Offer Packages (Overview)

Hometelos – GEORGIA & ALABAMA (ONLY) Fillable Contract Package Instructions

  Download Hometelos HUD Sales Contract Checklist BSCA

  Download Hometelos HUD Buyer Select Closing Agent Checklist

  Download Hometelos BSCA Addendum

  Download Broker Bonus Sales Addendum

  Download Successfully Showing and Selling Hometelos HUD Properties

  Download Hometelos BSCA Contract Cover Sheet

Hometelos Bid Acceptance in Georgia & Alabama – What Do I Do Now?
(NOTE: Video does not contain audio)

OFORI HUD Contract Package

  Download Ofori HUD Sales Contract Checklist BSCA

  Download Ofori HUD Buyer Select Closing Agent Checklist

  Download Ofori BSCA Addendum

  Download Broker Bonus Sales Addendum

  Download Successfully Showing and Selling Ofori HUD Properties

  Download Ofori BSCA Contract Cover Sheet

Ofori Bid Acceptance – What Do I Do Now?
(NOTE: Video does not contain audio)

Pemco (ONLY) Fillable Contract Package Instructions:

  Download Pemco HUD Sales Contract Checklist BSCA

  Download Pemco HUD Buyer Select Closing Agent Checklist

  Download Pemco BSCA Addendum

  Download Broker Bonus Sales Addendum

  Download Successfully Showing and Selling Pemco HUD Properties

  Download Pemco BSCA Contract Cover Sheet

Pemco Bid Acceptance – What Do I Do Now?
(NOTE: Video does not contain audio)

 

Other REO Packages:

When filled out completely, email FDIC and OneWest Bank Packages to: Offers@100REO.com

  FDIC Offer over $50,000

  FDIC Offer under $50,000

  One West Bank Offer Package

  US Army Corp of Engineers Offer Package

 

HOME INSPECTIONS ON HUD PROPERTIES

If the buyer elects to have a home inspection, utilities must be activated in the name of the buyer(s) for a period not to exceed 48 hours from the approval of a utility activation request form from the Field Service Manager (FSM). Each FSM requires a utility activation/home inspection authorization form that must be submitted to the FSM with the appropriate fees, insurance, and additional documentation outlined in the activation request form PRIOR to utility activation.

Alabama Utility Activation Flyer: PK Management

 

EXTENSIONS ON HUD PROPERTIES

The sales closing is expected to occur within the timeframe specified on line 9 of the HUD 9548 Sales Contract. Should the buyer not be able to meet the contract expiration date, the selling agent is responsible for preparing a 15 day extension form; collecting an appropriate extension letter from the lender; collecting certified extension funds from the buyer; and forwarding them to the closing agent no later than 5 days before the contract expiration date. Submission of an extension request does not mean the extension is approved. All extension approvals are at the discretion of the HUD AM.

 

CONTRACT RELEASES ON HUD PROPERTIES

Should your buyer wish to cancel their purchase, they should be aware that each HUD AM has a contract release and earnest money disposition request form that must be submitted before the contract expiration date. Any buyer(s) of a HUD owned property must complete, sign, and submit a release form to the designated HUD closing agent with proper supporting documentation from a lender, certified home inspector, or other written verification as stipulated by each AM. Submission of the contract release form and its supporting documentation does not mean that the buyer(s) will receive any portion of the escrow deposit back. Escrow release is at the discretion of each HUD AM.