HUD'S NEW ASSET MANAGERS - RICHMOND VIRGINA, HENRICO COUNTY, CHESTERFIELD COUNTY

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Real Estate Broker/Owner with Equity First Realty VA BKR# 0225058489

HUD'S NEW ASSET MANAGERS - RICHMOND VA, HENRICO COUNTY, CHESTEFIELD COUNTY

We are in the middle of the transition. It will be smooth, but have a serious impact on investors!

HUD's new Asset Managers will begin taking over listings next week. By the middle of October the transition should be completed.

The new federal listing website will be HUDHomestore.com . They already started uploading HUD listings. It's still early and you won't find complete information there, yet. This website will replace the HMB listing portal.

Many changes are coming your way. Therefore, I plan to publish a HUD Home Buying Workbook next week for you to download from our website.

Stay tuned - I will keep you up to day on the transition.

There is one significant change for investors: In the future new HUD listings that are insurable (IN) or insurable with repair escrow (IE) will be exclusively available to owner occupants for the first 30 days.

Uninsurable HUD homes will only have a 5 day exclusive period for owner occupants. 

This means that investors will be locked out of the newer, suburban HUD homes for a full month!

Investors can still bid on the HUD homes in today's Bargain Hunter List. The new rules will probably take effect next week.

   Finding your Richmond, VA.  dream home has never been easier, use our links to get started.

WWW.RICHMONDVAHOME.COM

The Marcus Rice Team specializes in Richmond, Va, Henrico County, Chesterfield County, Powhatan County, Hanover County, Petersburg, Colonial Heights, and Fort Lee Homes and Real Estate for sale. We are tech savy realtors with over 11 years experience. Please join us on our Social Networking Network to stay up to date on Richmond Virgina real estate news and more...

The Marcus Rice Team can be reached at 804-247-8187 or remaxrice@live.com  

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The Marcus Rice Team
Remax Leading Edge

4333 Cox Road
Richmond, Va 23060

Call Marcus Rice at 804-247-8187
Office 804-545-6412

www.richmondvahome.com
by email:
remaxrice@live.com
or visit:
http://www.cdpe.com/profile/view/19070

Certified Distressed Property Expert

 

Posted by

Marcus E. Rice - Principal Broker, CDPE

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