A to Z Buying and Selling HUD Home Online

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Objectives:  This class is designed to teach today’s real estate agent the process of buying, selling and closing HUD homes.  This class focuses on the entire HUD home buying process from registering to bid on HUD homes to submitting a bid and ultimately following accepted offers to close of escrow.  Learn the ins and outs of the new websites, new owner occupant bidding timelines, commissions and more.  HUD home sales are a rapidly growing part of today’s marketplace. The Federal Government has a very rigid process for offering these properties for sale.

 3- Hours Contract Law CE

Lessons

5-How to Sell HUD Homes – AZ HUD

Length: 6 minutesComplexity: Standard

🔊 Listen to Lesson The following information is provided to as an introduction to the process through which HUD homes can be purchased and resold. How Are HUD Homes Sold? When a HUD Home…The following information is provided to as an introduction to the process through which HUD homes can be purchased and resold. How […]

6-Listing of HUD Homes – AZ HUD

Length: 7 minutes

🔊 Listen to Lesson  Advertise HUD Homes Any licensed real estate broker or agent may advertise HUD homes, as long as they have an active NAID. All advertising of HUD Homes must comply with… Advertise HUD Homes Any licensed real estate broker or agent may advertise HUD homes, as long as they have an active NAID. […]

7-FHA REO Management and Marketing Contractors – AZ HUD

Length: 6 minutesComplexity: Standard

🔊 Listen to Lesson FHA Management and Marketing Structure (M&M III) In 2010, HUD launched the third generation of its Management and Marketing (M&M) program, known as M&M III. These new contracts will streamline HUD’s…FHA Management and Marketing Structure (M&M III) In 2010, HUD launched the third generation of its Management and Marketing (M&M) program, known as […]

9-Registering as a Bidder – AZ HUD

Length: 6 minutesComplexity: Standard

🔊 Listen to Lesson HUD requires each selling broker and agent (as well as nonprofits and government agencies) to register as a bidder prior to submitting any bids. Please note that the broker cannot…HUD requires each selling broker and agent (as well as nonprofits and government agencies) to register as a bidder prior to submitting […]

10-Purchase a HUD Home – AZ HUD

Length: 7 minutesComplexity: Standard

🔊 Listen to Lesson After selecting a property, interested purchasers submit their bids via www.HUDHomestore.com. A HUD-registered broker or real estate agent must submit an electronic bid on behalf of an owner occupant, investor,…After selecting a property, interested purchasers submit their bids via www.HUDHomestore.com. A HUD-registered broker or real estate agent must submit an electronic […]

13-Information on Special Programs – AZ HUD

Length: 6 minutesComplexity: Standard

🔊 Listen to Lesson Good Neighbor Next Door (GNND) Sales Program  About the GNND Sales Program The program is designed to encourage a renewal of revitalization areas in order to help communities and promote…Good Neighbor Next Door (GNND) Sales Program  About the GNND Sales Program The program is designed to encourage a renewal of revitalization […]

14-Important Information About HUD Homes – AZ HUD

Length: 7 minutesComplexity: Standard

🔊 Listen to Lesson Listings and Bidding Real estate agents and the general public can view the inventory of available properties for sale at  HUD Home store. Real estate agents will also find them…Listings and Bidding Real estate agents and the general public can view the inventory of available properties for sale at  HUD Home […]

15-Search for and Bid on Available Properties – AZ HUD

Length: 11 minutesComplexity: Standard

🔊 Listen to Lesson To bid on HUD Homes, you must first find the property for which you wish to bid on HUD Home store, using one of the several methods. From the map…To bid on HUD Homes, you must first find the property for which you wish to bid on HUD Home store, using […]

16-Modifying, Withdrawing or Cancelling a Bid – AZ HUD

Length: 7 minutesComplexity: Standard

🔊 Listen to Lesson BLB Resources recommends that all agents log into their HUD Home store profile prior to submitting a bid. This will help ensure agents are registered and able to log in…BLB Resources recommends that all agents log into their HUD Home store profile prior to submitting a bid. This will help ensure […]

18-Reviewing, Modifying, Withdrawing a Bid HUD – AZ HUD

Length: 8 minutesComplexity: Standard

🔊 Listen to Lesson Reviewing a Bid Log into your HUD Homestore account. The Review Your Bids screen appears. Leave all the fields blank and click the Search button. Your most recent bids display…Reviewing a Bid Log into your HUD Homestore account. The Review Your Bids screen appears. Leave all the fields blank and click […]

20-Complete Contract Package may also include the following – AZ HUD

Length: 8 minutesComplexity: Standard

🔊 Listen to Lesson Lead-Based Paint Addendum (required if built prior to 1978). Additional LBP Information Receipt Addendum (required if built prior to 1978). Flood Zone Disclosure and Addendum (required if located in a…Lead-Based Paint Addendum (required if built prior to 1978). Additional LBP Information Receipt Addendum (required if built prior to 1978). Flood Zone […]

21-Other Changes after Contract Ratification – AZ HUD

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson Cancellation after Contract Ratification In the event a purchaser wishes to cancel a contract after ratification, they will submit a signed BLB Resources Cancellation Request form to the appropriate BLB…Cancellation after Contract Ratification In the event a purchaser wishes to cancel a contract after ratification, they will submit a signed BLB […]

22-Buyer Select Closing Agent Programs – AZ HUD

Length: 7 minutesComplexity: Standard

🔊 Listen to Lesson HUD has implemented a “Buyer Select” closing agent program. All Buyers whose contracts are executed on or after November 17, 2013, in Arizona will be required to select their own…HUD has implemented a “Buyer Select” closing agent program. All Buyers whose contracts are executed on or after November 17, 2013, in […]

23-Information on Earnest Money Deposits

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson Earnest Money Deposit (EMD) Requirements The EMD check must be made payable to “(insert buyer’s selected escrow company) or (insert buyer’s name).” For example, if the purchaser is named John…Earnest Money Deposit (EMD) Requirements The EMD check must be made payable to “(insert buyer’s selected escrow company) or (insert buyer’s name).” […]

25-Final Exam – AZ HUD

Length: 0 minutesComplexity: Standard

🔊 Listen to Lesson You will need to wait for the timer to run out The Final is not timed. Once you have passed this final… A to Z Buying and Selling HUD Home…You will need to wait for the timer to run out The Final is not timed. Once you have passed this final… […]

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