Breaking News
Selling Broker Incentive
The Atlanta Homeownership Center has approved the use of $600, $450, and $300 broker bonuses to selling brokers for properties that close within specified number of days from acceptance. . The preliminary bid must be submitted on or after December 1, 2011.
Click Here For Selling Broker Incentive Notice Form
The words ” Broker Bonus” must be written or typed at the top of the sales contract. The selling broker must complete and sign the HUD Notification form.
Tier One: Closing: Up to day 34 – A $600 broker bonus* will be received at closing provided the sale is closed within 34 calendar days of contract acceptance for all properties in the eight market areas referenced above.
Tier Two: Closing: Days 35 to 39 – A $450 broker bonus* will be received at closing provided the sale is closed within 35 to 39 calendar days of contract acceptance for all properties in the eight market areas referenced above.
Tier Three: Closing: Days 40 to 43 – A $300 broker bonus* will be received at closing provided the sale is closed with 40 to 43 calendar days of contract acceptance for all properties in the eight market areas referenced above.
When you see this symbol the broker bonus will not apply. These are deemed to be hard to sell. You will recieve a minimum commission of $1250.00.
HUD Tip
Quick Close Form
Are your clients looking to close quick? Need to speed up your HUD Home closing? Don’t stress. We are here to help. Use our closing agent worksheet to ensure a smooth and FAST closing.
Click Here For Closing Agent Worksheet
HUD – Key Questions Answered Here:
Who is the Local Listing Broker?
Chase Real Estate is a Local Listing Broker (LLB) for HUD Homes in Illinois. If you are interested in learning more, please contact our office at … More >
Who is HUD’s Closing Attorney?
Contact List & Gardi & Haught: Click Here HUD Department Office: Gardi & Haught, … More >
Tenancy Types Illinois
HUD requires on Sales Contract line 2. Title will be taken in following names and "Style". By "Style" they are referring to the type of tenancy. … More >
Property is Missing From HUDHomeStore.com?
If a property is missing from www. HUDHomeStore.com it is: Under Review- Home will still show active (ACTV) in MLS, the asset manager is … More >
I Won a HUD Bid, Now What?
There are three asset managers in our region Area 1A. If you won a HUD bid please find which asset manager listed the home for sale and complete … More >
I Placed a Bid – Did I Win?
Agents who place bids at HUDHomeStore.com can login to their account and through the "Bidder Functions" link can search the status of all … More >
HUD Property Contacts
You sold a HUD Home and need to know who the Field Service Manager (FSM) is for property. You will notice home is removed from HUDHomeStore.com … More >
How Do I Get Utilities On?
The process to get utilities turned on for a Home Inspection of Apprasial is rather simple. Here are a few steps to follow: Step 1- You will need to … More >
How do I Finance a HUD Home?
How do you finance a HUD Home? 203(k) Streamline - That's How! This loan program is available to owner occupants and most HUD Homes will qualify … More >
How Do I File A HUD Extension?
A buyer may not be ready to close due to financing, out of town etc.... or sometimes HUD is not able to close on time. A HUD Extension … More >
Bidding Periods
Bidding on a HUD Home is really simple. To understand when a buyer can submit a bid follow guideline … More >
