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Blog Post What is the HUD $100 Down Payment Program?

What is the HUD $100 Down Payment Program?

There are two different $100 down payment programs that buyers might be able to take utilize: Good Neighbor Next Door First is the Good Neigh...
Blog Post Why Does My HUD Sales Contract Show TBD in Escrow Amount?

Why Does My HUD Sales Contract Show TBD in Escrow Amount?

HUD mortgagee letter 2015-17 allows the responsibility of determining escrow amounts solely to the loan underwriters. Going forward, disclosures ...
Blog Post Why Can’t I Find My Property on HUDHomestore.com?

Why Can’t I Find My Property on HUDHomestore.com?

When the property does not appear on HUDHomeStore.com when entering the case number, and it still shows active on the MLS/BLC or at wilmothgroup....
Blog Post Where Can I Find the Contracts Needed For an HUD Offer?

Where Can I Find the Contracts Needed For an HUD Offer?

Each property on HUDHomeStore.com will contain, with the listing, the documents each Asset Manager is utilizing. Click on the Addendum tab and sa...
Blog Post Where Do I Find HUD Home Contact Information?

Where Do I Find HUD Home Contact Information?

To find HUD home contact information visit HUDHomeStore.com. There is a link to Property Contacts in the header part of the site. Click on that l...
Blog Post How Do Foreign Nationals Make Bids on HUD Homes?

How Do Foreign Nationals Make Bids on HUD Homes?

HUD homes may be purchased by residents of other countries (referred to as foreign nationals), provided they can secure financing or pay cash for...
Blog Post How Do I Order Lead-Based Paint Inspections for FHA Buyers?

How Do I Order Lead-Based Paint Inspections for FHA Buyers?

For homes built prior to 1978, with owner occupants using FHA financing, a lead-based paint inspection may be requested. The steps involve orderi...
Blog Post How Much Are the HUD Contract Closing Extension Fees?

How Much Are the HUD Contract Closing Extension Fees?

If for any reason you are unable to close by the expiration date of your sales contract, you will have to file an extension form and pay a fee fo...
Blog Post Will HUD Return Earnest Money if Defective Drywall is Found?

Will HUD Return Earnest Money if Defective Drywall is Found?

If a purchaser has an accepted bid and completes a home inspection where Chinese/defective drywall is identified, will the buyer be able to cance...
Blog Post Why Did the Seller Not Sign the Counter Offer?

Why Did the Seller Not Sign the Counter Offer?

You may receive a Seller’s Counter Offer with no signatures. These forms are generated by the corporate/bank’s Asset Manager or the outsource...
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