A to Z Buying and Selling HUD Homes

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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

Who qualifies to buy a HUD Home

Length: 7 minutesComplexity: Standard

🔊 Listen to Lesson There are five purchaser types: Owner occupant, Investor, Good Neighbor Next Door Participants, Government Entities, and Nonprofit Organization. Almost anyone! If you have the cash or can qualify for a…There are five purchaser types: Owner occupant, Investor, Good Neighbor Next Door Participants, Government Entities, and Nonprofit Organization. Almost anyone! If you […]

Financing types

Length: 7 minutesComplexity: Standard

🔊 Listen to Lesson HUD Homes may always be purchased using cash, conventional, or other special financings. However, FHA offers financing options that are tailored to HUD Homes. There are many variables that are…HUD Homes may always be purchased using cash, conventional, or other special financings. However, FHA offers financing options that are tailored to […]

Section 1 Exam-A to Z Buying and Selling HUD Homes

Length: 3 minutesComplexity: Standard

🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.

How to Sell HUD Homes

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 […]

Listing of HUD Homes

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. […]

FHA REO Management and Marketing Contractors

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 […]

Section 2 Exam-A to Z Buying and Selling HUD Homes

Length: 3 minutesComplexity: Standard

🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.

Registering as a Bidder

Length: 9 minutes

🔊 Listen to Lesson How to Register On HUD Home Store  HUD requires each selling broker and agent (as well as nonprofits and government agencies) to register as a bidder prior to submitting any…How to Register On HUD Home Store  HUD requires each selling broker and agent (as well as nonprofits and government agencies) to […]

Purchase a HUD Home

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 […]

Home Inspection & As IS

Length: 8 minutesComplexity: Standard

🔊 Listen to Lesson Home inspection All HUD Homes are sold “As Is.” HUD does not make any repairs to the property, and does not guarantee or make any representations or warranties as to…Home inspection All HUD Homes are sold “As Is.” HUD does not make any repairs to the property, and does not guarantee […]

Section 3 Exam-A to Z Buying and Selling HUD Homes

Length: 3 minutesComplexity: Standard

🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.

Information on Special Programs

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 […]

Important Information about HUD Homes

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 […]

Search for and Bid on Available Properties

Length: 9 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 […]

Modifying, Withdrawing or Cancelling a Bid

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 […]

Section 4 Exam-A to Z Buying and Selling HUD Homes

Length: 3 minutesComplexity: Standard

🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.

How to Complete a HUD Sales Contract Package

Length: 9 minutesComplexity: Standard

🔊 Listen to Lesson  Example of HUDs Contract Cover Sheet When data is entered on the cover page of the electronically fallible sales contract package, it will auto-populate the appropriate fields of the sales… Example of HUDs Contract Cover Sheet When data is entered on the cover page of the electronically fallible sales contract package, it […]

Complete HUD Contract Package MUST include

Length: 8 minutesComplexity: Standard

🔊 Listen to Lesson Sales Package Requirements Please always visit the Agent Resources page for your state on our website to obtain the most current version of the sales contract packages. Please note that…Sales Package Requirements Please always visit the Agent Resources page for your state on our website to obtain the most current version […]

Complete Contract Package may also include the following:

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 […]

Other Changes after Contract Ratification

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 […]

Buyer Select Closing Agent Programs

Length: 4 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 […]

Information on Earnest Money Deposits

Length: 4 minutesComplexity: Standard

🔊 Listen to Lesson Earnest Money Deposit (EMD) Requirements The earnest money deposit must be in the form of cashier’s check, money order, or other certified funds with no termination date or cancellation provision.…Earnest Money Deposit (EMD) Requirements The earnest money deposit must be in the form of cashier’s check, money order, or other certified […]

Section 5 Exam-A to Z Buying and Selling HUD Homes

Length: 3 minutesComplexity: Standard

🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.

Final Exam-A to Z Buying and Selling HUD Homes

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… For The For Contract Law Course Remember to PRINT OUT…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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