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COMMUNITY OUTREACH UPDATE

November 12, 2004

"Simple Selling of HUD Homes" Seminar

• What – Broker Training
• Where – Salem, Oregon
• When – 1:30 p.m. to 4:30 p.m.
• Contact – Jill McDonald

A training seminar for Broker/Sales Agents and interested parties on how to sell HUD Homes

Thank you Brokers and Real Estate Agents!

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Announcement:

HMBI’s Second "Simple Selling of HUD Homes" was again a huge success!
The second industry training seminar "Simple Selling of HUD Homes" was held Thursday, November 11, 2004, at the Red Lion Hotel in Hillsboro Oregon. The HMBI industry training is free and last for approximately three and one half hours. Approximately 200 people attended consisting of; Brokers, Investors, Homes Inspectors, and closing Companies.

IMPORTANT TOPICS: Question – Does the Designated Broker need to be present at the home inspection? (The question was raised due to how the inspection addendum is worded) Answer – No. The Designated Broker is signing off on the broker being present at the time of the inspection. Question – Do we earn Continuing Education Credit for the Seminar? Answer – Yes. You may obtain three credit hours with your Designated Brokers approval. Question – How do we handle the transistion phase with Golden Feather? Answer – Please be aware that both HMBI and Golden Feather currently have properties listed for sale. HMBI is scheduled to handle full management and marketing responsibilities for HUD in the near future. During this time please view both our web site and Golden Feather’s web site to locate HUD Homes for sale. You must follow the appropriate website bidding guidelines according to which site the property was listed on.

Attendees to HMBI’s "Simple Selling of HUD Homes" training seminar obtained answers to their questions such as where to find properties, how to electronically bid, what is a property condition report, and what are the required documents to submit with a purchase contract.

HMBI’s Community and Government Affairs Department and staff look forward to working with Brokers and any interested parties in Oregon interested in purchasing a HUD Home. We are dedicated to working with you and may be reached for futher questions at 425-378-9500.

Our mission is to make "Simple Selling of HUD Homes" a reality. With the assistance of Oregon Brokers working together with us we are confident to expect success.

THANK YOU FOR ATTENDING THE HILLSBORO "SIMPLE SELLING OF HUD HOMES" SEMINAR! There is a customer satisfaction survey online at http:www.hmbireo.com/hcsurvey.php. Share your thoughts with us in the comments section, e-mail the comments or print and fax to 425-747-7465 Attn: Jill McDonald. Once you have completed a sales transaction feel free to revisit the survey with your buyer and forward their thoughts on the management and marketing process of buying a HUD Home. We appreciate the comments!

Have a wonderful holiday season!

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