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COMMUNITY OUTREACH UPDATE
October 27, 2004
HMBI Broker Notification – "Simple Selling of HUD
Homes" Seminar
• What – Broker/Real
Estate Agent Training
• Where – 14625 NE 24th Street, Bellevue, WA 98006
• When – 9:30 a.m. to 12:30 p.m.
• Contact – Jill McDonald
A training seminar for Broker/Sales agents and interested
parties in how to sell HUD Homes
Thank you Brokers and Real Estate Agents!
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Announcement: HMBI’s "Simple Selling of HUD Homes"
Seminar
Is a Huge success!!!
A "Simple Selling of HUD Homes" training
seminar was held Wednesday 27, 2004 at The Overlake Square Conference
Center in Bellevue Washington. All HMBI training seminars will
be free three and a half hour seminars. It was the first industry
meeting addressing Brokers/Sales agents and interested parties
in how to simply sell HUD Homes. There were 429 people consisting
of, Brokers, Sales Agents, Investors, Lenders, Appraisers, Non-profits
and other entities.
Attendees to HMBI’s; "Simple Selling of HUD Homes"
obtained information on New Broker Registration, where to find
HUD Homes for sale, electronic bidding, property condition report,
and required documents to submit with a sales contract.
Important Topics Addressed: Keys – The
Local Listing Broker (LLB) in the area will provide a locking
system that will allow access to all real estate brokers;
in some remote cases it may not meet the requirements of the
local MLS. In theses instances, the Listing Broker must install
a lock box that meets the requirements of the local MLS within
48 hours. Earnest Money –If the sales price is $50,000
or less the earnest money will be $500. If the sales price
is $50,001 or more the earnest money will be consistent with
market practices, but not to exceed $2,000. Earnest money
must be in the form of certified funds including cashier’s
check, money order or bank certified check. Personal checks
or deposit slips are not acceptable. Funds must be deposited
with a HUD approved closing agent. Funds must be made payable
to "Both" HUD OR Jane Doe. Reminder: "Both"
HUD and the Buyer names must be on the funds and the word
OR must be used between the two names.
The November calendar of HMBI Community Development Outreach
Seminars and events is posted on www.hmbireo.com under the
Community Outreach section The calendar is updated regularly.
Please monitor our website for events near you. Every seminar
or event will require you to rsvp with HMBI through our site.
Dates and times are subject to change.
The Community Development & Government Affairs Department
and HMBI staff looks forward to working with you to make "Simple
Selling of HUD Homes" a reality! We welcome you to contact
us with questions. You may find a customer satisfaction survey
on line….let us know how we are doing!
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