hud: What is a NAID and Why You Need One?
- 11/19/13 01:45 PM
What is a NAID and Why You Need One? To become a Selling Broker for HUD Homes, a real estate broker must go through the process of being certified and issued a NAID. There are two forms to complete and required supporting documentation for application for certification. After you have gather all of your documenation, you need to send it to the appropriate HUD HOC (Home Ownerhsip Center) for review and approval. The people at the HUD HOC are great about giving you a call for any missing documentation and working to get you approved. Once a brokerage is approved … (0 comments)
hud: Be Sure To Review The Addendums For HUD Homes BEFORE Bidding
- 08/19/13 01:24 PM
Be Sure To Review The Addendums For HUD Homes BEFORE Bidding Almost all HUD Home Listings have several addendums attached to the listing. As a matter of fact, there is a tab specific to the Addendums that can be found on the Property Details for each listing. The Addendums provide valuable information to both buyers and selling agents about the property and its history and what to expect in the future.
One of THE most important reports to read is the Property Condition Report (PCR). This report is a simplified assessment of the property made by the appraiser covering each … (18 comments)
hud: I Love It When The Client Gets What She Wants
- 03/17/13 04:56 PM
This weekend was absolutely gorgeous! Sunshine, low humidity, great for being outdoors. I thoroughly enjoyed this weather. We are expecting more of the same for the remainder of the week with some rain in the forecast. I should have taken a picture or two to include in this post. Next time... Saturday I met with a client who just won a HUD bid. We were rejoicing together because this contract coming through was so unexpected, and the property was one the client did not initially like. The client had a lot of wants, and we looked at a lot of homes … (6 comments)
hud: Is Selling A HUD Home A Good Thing?
- 03/03/13 10:21 AM
Is Selling A HUD Home A Good Thing? I recently read a comment on another post that said '...I will never sell a HUD home.' Wow! To me that was pretty strong. And I know other agents who will never 'fool around' with a HUD contract. There is a lot of coordination on the selling side of the transaction between getting the contract in on time, setting the property for inspection, and so forth. I get it - some agents just do not want to be bothered with all of the 'steps'. However, I think it is a WONDERFUL thing to … (2 comments)
hud: Fairburn HUD Home in 30213 - 6608 St Jude Drive - $84,000
- 02/15/13 01:14 AM
Fairburn HUD Home in 30213 - 6608 St Jude Drive - $84,000 This Fairburn GA HUD Home in 30213 has five bedrooms and three full bathrooms. This Fairburn GA HUD Home in 30213 has over 2500 square feet of living space and located in the Legacy at St Joseph's subdivision. Just minutes from South Fulton Parkway, this Fairburn Ga HUD Home in 30213 is an awesome value. J W Group Real Estate Sales and Service is a HUD Certified Selling Broker, and our Real Estate Consultants can show you this property and help you make the best bid. Call us at … (5 comments)
It is official! The seller's lender, Bank of America, has approved this property for short sale and we are currently in final negotiations. The borrower is very thankful for the decision by Bank of America to grant the approval to participate in the short sale. We had a much higher appraisal value than anticipated. However, the buyer is staying with us thus far. This is an FHA Pre-Foreclosure Sale Program process, so we need to net back to the seller's lender at 88% of the appraised value.
Do you have … (9 comments)
hud: Multiple Bids on HUD Homes in Fairburn Georgia - And the Winner Is...
- 01/04/13 12:37 PM
Bidding on HUD homes in Fairburn Georgia is a very competitive process. Homes that are insurable under FHA guidelines get the most attention. Of those homes, the ones with the least amount of repairs receive multiple bids on a consistent basis. In a multiple bid situation, how does HUD decide which bid wins for HUD homes in Fairburn Georgia? There are two main factors. First the Net to HUD, and second is the timing of the bid submission. So what do I mean by Net To HUD? I will use an example of a HUD home in Fairburn Georgia listed for … (6 comments)
hud: Bidding on a HUD Home in Fairburn Georgia
- 12/26/12 01:35 AM
Bidding on a HUD Home in Fairburn Georgia As a HUD Certified Selling Broker, it is very important for our office to be knowledgeable of the process for buying a HUD Home in Fairburn. Here are a few important items that buyers need to know when bidding on a HUD home in Fairburn Georgia. 1) Have your financing in order prior to placing a bid - it is VERY important that you have an established plan to purchase your HUD Home in Fairburn Georgia. We talk to a lot of buyers that want to make a bid but are not ready … (11 comments)
hud: Fannie Mae - You Can Think Smarter
- 05/24/12 07:49 AM
This morning I read the banner ad post on AR highlighting that Freddie Mac now allows for electronic signature of its loan documents. That's great news, but I don't see that it has been applied to offer process. I will do some more research. So the Fannie Mae process has to be next in line for further revamping. The new process for making offers is a step towards improvement for Fannie Mae. Buyer's agent create a login and password. Then he or she can locate the property their buyer likes and input the terms of the offer. All is well until … (26 comments)
hud: HUD Home Inventory Increasing in Georgia
- 04/23/12 07:45 PM
HUD Home Inventory Increasing in Georgia While we do have challenges with inventory in Georgia like so many other states, HUD home inventory is on the uptick. During February and March, overall inventory of available properties dropped to the 500 to 600 range. At the start of April, inventory slowly starting increasing. The number of available HUD homes across Georgia rose to an average of 800 homes. This week there is yet a further increase. The number of available HUD properties in Georgia has risen above 1100. HUD properties are government owned foreclosures. It is estimated that there are … (0 comments)
hud: Is The Government Headed Out of the Housing Business or Being More Financially Responsible?
- 03/27/12 06:43 PM
There are a myriad of changes happening with FHA, and they seems to suggest that the US government is pulling back from the business of housing and handing housing back to the free market. Here are the changes scheduled to affect buyers using FHA starting in April 2012. The Upfront Premium will go up from 1.0% to 1.75%. A three quarter percentage points increase is huge. While FHA is continuing to allow borrowers to add this amount into their closing costs, there is concern that buyers will have to bring more cash to the table to close in the coming months. And this … (1 comments)
hud: FHA Mortgage Holders - Relief is Coming For You! HUD Announcement Big News
- 03/06/12 05:43 PM
Yesterday, HUD announced that there is significant help coming for many of its current mortgage holders. In a surprising announce (and sure to confuse some due to other changes), FHA announced 'price cuts to encourage streamline refinancing' (link to the HUD press release). There are two general requirements for borrowers who currently have an FHA insured mortgage. First requirement is that the borrower has to be current on their FHA insured mortgage. The idea is to reward responsible borrowers for staying current on their mortgages. The second requirement is that the FHA insured mortgage must habe been originated on or … (4 comments)
hud: HUD Home - Fairburn GA 30213 - 4090 Oriole Lane - $79,000!
- 03/05/12 01:59 PM
HUD Home - Fairburn GA 30213 - 4090 Oriole Lane - $79,000 This HUD home in Fairburn GA is located very close to downtown in the Avalon subdivision. The HUD home features three bedrooms, two and half bathrooms, in over 2300 square feet of space. This one is a SUPER bargain for the first time home buyer or investor. Call 404 923 4210 extension 1 for immediate information.
HUD Home - Fairburn GA 30213 - 4090 Oriole Lane - $79,000 The HUD home was built in 2007 and originally sold for $188,000. And you can get it today at a … (3 comments)
hud: HUD Home - Fairburn GA 30213 - $120,000 Over 2800 Square Feet!
- 03/04/12 02:16 PM
HUD Home - Fairburn GA 30213 - 325 Buckingham Lane - $120,000 - 4 Bed/2.5 Bath! What a deal on this large HUD home with over 3000 square feet of space! Plenty of space for the first time home buyer! And a good deal for an investor as well. Call 404-923-4210 extension 1 for more information! HUD Home - Fairburn GA 30213 - 325 Buckingham Lane - $120,000 - 4 Bed/2.5 Bath! Ask about the HUD $100 Down Program for owner occupant buyers using an FHA mortgage! Call 404-923-4210 ext 1 for more information on this HUD home! HUD Home - Fairburn GA … (0 comments)
hud: HUD Home - Fairburn GA 30213 - $100,000 Over 3000 Square Feet!
- 03/04/12 01:58 PM
HUD Home - Fairburn GA 30213 - 645 Buckingham Terrace - $100,000 - 5 Bed/3 Bath! What a deal on this large HUD home with over 3000 square feet of space! Plenty of space for the first time home buyer! And a good deal for an investor as well. Call 404-923-4210 extension 1 for more information! HUD Home - Fairburn GA 30213 - 645 Buckingham Terrace - $100,000 - 5 Bed/3 Bath! Ask about the HUD $100 Down Program for owner occupant buyers using an FHA mortgage! Call 404-923-4210 ext 1 for more information on this HUD home! HUD Home - … (0 comments)
hud: Fairburn GA HUD Home - 5004 Autumn Greene - Priced to Sell - $70,000
- 02/20/12 07:01 PM
Fairburn GA HUD Home - 5004 Autumn Greene - Priced to Sell - $70,000 This Fairburn GA HUD Home is an absolute steal of a deal. Four bedrooms, three full bathrooms in over 2600 square feet of space. Sure there are a few minor repairs in this Fairburn, GA HUD Home, but you can allow your 203b to pay for the repairs and roll it into the mortgage. This Fairburn GA HUD Home can be yours today. Call 404 246 3210 for immediate information about this Fairburn GA HUD Home and other HUD Homes in metro Atlanta.
… (1 comments)
hud: What Can Go Wrong With the HUD $100 Down Program
- 01/20/12 04:07 PM
One way that metro Atlanta buyers who are purchasing a HUD home can get into the home with minimal costs is using the HUD $100 Down Program. Buyers in metro Atlanta have to meet two basic requirements to take advantage of the HUD $100 Down Program. Obtain approval using an FHA insured mortgage and make the property their primary residence. Plus metro Atlanta buyers have to work with a lender that participates in HUD's $100 Down Program.
When all of these requirements are met, the result is a happy metro Atlanta buyer who gets a nice new home with minimum … (6 comments)
hud: Congratulations to Jackie Malcom - First Closing in 2012!!!
- 01/10/12 06:21 PM
It's Celebration Time at J W Group Real Estate Sales and Service!!! Today was a special day for The Jordon Wheeler Group Brokerage. We had our first closing, and it was a HUD home in Peachtree City, GA. So I salute Jackie Malcom, Realtor, for her tireless efforts to get this one closed and to represent her clients in the most professional manner possible. If you would like to speak to Jackie Malcom, give her a call at 404 735 8943 or send her an email. 2012 is off to a great start and I thank Jackie for her superb efforts … (3 comments)
Wow! What a deal on this very large College Park HUD Home! Enough space for any buyer at just the right price! This College Park HUD Home is waiting for a new owner to take advantage of it. For more information about this College Park HUD Home, please call 404 246 3210. College Park 30349 HUD Home - Over 4600 sq ft for $238,500 - Six Bedrooms, Five Bathrooms This College Park is FHA insured, so you can get for as little as … (1 comments)
You got it! For $100 Down, get five bedrooms and three full bathrooms and one half bathroom in this fab Fairburn HUD Home! Call 404 246 3210 for more information about Fairburn GA HUD Homes. This fabulous Fairburn GA HUD Home has some minor repairs. But not to worry because the cost can be added to your mortgage using the FHA 203b repair financing for your fabulous Fairburn HUD Home. Call 404 246 3210 for more information about Fairburn GA HUD Homes. … (2 comments)
Serving South Fulton and all of metro Atlanta, The Jordon Wheeler Group is a full service brokerage. We represent sellers, buyers, landlords, tenants, and investors. We are a HUD Certified Selling Broker, and we know the details of Down Payment Assistance in Georgia.
What is a NAID and Why You Need One?
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