Sorry, Charlie! You are ineligible to write that offer!

Reblogger Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI


Extremely helpful and timely reminder fron Liz Lockhart, Century 21 Key Realty, Cape Girardeau, MO regarding HUD NAID (Name Address Identifier) expirations.

She provides a great tutorial for renewals ... easily followed and understood.

Hope it helps all those that handle the renewal process for their firm ...

Gene

Original content by Liz Lockhart 2004008944

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 yellow highlight in illustration below)

Liz Lockhart, Cape Girardeau real estate agents

 

 

 

  • Click on the Check Current NAID Registration Status button (note yellow highlight in illustration below)

Liz Lockhart, Cape Girardeau real estate agents


  • Fill in your company's social security or EIN (whichever was used when applying for the NAID) and click Submit button

 

Liz Lockhart, Cape Girardeau real estate agents


If you have not checked your company's NAID status recently, I suggest you do that before you even show a HUD-acquired property. Just as you would print out the MLS sheet in preparation for a showing, you should check to see if you are even eligible to write an offer on the property.

What should you do if you find that your company NAID has expired? Refer the client to an agent whose company has an active NAID. The renewal process can take several weeks. I repeat--there is no fast track option!

Click to email Liz   Call on Liz Lockhart for A Higher Degree of Excellence

©2011 Liz Lockhart (if you reblog, link back and leave copyright tag intact) Protected by Copyscape Originality Check

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Rainmaker
400,198
Michael Collins
*ROCK REALTY|Broker|Realtor|Real Estate|WI Short Sale Agent* - Janesville, WI
CDPE, SFR , Wisconsin Short Sale Specialist Realto

I will keep that in mind Gene if/when I get a HUD NAID in the future.

Aug 25, 2011 05:30 AM #1
Rainmaker
1,220,411
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Hey!  Good to hear from you.  How's Janesville doing??  Hope biz is good ... and glad the post helped ...

Gene

Aug 25, 2011 05:35 AM #2
Rainmaker
1,060,264
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Gene-This is a greeat reblog. I wish we always got notification of things like this. It is hard to remember everything. I love your header banner. Have yourself a wonderful afternoon and evening.

 

Aug 25, 2011 08:16 AM #3
Rainer
238,346
Anne M. Costello
Weidel Realtors - Yardley, PA

Gene: This is a great re-blog. This little step has a way of sneaking up on us. Thanks for the reminder!

Aug 25, 2011 10:22 AM #4
Rainmaker
1,220,411
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Thanks Sharon!  Glad you found the re-blog beneficial.  Hope your holiday weekend is a great one ...

Anne:  My pleasure.  Great to hear from you.  And yes, sometimes the reminder is needed and comes at a perfect time ..

Gene

Sep 04, 2011 08:14 AM #5
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Rainmaker
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience
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