the purchase of your new home. I think of my clients as individuals with specific needs. With this in mind, my team and I strive to give you exceptional
A. Confirm Buyer has been pre-qualified by a lender (If not, Buyer Agent will introduce lender) 2. How much was the buyer pre-qualified for?
Home Buying Process I. Interview A. Confirm Buyer has been pre-qualified by a lender (If not, Buyer Agent will introduce lender) 1. When was the buyer pre-qualified? 2. How much was the buyer pre-qualified
Presents. FHA Streamlined(K) & 203(k) Training. July 20, 2011 7/18/2011. FHA Streamlined(k) Rehab Program
Presents FHA Streamlined(K) & 203(k) Training July 20, 2011 FHA Streamlined(k) Rehab Program Enables borrowers to finance both the purchase or refinance of a home and the cost of its rehabilitation through
Buyer s Advantage Program
contents 03 Buyer s Advantage Program What you need to do to get enrolled 04 Buyer Advantage Program Enrollment Form 05 Buying with the Misty SOLDwisch Home Selling Team 06 Home Buying Process 07 Tasks
The Transaction List. Pre-listing activities. Listing appointment presentation
The Transaction List A few years ago, a group of REALTORS in Florida compiled a detailed list of all the duties a REALTOR performs to sell a home. From listing to closing, the list grew to a staggering
Order #: 130902-05496-5
Client: Is the subject Property currently listed? Yes, currently RESIDENTIAL VALUATION SERVICES (RVS) - BROKER PRICE OPINION Property Type: SFR Condo Co-op PUD Manufactured Other Original List Price: Date:
Kody & Company, Inc. Real Estate Specialists 60 Ashland St. North Andover, MA. 01845 Ph. 978-686-1954 Fax 978-686-1413 www.kodyco.
Kody & Company, Inc. Real Estate Specialists 60 Ashland St. North Andover, MA. 01845 Ph. 978-686-1954 Fax 978-686-1413 www.kodyco.com Buyer Book Agency Relationship Preparing for Home Ownership Assessing
LHFS Wholesale. HECM for Purchase Training Home Equity Conversion Mortgage. Great Rates. Great Programs. Great Service.
LHFS Wholesale HECM for Purchase Training Home Equity Conversion Mortgage Great Rates. Great Programs. Great Service. Discover the HECM for Purchase Loan The HECM for Purchase Program is a Federal Housing
More than 35 Mortgage Loan Officers who live and work in your neighborhood. Lending in MA, NH, RI, ME, CT & FL
Founded in 1855 More than 35 Mortgage Loan Officers who live and work in your neighborhood. Lending in MA, NH, RI, ME, CT & FL Largest servicer of mortgage loans headquartered in New England. Finances
Understanding The Standard FHA 203(k) Standard Rehab Loan Program
Understanding The Standard FHA 203(k) Standard Rehab Loan Program FHA s 203K Rehab Program The FHA 203(k) program is HUD s primary program for the rehabilitation and repair of residential properties This
SUCCESSFUL HOMEBUYING HANDBOOK. A Guide For Your Successful Home Purchase
SUCCESSFUL HOMEBUYING HANDBOOK A Guide For Your Successful Home Purchase INTRODUCTION Buying a home is one of the most important purchases most of us make during our lifetimes. To make certain you are
PROPERTY MANAGEMENT SERVICES PROPERTY PRESENTATION
PROPERTY MANAGEMENT SERVICES Over the past 14 years, Nester Property Management Corp. has helped many people like you realize strong financial rewards in the lucrative field of "small" and "large" investment
Will Lenders or Banks do short sales if the mortgage is current?
Frequently Asked Questions FAQ What is a short sale? A short sale is when your Lien Holder(s) agree to accept less than you owe in order for you to sell your home. They agree to a discount of the mortgage
Homebuyer Education: What You Need to Know
Homebuyer Education: What You Need to Know Today s Objectives Prepare your finances for home ownership Steps to mortgage prequalification Shopping for a home- who are the major players? Choosing the correct
Buying a Home. 2012 Page 1 of 6, see disclaimer on final page
Buying a Home Page 1 of 6, see disclaimer on final page Buying a Home What is it? Finding the right home to buy can be a challenging prospect, but knowing what to expect can make the process easier. You
Renovation. Your Guide Through the Process
Renovation Your Guide Through the Process Renovation Financing: An Investment in the Future TABLE OF CONTENTS An Investment in the Future.......... 1 An Opportunity for Everyone......... 2 Who can benefit
How To Access Hundreds Of Divorce Leads.
How To Access Hundreds Of Divorce Leads. PUBLISHED BY: Curry Programs 4300 Marsh Landing Parkway Suite 101 Jacksonville Beach, FL 32250 Renegade Agent Marketing Corp. All Rights Reserved. May be shared
HOME BUYING GUIDE Step 1. Pre-Approval/ Mortgage Options
HOME BUYING GUIDE Buying a home will be one of the biggest decisions of your life. We believe that education and a general understanding of the process keeps our clients more informed and confident about
All contents copyright 2009 2011 by 203KMortgageLender.com. All rights reserved. No part of this document or the related files may be republished to
All contents copyright 2009 2011 by 203KMortgageLender.com. All rights reserved. No part of this document or the related files may be republished to any website, blog, ebook etc. without prior wri en permission.
City of Victorville Mortgage Assistance Program Application (80% AMI)
City of Victorville Mortgage Assistance Program Application (80% AMI) Congratulations on taking steps towards homeownership. The City of Victorville, through its Mortgage Assistance Program, offers up
How To Access Hundreds Of Divorce Leads.
How To Access Hundreds Of Divorce Leads. PUBLISHED BY: Curry Programs 4300 Marsh Landing Parkway Suite 101 Jacksonville Beach, FL 32250 Renegade Agent Marketing Corp. All Rights Reserved. May be shared
Energy Efficient Mortgage Home Owner Guide
This page is located on the U.S. Department of Housing and Urban Development's Homes and Communities Web site at http://www.nls.gov/offices/hsg/sfh/eem/eemhog96.cfm. Energy Efficient Mortgage Home Owner
WE WILL BUY YOUR HOUSE FAST!
Who Are We? Homes Re-Imagined is a full service professional real estate solutions company located in the Northern Virginia area. Founded in 2014 as a family enterprise by John P. Bradford and Dorann Bradford,
HOMEPATH BUYERS GUIDE WWW.HOMEPATH.COM
HOMEPATH BUYERS GUIDE WWW.HOMEPATH.COM Buyers Guide Buyers Guide For a Fannie Mae-owned Home Whether you re buying your first home or your fifth, the experience can be exciting, confusing, overwhelming
Helping You With Your Home Purchase
Financing Organizing your finances is the critical first step in your home purchase > Consider the one-time costs associated with a home purchase, including a down payment, legal fees, inspection fees,
Property Management Client Agreement
Property Management Client Agreement 15849 North 71 st Street Suite 100 Scottsdale, Arizona 85254 Office 480.661.1700 Fax 866.748.9206 Mario@ScottsdaleLuxuryProperties.com PropertyManager@ScottsdaleLuxuryProperties.com
Preparing for homeownership
Preparing for homeownership What we ll cover 1. Getting ready for homeownership 2. Mortgage basics 3. What you need to buy a home 4. Finding the right home 5. Resources 2 Getting ready for homeownership
A Guide To An FHA 203(k) Loan
A Guide To An FHA 203(k) Loan US Mortgage Corporation (NMLS ID#3901). Corporate Office is located at 201 Old Country Road, Suite 140, Melville, NY 11747; 631-580-2600 or (800) 562-6715 (LOANS15). Licensed
HOME BUYING LOAN SOLUTIONS
HOME BUYING LOAN SOLUTIONS A Guide to Realizing Your Dream Home Every homebuyer is unique, so are we. Our goal is to provide education and guidance to ensure that our clients understand the lending process
Home Buying Dos and Don ts
Compliments of Records Results Real Estate Fulfilling Dreams in Paradise! 239-205-8966 Home Buying Dos and Don ts Home Buying Dos and Don ts 2 Table of Contents Introduction...4 Home Buying Dos and Don
HUD Marketing Approaches Each HUD REO property will be offered for sale using one of the approaches listed below.
HUD REOs Overview Through the Property Disposition Insured Sales Program, HUD offers its Real Estate Owned (REO) properties for sale with FHA-insured financing available. Properties must meet the intent
Short Sales Suggestions and Practices. Listing Agent
Short Sales Suggestions and Practices Listing Agent Disclaimer: The information provided in this document is not intended to be a substitute for or provide legal advice to the agent and brokers or buyers
BUYER'S DISCLOSURE STATEMENT
Marin County Below Market Rate Home Ownership Program BUYER'S DISCLOSURE STATEMENT Buyer(s): Property Address: Name of Development: Local Jurisdiction: Income Category of Unit: Purchase Price: NOTICE:
Selling To A Real Estate Investor
Selling To A Real Estate Investor Learn How to Sell l Your House Fast and in AS IS condition We Buy Houses Fast & in as is Condition Office: 617-860-2782 3 Options to Sell Your Home for Maximum Speed and
Questions & Answers About Buying A New Home
Kim O Leary Prudential RealtyCenter.com 7522 E Brainerd Road Chattanooga, TN 37419 Questions & Answers About Buying A New Home Dear Future Homeowner: A home is a financial asset and more: it's a place
Purchase and rate/terms only. Streamline Standard (aka full consultant) Cash out to borrowers is not allowed
February 2014 The FHA 203K program is HUD s primary program for the rehabilitation and repair of residential properties There are 2 different 203(k) programs offered: Streamline Standard (aka full consultant)
SPECIAL REPORT: How to Use the 203K Loan Program to Profit From the Foreclosure Crisis
SPECIAL REPORT: How to Use the 203K Loan Program to Profit From the Foreclosure Crisis Presented By: RGR Construction, Ltd. 1-877-289-7231 Welcome, and thank you for ordering this report from RGR Construction
Guide for Homebuyers
Guide for Homebuyers Tips for Getting a Safe Mortgage You Can Afford Q u i c k S u m m a ry Figure out what you can afford. Contact at least 3 different lenders or brokers. When you call, say: I m buying
GENERAL TIPS FOR BUYING/SELLING A HOME Office of the Staff Judge Advocate, MacDill Air Force Base, Florida (813) 828-4422
GENERAL TIPS FOR BUYING/SELLING A HOME Office of the Staff Judge Advocate, MacDill Air Force Base, Florida (813) 828-4422 TYPES OF HOMES Buying a house will be one of the biggest investments one will ever
Renovation. Your Guide Through the Process
Renovation Your Guide Through the Process Renovation Financing: An Investment in the Future TABLE OF CONTENTS An Investment in the Future.......... 1 An Opportunity for Everyone......... 2 Who can benefit
FAQ s in general VA Loans
Oscar Castillo - REALTOR - Broker Associate (858) 775-1057 CalBRE lic# 01140298 www.oscarsellshomes.com FAQ s in general VA Loans General questions regarding the VA Loan program. What is the History of
No jobs like homes: Careers in helping home buyers and sellers
No jobs like homes: Careers in helping home buyers and sellers Millions of people buy and sell homes each year. And because these transactions are often complex, many home buyers and sellers turn to workers
Table of Contents. Enjoy your retirement years 1. Loan App: Checklist 7
Table of Contents Enjoy your retirement years 1 Program Overview Why get a HECM? 1 HECM vs. Traditional Mortgages 1 HECM Benefits 1 Loan App: Checklist 7 Contact Information 8 Q and A 2 HECM SAVER Overview
HECM FOR PURCHASE. A complete guide to purchasing a home with a reverse mortgage. MLS Reverse Mortgage (888) 888-4834
HECM FOR PURCHASE A complete guide to purchasing a home with a reverse mortgage MLS Reverse Mortgage (888) 888-4834 Your Pathway to......a Purchase Reverse Mortgage What is a Reverse Mortgage? Purchase
Buy a home, plus make improvements, with just one loan
Homebuyer guide to a mortgage with built-in renovation financing Buy a home, plus make improvements, with just one loan Learn how Are you thinking of buying a home that needs work? Well Fargo is here to
About the Speaker. » Nego3ated, managed, and coordinated over 130 real estate transac3ons in 4 states, totaling over $23 Million in value.
About the Speaker» Aaron Lebovic is a third genera3on real estate investor. He graduated from the University of Denver in March of 2002 with a BS in Business Administra3on and a Major in Finance and Marke3ng.»
Construction-to-Perm FHA One Time Close. Construction Financing for Today's Market
Construction-to-Perm FHA One Time Close Construction Financing for Today's Market AGENDA Overview Construction-to-Perm Guidelines Eligibility Requirements Documentation Requirements (Closing and Endorsement)
To Buy Your Dream Home... Step by Step
To Buy Your Dream Home... Step by Step Compliments of AZ Peak Realty Rule #1 Seek good Advice! How To Find and Own Your Best Home Choice Homes-Phoenix-AZ.com azpeakrealty.com... info@azpeakrealty.com 602-931-1010