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"[we're] running a 3 day backlog on contracts"
-chaos will plague the sales process for the foreseeable future, but closings are happening. As of December 12, 2010– The $100 down program is NO longer available in the following states: DE, MD, DC, VA, WV, PA, OH, MO, AR, LA, TX, OK, KS, CO, UT, and NM. Please discontinue any advertisement of this program.
Even if your broker has a NAID, they must be registered at HUDhomestore.com or you wont be able to bid! Check your broker's NAID registration status here.
-Actual HUD policy... not the interpreted mumbo jumbo from people that have no experience. This is the real deal:
http://www.access.gpo.gov/cgi-bin/cfrassemble.cgi?title=201024 more specifically: http://www.access.gpo.gov/nara/cfr/waisidx_10/24cfr291_10.html ... I think i just called HUD a horse.
Actual HUD policy... not the interpreted mumbo jumbo from people that have no experience. This is the real deal: http://www.access.gpo.gov/cgi-bin/cfrassemble.cgi?title=201024 -bid deadline on hudhomestore does not reflect when offers will be reviewed and awarded. Awards may take place prior to bid deadline. this deadline is for exclusive owner offupant period only.
-after submitting bid, print PCR, repair escrow sheet and LBP addendum. These items will not be available on hudhomestore.com after the bid is awarded. -visit hudpemco.com to print sales contracts -make earnest payable to HUD (only) -must mail contracts to: Pemco ltd, 4500 cherry creek dr south #410, Glendale CO 80246 within 48hrs
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March 2011
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