hud foreclosure hud reo: Life and death decision: Before you counter that offer, consider this!
- 09/16/11 02:31 PM
When a seller chooses to counter-offer rather than accept an offer, he/she kills the original offer. The offer is DEAD, and it was killed by the side who countered it rather than accepting it. That's a powerful message, because sellers and buyers often assume that they are "keeping the deal alive" when they counter. Donna and Mike Scott make that point clearly in their article, Are You Presenting Offers as Well as You Should Be? The Scotts provide several strong arguments for why agents should have a serious discussion with sellers before they counter any offer. In fact, though, both sides … (8 comments)
hud foreclosure hud reo: Sorry, Charlie! You are ineligible to write that offer!
- 08/25/11 04:51 AM
HUD does NOT notify companies when their NAID number is expiring. The day you write an offer is NOT the time to discover that your firm's NAID (Name Address IDentifier) has expired. Any agent representing a client in the purchase of a HUD-owned property must have an active NAID number, and an expired one cannot be used even temporarily. NAID numbers must be renewed annually, and the process has no fast-track option. Finding the renewal date is easy. Follow these steps:
Go to the the HUDHomestore website by clicking HERE. Click on the NAID Registration link (note … (5 comments)
hud foreclosure hud reo: Everything you always NEEDED to ask but forgot to ask
- 05/19/11 04:43 PM
Scattered over the last two plus years are pieces I have written on how to swim with the sharks in the foreclosure market. Agents and buyers, alike, often struggle with parts of the process, so I am including links below to some of my "how to" entries. Facts about purchasing a HUD property that you may not know: The Buyer has to Turn on the Utilities? Registering and bidding on a HUD property: Illustrated guide to using HUDHomestore Time of day to make your client's bid: Timing DOES matter on BidSelect REO basics, including what the initials mean: Rio? As in Rio … (10 comments)
More information about this house can be found HERE. This property is being sold by HUD. For more information about purchasing a HUD home, HUD Homes and Inspections. * * * * * * * * * * * * * * * If you are looking for a foreclosure in Cape Girardeau, Perry, N. Scott, or Bollinger counties, I am the region's most experienced REO agent. As the area's ONLY Fannie Mae direct listing agent, I list more foreclosure properties than any other agent in this MLS. I am the only local agent approved to both list and sell … (4 comments)
hud foreclosure hud reo: WHAT BID??? I just want to turn in a contract to the listing agent!
- 01/24/11 03:10 PM
You or your client found the perfect property; but then you find out that you have to make a bid on the client's behalf, instead of simply presenting a contract to the listing agent. Don't despair! BidSelect® is one of the sites you might run into, and navigating the site is really not difficult. To make it easier, here are instructions COMPLETE with illustrations. NOTE that the listing agent cannot input the offer for you in most instances, so you will have to register and place the bid for your client, unless you intend to refer the client. Instructions for using BidSelect® … (6 comments)
hud foreclosure hud reo: HomePath.com is the place to start looking for a foreclosure bargain
- 01/16/11 03:42 PM
HomePath.com is the Fannie Mae consumer website. If you are interested in purchasing a foreclosure property, it’s a good place to start. Not only can you search for Fannie Mae properties that are for sale in your area, you can learn about HomePath financing, be introduced to the FirstLook program, listen to podcasts, and access a complete Buyer’s Guide. If you are seriously considering a HomePath property, please also click on the HomePath Financing tab. Choosing a HomePath lender will save you money. You certainly do not have to use a HomePath lender to purchase a Fannie Mae foreclosure, but you will be … (3 comments)
hud foreclosure hud reo: HUD listings migrate to HUD Homestore
- 09/08/10 12:14 PM
The roll-out of HUD's new site for viewing and bidding on HUD properties is underway. Buyers and agents who have been using BidSelect will need to register on the new site, HUD Homestore. While properties are still on BidSelect, the change-over is in full swing. HUD Homestore is the new website that will feature all HUD homes, and it is also the new bidding site. With an increasing number of foreclosures, new "Marketing and Management 3" vendors, the new website, and increased publicity, HUD may be gearing up to be an even bigger REO player than in the past. Though buyers can "shop" … (4 comments)
When a seller chooses to counter-offer rather than accept an offer, he/she kills the original offer. The offer is DEAD, and it was killed by the side who countered it rather than accepting it. That's a powerful message, because sellers and buyers often assume that they are "keeping the deal alive" when they counter. 
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