Articles by Author/Contributor:

Brandi Newland, RE/MAX Right Now

NEW – HUD Home Sales Incentives are back!

HUD has recently launched sales incentives for the purchase and sale of HUD homes.

HUD 203(B) Repair Escrow amount increased to $10,000

The FHA repair escrow amount, which allows a borrower to purchase a home that needs repairs using a mortgage, has been increased to $10,000!

HUD 101: Must have a NAID to get paid

A selling broker's NAID number is needed to submit a bid and to get paid by HUD.

HUD 101: Sage Acquisition off to a great start!

Sage Acquisition, HUD's newest Asset Management company, is off to a great start! Checkout what has changed and what has remained the same, here! 

HUD: New Asset Manager Selected!

Sage Acquisitions and PEMCO Limited will oversee HUD's Asset Management’s services in Ohio; slim lining the process from three to one Asset Manager and one Field Service Manager.

Do HUD homes require an Amendatory Clause?

Are you aware that if a borrower enter into a FHA contract for an amount above the home’s value, the buyer may back out of the transaction or renegotiate the sales price because of a required amendatory clause. Check it our here!

HUD 101 HUD homes and Lending

There are always lots of questions about HUD homes and lending. Here Rob Barry, Concord Mortgage Group, and I, do a Q&A on types of loans available to buyers purchasing HUD Homes.

HUD Home Etiquette

Tips for securing keys, handling earnest money deposits and buying and selling HUD homes are discussed here. 

HUD 101: Turning on the utilities for a HUD home

The process for getting the water, gas, and electric turned on in a HUD home and the inspector and appraiser out in the allotted time period can be daunting. But you must persevere if you want to close the deal.