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.
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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 |
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March 2011
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