HUD Course Successfully Buying and Selling HUD Homes
How to Successfully Buy and Sell HUD Homes
HUD Course
Course Outline
What is HUD Home?
Who Oversees the HUD Process?
How does a Home become a HUD Home?
HUD HOC Geographic Areas
Check Up Quiz: Chapter 1
Who Does What?
Mortgagee Compliance Manager (MCM)
Asset Manager (AM)
Field Services Manager (FSM)
Local Listing Broker (LLB)
Buyer Select Closing Agent (BSCA)
Recap Video
Check Up Quiz: Chapter 2
HUD Incentive and Special Programs
$100 Down Payment FHA Loan
Video Recap on $100 Downpayment Program
$500 Selling Agent Bonus for 203k
GNND (Good Neighbor Next Door)
Check Up Quiz: Chapter 3
1. How Do You Find HUD homes-www.HUDHOMESTORE.GOV
2. NAID (Name Address Identification) registration
3. Register as a Bidder on www.hudhomestore.gov
4. Who Can Bid on HUD Homes? Types of Bidders: Owner Occupants, Investors, Non-Proft and Government
5. Bidding Periods
Locating Addendum on the Hudhomestore.gov
Submitting the Bid-HUDHOMESTORE.GOV
BID Process Tutorial
Check Up Quiz: Chapter 4
What do these abbreviations mean? IN, IE, UI, LBP, F, and HOA
IN-FHA Finance Code-Insurable
IE-FHA Finance Code: Insurable with Escrow
UI-FHA Finance Code-Uninsurable
LBP -Lead Base Paint
F-Flood Zone
HOA- Homeowners Association, Property Owners Association and/or Condo Association
Check Up Quiz: Chapter 5
EMD Amounts
EMD Forfeiture Policy
Check Up Quiz: Chapter 6