bid: Offers on REO properties Chapter One... HUD bidding
- 12/02/13 10:31 AM
Today I wrote two offers. One is on a HUD property and the other is on a Fannie Mae property. Both offers are different to write then the normal offers. We will talk about the HUD property today. When writing up a HUD offer the first thing to make sure of is that your broker has an NAID number. If he doesn't you can't write it up. You have to refer it elsewhere. The next thing you have to do (unless you have already done it) is to register yourself with HUD. When you update your sale person license it is important … (1 comments)
bid: Freddie Mac -- My buyers woes.....Bidding process gets weird.
- 11/14/11 09:35 AM
It started on Tuesday morning (election day)! We saw a cute Freddie Mac property that my buyers liked. I thought there was value (about $15K)... They like the home so I called the listing agent....There was one offer on it....I convinced my buyers to put a bid in a bit high....In less then 2 hours we had a positive answer. The next day they called me back saying they made a mistake...They had to market the property for 48 hours....They rejected our bid and we had to resubmit.Not only that the other offer was an investor offer....
This is a blog about all things real estate (and a few extras). I blog about my buyers, sellers, listings, short sales, the real estate market. I am internet savvy and am trying to learn more skills. I like blogging because I get to share information with other real estate professionals and my clients. I can find you a great home in the Treasure Valley. I was the Democratic Nominee for CD2, Idaho for the US Congress. I have two website: http://www.debbieholmes.net.
Today I wrote two offers. One is on a HUD property and the other is on a Fannie Mae property. Both offers are different to write then the normal offers. We will talk about the HUD property today.
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