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  • June 11, 2010 First Preston Wins Two National Pinnacle Awards at REO Expo: First Preston was selected through a national survey of over 30,000 real estate professionals for excellent performance awards in Listing Practices and Overall Outsourcing Services. Click here for more info.

  • June 9, 2010 First Preston Selected by HUD to Provide Field Services in 11 States: First Preston has been selected by the U.S. Department of Housing and Urban Development (HUD) to provide property management services for HUD’s single-family assets in 11 states, including Arizona, Idaho, Iowa, Minnesota, Montana, Nebraska, Nevada, North Dakota, South Dakota, Wisconsin and Wyoming. Click here for more information on the award. Property management and inspection firms interested in providing services should complete the online vendor registration. We seek qualified, licensed and insured vendors who have a strong commitment to quality service, excellent customer service and competitive fees, including small and diverse-owned businesses. Click here for registration.

  • February 14, 2010 First Preston Celebrates 22nd Anniversary. Since its founding in 1988, First Preston has managed and sold over 350,000 real estate assets located across the U.S. for private sector, institutional and government clients representing $35 billion in sales. First Preston founder and CEO, Nancy T. Richards, and President Lisa Barrentine acknowledge the vital role of their employees and national network of real estate professionals in the success of the company. The company's business model which incorporates thousands of small, local real estate listing brokers and property management professionals, has been recognized for its business excellence by Ernst & Young, LLP with their "National Entrepreneur of the Year Award" and support of entrepreneurship by the Ewing Marion Kauffman Foundation.

  • February 12, 2010 First Preston Contributes $10,000 for Relief Efforts in Haiti. As part of the company's long standing relationship with Habitat for Humanity International, First Preston is supporting Habitat's efforts in Haiti by providing funding for Recovery Starter Kits designed to help families make immediate repairs and construct emergency shelter and the rehabilitation and cleanup needed to clear the way for home repair and construction. Since 1999, First Preston has sponsored 23 Habitat Builds in the United States, providing safe and affordable housing for families in 10 states.

  • October 10, 2008 ATTN: ALL BROKERS First Preston is seeking listing broker services in select counties in Georgia, Illinois, Kansas, Michigan, Minnesota, Missouri, Ohio and Texas. Click here for more information.

  • August 27, 2008 New Career Opportunities: As a result of company growth, First Preston has immediate needs for dynamic and motivated employees in our Dallas office to serve our expanding client base. Positions include all experience levels for the management and marketing of an extensive portfolio of REO and pre-foreclosure properties. Real estate experience and college degree preferred. Selected by Ernst & Young in 2005 as "National Entrepreneur of the Year" First Preston is a pioneering industry leader committed to making a positive difference in the communities in which we work. Click here for information on employment opportunities.

  • April 21, 2008 New Listing Broker Registration: First Preston has immediate needs for listing services in Florida, Georgia, Illinois, Kentucky, Michigan, Missouri and Pennsylvania as well as Jasper County, TX. Licensed brokers interested in being considered by First Preston to provide listing services should click here for registration information.

  • February 1, 2008 Effective February 1, 2008 all Mortgagee Requests for HUD-Owned Properties in Georgia should be sent to Nancy Ishii at PEMCO, LTD. Requests should either be faxed to 808-955-0414 or emailed to nishii@pemco-limited.com.

  • January 7, 2008 ATTN: GA BROKERS: First Preston Management is seeking Listing Brokers for the state of Georgia. Please attend one of the following upcoming free "Building Your Business with REO" seminars. Click here to view the flyer, or view seminars and register online here.

  • January 7, 2008 ATTN: FL BROKERS: First Preston Management is seeking Listing Brokers for the state of Florida. Please attend one of the upcoming free "Building Your Business with REO" seminars. Click here to view the flyer, or view seminars and register online here.

  • January 4, 2008 ATTN: OK,KS MO BROKERS - "Buy HUD with FHA": HUD has announced a special Sales Initiative for HUD-homes in Oklahoma, Kansas and Missouri that applies to January 4, 2008 and after GENERAL LISTINGS ONLY. Click here for more information.

  • September 21, 2007 HomeTracker is offering a free 30-day trial of HomeTrackerOne to real estate brokers wanting to connect all the pieces for faster and more profitable home sales. Click here for more information.

  • September 20, 2007 Nancy T. Richards and Lisa Barrentine of First Preston receive Humanitarian Awards at fourth annual Five Star Default Servicing Conference & Expo. Click here for more information.

  • September 7, 2007 Attn Licensed Brokers in Georgia and Florida: First Preston Management is seeking prospective real estate brokerage listing services throughout the states of Georgia and Florida. Please click here for more information.

  • August 1, 2007 Attn Licensed Brokers in Kentucky: First Preston Management the marketing subcontractor to Pyramid Real Estate Services, the Management and Marketing (M&M) Contractor for the U.S. Department of Housing and Urban Development (HUD) in Kentucky, is seeking prospective real estate brokerage listing services in specific areas. All proposals must be received by 5:00 PM CST on August 17, 2007. Please click here for more information.

  • June 25, 2007 On June 25, 2007, First Preston Management, Inc. sold its interest in Atlantic Alliance of Asset Managers A7, LLC to Caribbean Property Management Group, Inc. Effective 6/25/2007, all information and inquiries should be sent to:

    Atlantic Alliance of Asset Managers, A7, LLC
    1135 65th Infantry Ave., Suite 14-A
    Rio Piedras, PR 00924
    Telephone: (800) 457-5124
    Fax: (787) 300-2199

  • June 11, 2007 First Preston is seeking businesses interested in performing subcontracted property management services on single-family residential properties in Georgia. An informational meeting will be held at the Crowne Plaza Ravinia Hotel located at 4355 Ashford Dunwoody in Atlanta on June 28th from 9:00 am to 12:00 noon. Please click here for additional information.

  • March 6, 2007 First Preston is seeking qualified applicants for Asset Acquisitions, Marketing, Closing and other positions. Click here for additional information.

  • December 8, 2006 FHA BRINGS THE HOLIDAYS HOME WITH A SPECIAL HOMES SALES EVENT - To help increase homeownership opportunities during this holiday season, the U.S. Department of Housing and Urban Development is launching its special "FHA Brings the Holidays Home" sales campaign beginning December 8, 2006. Please click here for more information.

  • August 31, 2006 ATTN GEORGIA CONTRACTORS: First Preston will be conducting a Vendor Meeting Friday, September 15, 2006 at the Crown Plaza Hotel Atlanta/Ravinia in Atlanta, Georgia.

    Vendor Meeting
    Friday, September 15, 2006
    9:00 am - 1:00 pm
    Crown Plaza Hotel Atlanta/Ravinia (Perimeter Ctr.)
    4355 Ashford Dunwoody
    Atlanta, GA 30346

    First Preston is currently seeking quality, self-motivated sub-contractors to provide field / preservation and protection services for Residential Properties located throughout the State of Georgia. We will be discussing the full specifications for work and actively interviewing vendors to start work in early October. First Preston is committed to providing only High Quality Services – on time, every time. Contractors must be experienced, equipped and fully insured. (Appraisers & Brokers need not attend.)

  • August 22, 2006 ATTN GEORGIA CONTRACTORS: First Preston is seeking experienced and qualified contractors in the state of Georgia to provide property management services. Responses are time sensitive and should be submitted by Friday, September 15th. These services include initial inspections, routine services, make ready services, winterizations, termite inspections, termite treatments, LBP inspections, LBP stabilizations, emergency repairs, health and safety hazard abatement etc... to service the needs of our clients. Interested parties should complete the form here to obtain a vendor package. Vendor selections will be based on price, quality of service and experience.

  • April 26, 2006 HUD to Sell Homes at a Discount to Disaster Victims: To assist families displaced by Gulf Coast Hurricanes HUD-owned properties will be sold at a discount to: (1) tenants currently leasing homes from HUD and (2) other evacuees interested in purchasing HUD-owned homes located throughout the U.S. For additional information click on the links below:
    Press Release - HUD to Sell Homes at a Discount
    FAQs Hurricane Discount Home Sales Program

  • March 22, 2006 New Call Center - Effective March 27, 2006 all callers seeking information on HUD-owned properties in Texas and New Mexico should contact the Southwest Alliance Regional Call Center at 1-866-918-4SWA (1-866-918-4792).

  • November 28, 2005 Attention all Vendors: First Preston Management is seeking businesses interested in performing subcontracted property management services throughout the United States on government, bank and privately-owned, single family properties. Please click here for more information.

  • November 1, 2005 This notice announces the eligibility of firefighters and emergency medical technicians to purchase HUD acquired homes located in HUD designated revitalization areas at a discount, in accordance with HUD’s regulations for the Officer Next Door (OND) Sales Program. Inclusion in the OND program is designed to help more firefighters and emergency responders become homeowners, and will further the goals of the OND Sales Program to accelerate the revitalization of America’s cities by promoting the integration of dedicated role models and mentors into the community.

    For further information: Please check the HUD website at: http://www.hud.gov/offices/hsg/sfh/reo/goodn/main.cfm.

  • September 29, 2005 ATTENTION ALL BROKERS: Per HUD’s direction on September 29, 2005, new acquisitions of HUD-Owned properties are allowed to be placed on the market in Texas, Oklahoma, Kentucky, Tennessee and Georgia. As the federal government communicates decisions on the remainder of the inventory removed from the market on September 2, 2005, information will be posted on this website. To view current inventory click here

  • September 2, 2005 September 2, 2005: Attention: In response to the critical need for housing for those displaced by Hurricane Katrina, the U.S. Department of Housing and Urban Development has removed all HUD-owned REO properties in Texas, Oklahoma, Kentucky, Tennessee and Georgia from the marketplace. These properties are unavailable for sale until HUD approves their re-listing in the market. Please refer to this web-site for additional information which will be posted as it becomes available. Thank you for your patience as we assist Americans displaced by Hurricane Katrina.

  • May 6, 2005 Invitation to HUD Property Underwriting and Valuation Seminars in Tennessee on May 11 and May 18, 2005. Click here for seminar details and invitation.

  • April 22, 2005 Invitation to May 11, 2005 HUD Property Underwriting and Valuation Seminar. Click here for seminar details and invitation.

  • January 1, 2005 Attention Property Management Professionals: Southwest Alliance of Asset Managers, HUD’s new Management and Marketing Contractor for Texas and New Mexico, is seeking contractors interested in performing property inspections, pest control, lawn maintenance, winterization, and other property management services for HUD-owned homes in these two states. Additional information can be obtained by attending one of the following meetings:

    January 12, 2005 from 1:30- 4:30pm at Courtyard Marriott
    Central Austin 5660 N. IH35, Austin, TX 78751
    January 13, 2005 from 1:00-4:00pm at Marriott Pyramid North
    5151 San Francisco Rd. NE, Albuquerque, NM 87109

    January 14, 2005 from 1:00-4:00pm at Holiday Inn
    4960 Arapaho Rd., Addison, TX 75001


  • December 10, 2004 Attention Local Governments in the States of Kansas, Kentucky, Missouri, Oklahoma and Tennessee. New weekly listings for HUD’s Good Neighbor $1 Home Sales will be posted beginning December 25, 2004. Contracts will be submitted on a “first come, first serve basis”. For additional information on HUD’s Good Neighbor program, click here.

  • December 1, 2004 New Training Seminars for 2005! Please note updated training schedules with on-line registration are now available for HUD seminars. Click here to access the dates, times and places for a seminar in your area.

  • August 15, 2004 First Preston welcomes Brandon Kirkham as Executive Vice President. Formerly First Vice President-Bankruptcy, Foreclosures and Real Estate Management for Countrywide Home Loans, Mr. Kirkham’s dynamic leadership, entrepreneurial spirit and business skills will drive growth throughout First Preston’s asset management and marketing services.

  • May 5, 2004 First Preston's President named by Ernst & Young as 2004 Entrepreneur of the Year in the Southwest Real Estate, Construction and Hospitality Industries category.

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