Are you positioned to get REO listings?
Join us for Happy Hour and this “LIVE” Real Estate Workshop ~ DEFAULTS ARE ON THE RISE – POSITION YOURSELF TO PARTICPATE IN THE NEXT WAVE OF FORECLOSURES
Here are the details:
TIME: 3:00PM – 5:00PM (PST)
DATE: Wednesday, August 14th 2024
LOCATION: New Venture Escrow ~ 3638 Camino Del Rio N Ste 220, San Diego, CA 92108
RSVP TODAY!!!
LIVE Real Estate Workshop….REO FORECLOSURES ARE ON THE RISE – POSITION YOURSELF TO PARTICIPATE IN THE NEXT WAVE OF FORECLOSURES
The CRITICAL question you have to answer is “WILL YOU SURVIVE” the upcoming Foreclosure crisis…OR WILL YOU THRIVE?
Come and learn from our team of REO Agents that have closed more than 5,000 REO assets and completed more than 10,000 BPO’s!
(IMPORTANT…Leave your credit card behind, NOTHING is being sold here!)
Hear what they are doing to “GEAR UP” their business for the MASSIVE number of REO listings in the next 12 to 18 months!
Here are some of the key points we’ll cover:
Who Is The IDEAL REO Agent?
How YOU get started?
Creating Your REO Resume!
Why Will Asset Managers Hire YOU Instead Of Other Agents?
Why Your Marketing Plan Is CRITICAL?
Where Do You Find The Asset Managers?
How Will You Handle REO Expenses and Cash Flow?
And, MUCH, MUCH More!
So, if you are willing to do some work to take more listings (yes there is work involved), this will be the best hour you will invest in your real estate business.
What is a HUD Home?
Definition: a one-to-four unit single- family residence acquired as a result of a foreclosure on an FHA-insured mortgage
Offered for sale at fair market value, based on a recent appraisal Vary in price, location, and condition
HUD Homes for sale throughout the state Some are move-in ready, others are not …Sold As Is…
Benefits of Buying HUD Homes
HUD will pay up to 3% of buyers closing cost (must be negotiated in contract) – Owner Occupants Only
If Condo or townhome, project approval is not required (only on HUD Homes) Per Mortgagee Letter ML 2016-13 which extended ML 2012-18 that replaced ML 11-22
ML 11-22 and the Condominium Project Approval and Processing Guide updated, clarified, consolidated and replaced ML 2009-46 B which stated HUD REO condos are exempt from project approval.
IE finance types have the option of doing an FHA standard loan with escrow repair.
Owner Occupant priority bidding period Low EMD ($500, $1,000 or $2,000)
Join us for the NEXT Real Estate Market…
