HUD Home Photo Brochure for the week of 5-15-2018

We have seen an awesome upswing of available HUD homes for sale in Southern California! Take a look at what’s available and give me a call if you would like to schedule an appointment to take a look at one of these or would like to bid on one.

Call/Text: (626) 252-0839

Email: Yesenia@NewCenturyBroker.com

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Bargain Hunters HUD REO List for 4/21/15

For Information on these and other available HUD homes please visit:

www.HUDHomestore.com

or Contact me:

Direct: (626) 252-0839 Email: Yesenia@NewCenturyBroker.com

PDF Download: Bargain Hunters HUD REO List for 4/21/15

FHA Case # Address City ST Bed Ba   List Price
111-144063 2371 KEENEY RD NORTH POLE AK 1 1 UI 68526
111-141216 5737 S SAWMILL LN TRAPPER CREEK AK 2 1 IE 80150
111-130450 11423 N SECLUSION SHORES WILLOW AK 3 1 UK 68112
023-353191 1020 S DEWEY RD DEWEY AZ 2 1 UK 111672
023-096997 2003 E WAGON WHEEL LN FORT MOHAVE AZ 2 2 UK 124200
022-198566 1618 WEST RUTH STREET TUCSON AZ 3 2 IE 39496
022-207415 651 E STRADA PATANIA TUCSON AZ 4 2 UK 218700
045-758415 5806 RIVER BIRCH DRIVE BAKERSFIELD CA 3 2 IN 197800
048-541935 2126 4TH LN BIG BEAR CITY CA 3 2 IE 101200
043-795341 16761 LAWRENCE WAY GRASS VALLEY CA 3 3 UK 188100
048-497472 72426 SUN VALLEY DR TWENTYNINE PALMS CA 3 2 IE 62560
262-193495 711 S SHERIDAN ST BAY CITY MI 3 1 IE 27520
262-171657 4220 PINE STREET GLENNIE MI 3 1 IE 27520
263-394110 2828 STOCKMAN COURT LANSING MI 3 1.5 IE 40280
263-306524 2528 MANZ ST MUSKEGON MI 2 1 UI 4560
261-823129 13722 SULLIVAN RD MUSSEY MI 4 2.5 IE 57600
263-433537 721 16TH AVE NORWAY MI 3 2 IN 32200
262-165018 2561 MEADOWDALE DR SAGINAW MI 3 3 IE 35520
262-156875 2408 GLENWOOD AVE SAGINAW MI 3 1 IE 11900
262-153388 3027 HANCHETT STREET SAGINAW MI 3 1 IE 34200
262-143554 5905 ENGLISH RD SILVERWOOD MI 3 2 UK 39680
263-396424 17723 BROWNSVILLE RD VANDALIA MI 3 1.5 IE 43200
263-397311 323 W SAINT JOSEPH ST WATERVLIET MI 3 1 IE 35000
431-442020 835 REDWOOD AVENUE BUTTE FALLS OR 3 2.5 IE 169047
431-437906 91708 WINGERT LANE COOS BAY OR 3 2 IE 61472
431-420194 765 F ST INDEPENDENCE OR 3 2 IE 89100
431-465151 7552 CLEAR CREEK RD MOUNT HOOD PARKDALE OR 3 2 IE 180504
431-422900 184 ARIE LN MYRTLE CREEK OR 3 2 IN 64152
431-429626 1173 NE SIMPSON LANE MYRTLE CREEK OR 3 2 IE 86605
431-429133 836 SW 6TH STREET PENDLETON OR 3 2 UI 89100
431-518461 2520 7TH STREET TILLAMOOK OR 1 1 UI 68578
431-454007 327 SE CEDAR STREET TOLEDO OR 3 2 UI 74520
566-002698 5024 FIR ST BLAINE WA 2 1 IE 81000
561-759517 1639 VINE MAPLE LANE CAMANO ISLAND WA 2 1 UK 42592
561-871026 220 HAYES ST HOQUIAM WA 4 1.5 IE 58320
561-791091 700 ELM ST KELSO WA 3 1 IE 69255
562-230298 1616 HWY 25 S A KETTLE FALLS WA 1 2 IE 142884
561-807265 567 17TH AVE LONGVIEW WA 2 1 IE 76545
566-012071 546 26TH AVE LONGVIEW WA 4 1 IE 91080
561-800243 26 MIDDLE LANE OMAK WA 4 2 UK 57816
561-966598 541 WHIDBY AVE PORT ANGELES WA 2 2 UK 75240
561-830600 790 GARDEN ST RAYMOND WA 3 2 UI 47226
562-199036 1208 E RICH AVENUE SPOKANE WA 4 1 UI 55000
561-824777 590 E ENCHANTMENT HEIGHTS UNION WA 3 2 IE 94041

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Successfully Selling HUD Homes Training Tomorrow!

Join us TOMORROW May 8th: HUD Class from 10am-12pm. Jam packed class on HUD basics, HUD Web site search tool, BLB’s resource site, lead generation, contracts, escrow process and marketing examples for leveraging HUD listings for Buyer AND seller leads. RSVP today, seating is limited!

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Update on What’s New with HUD Homes

updatesYesterday I had the pleasure of attending a training given by BLB Resources’ Marketing Director, Ray Warda, at the Agua Caliente Casino Resort and Spa in beautiful Rancho Mirage. It was a packed house despite the rainy commute for most attendees coming from the San Gabriel Valley and LA area but well worth the trek.

If you’ve worked with HUD you know things can change… pretty often. As your local HUD Homes Resource and Broker I want to make sure that you have the latest updates and changes:

Whats Changed?

Exclusive Listing Periods 

  • Exclusive listing periods for FHA-INSURABLE homes is now 15 days rather than 30.
  • Any bids that are placed on Friday, Saturday or Sunday will be combined to be considered on Monday.
  • The 10 day accumulation period at the beginning of the Exclusive period for FHA-INSURABLE homes will extend up to 3 days depending on when the 10th day falls.
  • Bids that come in on a Federal Holiday will be grouped with the previous days’ bids. For example: Bids that were placed on Thanksgiving will be grouped with Wednesdays bids and will be reviewed and considered today.

Changes as it relates to HUD Homestore…

  • Bid submission dates will be extended for bids placed on Friday, Saturday or Sunday. The bid submission deadline will be Sunday at Midnight, Central Time, or Monday at Midnight, Central Time, if that Monday was a Federal Holiday.
  • If the listing period stays the same on Friday-Sunday, and Monday if it happens to be a Federal Holiday, bidders can submit just one bid for a single buyer.
  • If the listing period changes on the weekend or a Federal Holiday, bidders will be able to submit two bids for the same buyer during that time; one bid during the earlier listing period and one bid during the later listing period.

 

TIP: The bid submission deadline and the bid submission time remaining on HUD Homestore will let the bidder know  how much time they have to place bids in each of the listing periods. For Federal Holidays that fall on a weekday, the bid-submission period will extend from the day before the Holiday until the end of the Holiday.

Elimination of Backup Offers

  • Previously if your office was not accepted it was still kept in the system as a possible back up in case the winning bidder backed out or the property fell out of escrow. It was a great option for buyers who really were interested in being considered backups for a certain home in the event that the winning bidder didn’t get their contracts to the Asset Manager within the initial 48 hour deadline because they would be contacted as soon as the initial winner defaulted on the time frame. It also meant that if the winning bidder backed out or cancelled 30 days down the road, the Asset Managers would have to contact each back up bidder and see if they were still interested in the house, with each back up bidder that was being given a chance also came a 48 hour delay which tied up the house and caused unnecessary delays. Many times these buyers had already moved on to other homes and had no interest in the house.
  • Now if the winning bidder cancels, the home will be put back on the market and appear on HUDHomeStore.com for old and new bidders to submit their offers without any delay.

 

Valuation Review Pilot Program

  • HUD is now reviewing BPOs, appraisals, and Automated Valuation Models (AVMs) in order to determine the best market value of the home.

How Does this Affect the Bidding Process? 

  • Previously, HUD Homes were always listed at appraised or “AS IS” value, but with this change you will see more and more homes listed at  prices different from the appraised value.
  • Appraised Value of the home will no longer be listed on HUDHomeStore.com
  • Selling agents will have to make sure that they do their due diligence in looking at the comps around the property before submitting their offers in order to avoid excessive overbids in the case of FHA buyers.
  • For Example: Let’s say that the home is listed at $100,000 on HUDHomeStore.com and an FHA buyer submits a winning bid at $110,000, once their contract is ratified by the “seller” the buyer is given a copy of the FHA appraisal and finds out that the appraisal only came in at $90,000, so what now???
  • Not only will the buyer be on the hook for the $10,000 overbid from the list price to the accepted amount but will also have to bring in the additional $10,000 to cover the difference from the appraised value to the list price. That’s $20,000 out of pocket from this FHA buyer. PLEASE PLEASE PLEASE make sure that you understand this and explain it thoroughly to your FHA buyers before submitting your offers.
  • Ordering 2nd Appraisals: FHA buyers will be able to order a 2nd appraisal, at the buyer’s own cost, if and when the property has been listed at a price Higher than the original FHA appraisal on file.
  • How will this help?  If the property was listed above the original appraised value and the new appraisal comes in at or above the list price, the buyer will now only have to come in with the difference between the original list price and the amount offered instead of the difference between the original appraised value and the amount offered.

 **** I know this can get a little confusing so please feel free to call me so I can explain it over the phone. *****

After reading all of that, you must be asking yourself what hasn’t changed! Well…
  • The length of the Exclusive period for FHA-UNINSURED homes is still 5 days.
  • Bids that are submitted on weekdays will still be available to your AM on the same schedule as before. As long as none of those days (or Friday) is a Federal Holiday.
  • Bids for an earlier listing period are still considered separately from bids from a later listing period.

As always, I am available to answer all of your HUD Home related questions. I am also available for office trainings if you would like me to come in to your office for a How To Successfully Sell HUD Homes Training, please email or call me to schedule it. 

For More information please visit my website:
http://www.NewCenturyBroker.com

Email:YeseniaRuvalcaba@aol.com
Direct: (626) 252-0839
DRE Lic.#01293970

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