April 2, 2019
Please be advised that all properties currently under contract in the 5P and 1D contract areas MUST close on or before April 30th. Any properties that do not close with SAGE on or before April 30th will transition to the new HUD Asset Manager on May 1st. Effective May 1st, Sage will not have access to any information on any 5P and … Continue reading 5P & 1D New Asset Manager Transition Instructions
May 31, 2018
HUD announced they are bringing back the $100 down program for a limited time in Colorado, New Mexico, Utah, and North Texas (1D Denver HOC). The program was originally limited to running from 6/01/2018 through 7/31/2018. As of 6/29/2018, the program will be available to these state through 7/31/2018. The $100 down program is only … Continue reading $100 Down Program Back for a Limited Time for Denver HOC – UPDATED 6.29.2018
January 4, 2018
To Selling Agents, an update has been made to the documents required for HUD contract E-signatures. Effective January 1, the Selling Agent is required to obtain and upload a copy of the Title Companies (BSCA) license and Closing Protection Letter. This is similar to how the EMD, Pre-Approval Lender letter or Broker Authorized signer letter … Continue reading There’s an Important Change to the HUD E-Signature Process
July 5, 2017
Photo credit: Mark Moz It’s a great time to purchase a HUD Home with FHA financing! The Denver Homeownership Center (DHOC) has extended the FHA $100 Down Sales Incentive for all HUD Home offers accepted through the month of July. Owner Occupant purchasers utilizing FHA-insured financing (including the FHA 203(k) Rehabilitation Program) If you have … Continue reading DHOC $100 Down Incentive Extended Through July
June 6, 2017
Photo credit: Mark Moz It’s a great time to purchase a HUD Home with FHA financing! Effective June 1, 2017, The Denver Homeownership Center (DHOC) is now offering the FHA $100 Down Sales Incentive for all HUD Home offers accepted from June 1, 2017 through June 30, 2017. Owner Occupant purchasers utilizing FHA-insured financing (including the … Continue reading June is National Homeownership Month
April 26, 2017
Photo credit: Mark Moz With many agents showing and selling HUD homes today, it’s imperative for each agent to do their part to ensure that homes are secured and remain in a state in which health and safety concerns do not exist for the next agent showing the property. Here are 7 ways … Continue reading Safely Showing and Selling HUD Homes
April 13, 2017
Photo credit: www.cafecredit.com FHA increases repair cap from $5,000 to $10,000 on 203(b) with escrow loans If your client finds a perfect HUD home but it needs some repairs, you may suggest that they apply for a loan product that finances repair and update costs. FHA recently increased the repair cap on 203(b) … Continue reading How FHA Rehab Loans Help Sell More HUD Properties
February 16, 2017
Photo credit: Home Water Softener Reviews Whether a HUD home is listed as Insured (I), Insured with Escrow Repairs (IE) or Uninsured (UI), they all have one thing in common: they are sold as-is. This means that HUD doesn’t warrant the condition of its properties and will not pay for repairs or defects … Continue reading HUD’s As-Is Policy and How to Fund Repairs
January 4, 2017
Photo credit: Sky Eckstrom Top 5 Reasons for HUD Closing Delays HOA fees, utilities, taxes and any other payment demands are not submitted at least 10 days prior to closing. The closing agent should send any of the above itemized statements to [email protected] along with the referenced case number. This will allow Sage ample … Continue reading AVOID HUD Closing Delays
December 27, 2016
HUD Contract Area 3P – Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont – is now serviced by BLB Resources. Please engage BLB Resources in any communication regarding new HUD Contracts, Transactions and Transition Properties. For more information, please visit their website www.blbresources.com.