hud properties: New HUD Secretary appointed - 04/18/08 09:48 AM
The Bush Administration appointed a new Secretary of HUD today. The new Secretary Steve Preston was previously in charge of the Small Business Administration a/k/a the SBA and before that the Servicemaster Company which is the franchiser for American Home Shield and various contractor companies. 
  
Steve Preston (above) 
It is not surprising that once again the person in charge of America's Department of Housing and Urban Development has little to no background in either real estate or mortgages.  How else would this giant bureaucracy operate?
I don't want to curse the new guy.  Hopefully he can get something worthwhile done during the next … (0 comments)

hud properties: Secretary of HUD resigns - Can we find someone with a real estate background this time? - 04/01/08 09:42 AM
Yesterday, the U.S. Secretary of Housing and Urban Development a/k/a HUD , Alphonso Jackson, announced his resignation.  This is a big blow for the Bush administration especially during the current downturn in the housing market.  You can read more on the story in USA Today.  This resignation is also in the wake of allegations of mis-management and "cronyism."
   I understand and admire the Bush adminstration's desire for diversity among his cabinet members. But it would be nice if he appointed someone who has experience in the real estate and mortgage industry. Alphonso Jackson was a corporate CEO prior to becoming the HUD secretary. He also ran … (4 comments)

hud properties: HUD owned homes - still some good deals - 03/08/08 06:13 AM
Over the last few years, FHA mortgages became very rare so there were few HUD-owned homes that came up for sale.  HUD homes are the result of an FHA mortgage that gets foreclosed.  Now as FHA mortgages have once again gotten popular, the inventory of HUD homes will eventually increase.
   Even so, there are still some great deals to be found on HUD homes.  Our brokerage has been selling HUD homes for over 10 years.  Not all brokers are registered with HUD, so not all of them can sell these homes.  The paperwork for the bid process is a little tricky, so many … (7 comments)

 
Rob Arnold, Metro Orlando Full Service - Investor Friendly & F (Sand Dollar Realty Group, Inc.)

Rob Arnold

Metro Orlando Full Service - Investor Friendly & F

Altamonte Springs, FL

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Sand Dollar Realty Group, Inc.

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