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4/19/2008 - ATTN: ALL BROKERS: First Preston will be closed on Monday, May 26,2008 in observance of Memorial Day. Please note there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, May 27,2008. All daily bids received on Friday, May 23, 2008 through Monday, May 26,2008 will be reviewed simultaneously on Tuesday, May 27,2008.
2/18/2008 - "Buy HUD with FHA": HUD has announced a special Sales Initiative for HUD-homes in Tennessee and Kentucky with an effective listing date of October 5, 2007 and thereafter. Click here for more information.
2/11/2008 - ATTN: ALL BROKERS: First Preston will be closed on Monday, February 18, 2008 in observance of Presidents Day. Please note there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, February 19, 2008. All daily bids received on Friday, February 15, 2008 through Monday, February 18, 2008 will be reviewed simultaneously on Tuesday, February 19, 2008.
2/1/2008 - ATTN: Georgia Lenders: 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.
1/14/2008 - ATTN: ALL BROKERS: First Preston will be closed on Monday, January 21, 2008 in observance of Martin Luther King, Jr. Day. Please note there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, January 22, 2008. All daily bids received on Friday, January 18, 2008 through Monday, January 21, 2008 will be reviewed simultaneously on Tuesday January 22, 2008.
1/4/2008 - 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.
12/26/2007 - ATTN: ALL BROKERS: Instructions for NAID Certifications have been updated. HUD released a new SAMS 1111 form dated 12/2007. The most significant change is the requirement of IRS documentation form 147C, rather than IRS form W-9. Effective 1/11/2008, HUD will not accept previous versions of the SAMS 1111 form. Please click here to access the new forms and instruction documents.
12/21/2007 - ATTN: ALL BROKERS: First Preston will be closed on Tuesday, January 1, 2008 in observance of the New Year Federal Holiday. Daily bids submitted on Monday, December 31 and Tuesday, January 1 will be reviewed simultaneously and posted on Wednesday, January 2, 2008.
12/20/2007 - ATTN: ALL BROKERS: First Preston will be closed on Monday, December 24, 2007 and Tuesday, December 25, 2007 in observance of the Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Wednesday, December 26, 2007. All daily bids received on Friday, December 21, 2007 through Tuesday, December 25, 2007 will be reviewed simultaneously on Wednesday, December 26, 2007.
11/13/2007 - ATTN: ALL BROKERS: First Preston will be closed on Thursday, November 22, 2007 in observance of the Thanksgiving Day federal holiday. Please be advised that there is no extension of the owner-occupant bidding period. All Lottery bids with a deadline of Wednesday November 21, 2007 will be reviewed simultaneously on Friday, November 23, 2007. All daily bids received on Wednesday November 21, 2007 and Thursday, November 22, 2007, will be reviewed simultaneously on Friday, November 23, 2007.
10/29/2007 - ATTN: ALL BROKERS: First Preston will be closed on Monday, November 12, 2007 in observance of the Veterans Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday November 13, 2007. All daily bids received on Friday, November 9, 2007 through Monday November 12, 2007 will be reviewed simultaneously on Tuesday, November 13, 2007.
10/4/2007 - Attn: Arizona, California, and Florida Panhandle Property Management Professionals: First Preston is seeking businesses interested in performing subcontracted property management services on single-family residential properties in Arizona, California and the Florida Panhandle. Please contact Linda Foster at 1-888-934-3237 for further information.
10/1/2007 - ATTN: ALL BROKERS: First Preston will be closed on Monday, October 8, 2007 in observance of the Columbus Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, October 9, 2007. All daily bids received on Friday, October 5, 2007 through Monday, October 8, 2007 will be reviewed simultaneously on Tuesday, October 9, 2007.
8/29/2007 - ATTN: ALL BROKERS: First Preston will be closed on Monday, September 3, 2007 in observance of the Labor Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, September 4, 2007. All daily bids received on Friday, August 31, 2007 through Monday, September 3, 2007 will be reviewed simultaneously on Tuesday, September 4, 2007.
8/29/2007 - "Buy HUD with FHA": HUD has announced a special Sales Initiative for HUD-homes in Tennessee and Kentucky with an effective listing date of September 1, 2007 and thereafter. Click here for more information.
8/17/2007 - ATTN: Nonprofit Organizations: Beginning August 15, 2007 HUD has implemented an on-line application process for all new Nonprofit Organizations seeking HUD approval for participation as a FHA mortgagor, purchasing HUD-owned homes at a discount or administering a Secondary Financing/Down Payment Assistance Program. Please click here for more information.
7/18/2007 - ATTN: ALL BROKERS: In conjunction with the 4th Annual Five Star 2007 Default Servicing Conference and Expo being held in Dallas on September 9 through the 12th, 2007, we are offering an educational seminar entitled Real Estate and the Government: Making it Work for You on September 12, 2007 from 9:00 AM to 4:00 PM. This is an in-depth, fast-paced class designed to deliver the most up-to-date information on selling HUD-owned homes. For information on registering for this class and the Five Star Conference and Expo, go to www.fivestarinstitute.com or www.fivestarconference.com or call Brandi Jobe at 817-560-6166. Space is limited so early registration is advised.
6/25/2007 - ATTN: ALL BROKERS: First Preston will be closed on Wednesday, July 4 in observance of the Federal holiday. All daily bids received on Tuesday, July 3 and Wednesday, July 4 will be reviewed simultaneously on Thursday, July 5, 2007.
6/11/2007 - Attn: Georgia Property Management Professionals: 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 more information.
5/18/2007 - ATTN: ALL BROKERS: - First Preston will be closed on Monday, May 28,2007 in observance of Memorial Day. Please note there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, May 29,2007. All daily bids received on Friday, May 25, 2007 through Monday, May 28,2007 will be reviewed simultaneously on Tuesday, May 29,2007.
3/6/2007 - ATTN: Career Opportunities: First Preston is seeking qualified applicants for Asset Acquisitions, Marketing, Closing and other positions. Click here for additional information.
2/12/2007 - ATTN: ALL BROKERS: First Preston will be closed on Monday, February 19, 2007 in observance of Presidents Day. Please note there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, February 20, 2007. All daily bids received on Friday, February 16, 2007 through Monday, February 19, 2007 will be reviewed simultaneously on Tuesday, February 20, 2007.
2/6/2007 - ATTN: ALL BROKERS: As of February 15, 2007 the time zone for bidding will change from Pacific Time to Central Time. Please note that any bids received after 11:59 PM Central Time, as of this date will not be reviewed until the following bidding period.
1/8/2007 - ATTN: ALL BROKERS: First Preston will be closed on Monday, January 15, 2007 in observance of Martin Luther King, Jr. Day. Please note there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, January 16, 2007. All daily bids received on Friday, January 12, 2007 through Monday, January 15, 2007 will be reviewed simultaneously on Tuesday January 16, 2007.
12/29/2006 - ATTN: The Denver Office is closed today due to inclement weather. The office will reopen Tuesday 1/2/07 at the regular time.
12/28/2006 - ATTN: The Denver Office will close today at 3:00 PM due to inclement weather.
12/22/2006 - ATTN: ALL BROKERS: First Preston will be closed on Monday, January 1, 2007 in observance of the New Years Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, January 2, 2007. All daily bids received on Friday, December 29, 2006 through Monday, January 1, 2007 will be reviewed simultaneously on Tuesday, January 2, 2007.
12/18/2006 - ATTN: ALL BROKERS: First Preston will be closed on Monday, December 25, 2006 in observance of the Christmas Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding periods. Bid results for the owner-occupant bidding period will be posted on Tuesday, December 26, 2006. All daily bids received on Friday, December 22, 2006 through Monday, December 25, 2006 will be reviewed simultaneously on Tuesday, December 26, 2006.
12/1/2006 - ATTENTION: - Due to inclement weather conditions in the Tulsa, Oklahoma Area, First Preston offices will open at 10:00 AM Central Time today.
11/30/2006 - ATTENTION: - Due to inclement weather conditions in the Dallas-Fort Worth Metropolitan Area, First Preston offices will close at 1:00 PM Central Time today and reopen Friday, December 1, 2006.
11/30/2006 - ATTENTION: - Due to inclement weather conditions in the Tulsa, Oklahoma Area, First Preston offices will close at 1:00 PM Central Time today and reopen Friday, December 1, 2006.
11/13/2006 - ATTN: ALL BROKERS: First Preston will be closed on Thursday, November 23, 2006 in observance of the Thanksgiving Day federal holiday. Please be advised that there is no extension of the owner-occupant bidding period. All Lottery bids with a deadline of Wednesday November 22, 2006 will be reviewed simultaneously on Friday, November 24, 2006. All daily bids received on Wednesday November 22, 2006 and Thursday, November 23, 2006, will be reviewed simultaneously on Friday, November 24, 2006.
10/30/2006 - ATTN: ALL BROKERS: First Preston will be closed on Friday, November 10, 2006 in observance of the Veterans Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Monday November 13, 2006. All daily bids received on Thursday, November 9, 2006 through Sunday November 12, 2006 will be reviewed simultaneously on Monday, November 13, 2006.
10/2/2006 - ATTN: ALL BROKERS: First Preston will be closed on Monday, October 9, 2006 in observance of the Columbus Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, October 10, 2006. All daily bids received on Friday, October 6, 2006 through Monday, October 9, 2006 will be reviewed simultaneously on Tuesday, October 10, 2006.
9/14/2006 - ATTN REAL ESTATE PROFESSIONALS: HUD has issued Housing Notice 2006-12 dated September 12, 2006 regarding Allowed Closing Costs. The notice becomes effective for sales contracts executed 30 days from the issuance date. Click here to access H2006-12.
9/5/2006 - ATTENTION: First Preston is currently experiencing phone system difficulties on the main corporate number. Please call 1-800-934-3009 until the phone system is returned to full service.
8/28/2006 - ATTN: ALL BROKERS First Preston will be closed on Monday, September 4, 2006 in observance of the Labor Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, September 5, 2006. All daily bids received on Friday, September 1, 2006 through Monday, September 4, 2006 will be reviewed simultaneously on Tuesday, September 5, 2006.
6/24/2006 - ATTN: ALL BROKERS First Preston will be closed on Tuesday, July 4, 2006 in observance of the Fourth of July federal holiday. Bid results for Tuesday will be posted on Wednesday, July 5, 2006.
5/22/2006 - ATTN: ALL BROKERS First Preston will be closed on Monday, May 29, 2006 in observance of the Memorial Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, May 30, 2006. All daily bids received on Friday, May 26, 2006 through Monday, May 29, 2006 will be reviewed simultaneously on Tuesday, May 30, 2006.
4/26/2006 - 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
3/22/2006 - 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).
2/13/2006 - ATTN: ALL BROKERS - First Preston will be closed on Monday, February 20, 2006 in observance of the President’s Day federal holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, February 21, 2006. All daily bids received on Friday, February 17, 2006 through Monday, February 20, 2006 will be reviewed simultaneously on Tuesday, February 21, 2006.
1/9/2006 - ATTN: ALL BROKERS - First Preston will be closed on Monday, January 16, 2006 in observance of the Martin Luther King Day federal holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, January 17, 2006. All daily bids received on Friday, January 13, 2006 through Monday, January 16, 2006 will be reviewed simultaneously on Tuesday, January 17, 2006.
12/23/2005 - ATTN: ALL BROKERS – First Preston will be closed on Monday, January 2, 2006 in observance of the New Years Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, January 3, 2006. All daily bids received on Friday, December 30, 2005 through Monday, January 2, 2006 will be reviewed simultaneously on Tuesday, January 3, 2006.
12/16/2005 - ATTN: ALL BROKERS - First Preston will be closed on Monday, December 26, 2005 in observance of the Christmas Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding periods. Bid results for the owner-occupant bidding period will be posted on Tuesday, December 27, 2005. All daily bids received on Friday, December 23, 2005 through Monday, December 26, 2005 will be reviewed simultaneously on Tuesday, December 27, 2005.
12/16/2005 - ATTENTION: - Due to inclement weather conditions in the Atlanta area, First Preston offices will open at 10AM Eastern Time today.
11/28/2005 - 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.
11/16/2005 - ATTN: ALL BROKERS - First Preston will be closed on Thursday, November 24, 2005 in observance of the Thanksgiving Day federal holiday. Please be advised that there is no extension of the owner-occupant bidding period. All daily bids received on Wednesday November 23, 2005 and Thursday, November 24, 2005, will be reviewed simultaneously on Friday, November 25, 2005.
11/7/2005 - ATTN: ALL BROKERS - First Preston will be closed on Friday, November 11th, 2005 in observance of the Veterans Day federal holiday. Please be advised that there is no extension of the owner-occupant bidding period. All daily bids received on Thursday, November 10th, 2005 through Sunday, November 13th will be reviewed simultaneously on Monday, November 14th, 2005.
10/5/2005 - 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.
10/3/2005 - ATTN: ALL BROKERS – First Preston will be closed on Monday, October 10, 2005 in observance of the Columbus Day federal holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, October 11, 2005. All daily bids received on Friday, October 7, through Monday, October 10 will be reviewed simultaneously on Tuesday, October 11, 2005
9/6/2005 - Attention: Due to the removal of HUD homes from the market, the "Successfully Selling HUD Homes" Seminars have been cancelled. HUD's removal of all HUD-owned REO properties in Texas is in response to the critical need for housing for those displaced by Hurricane Katrina. Future training sessions on selling HUD homes will be posted on the Southwest Alliance and First Preston websites at www.southwestalliance.com and www.firstpreston.com.
9/2/2005 - 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.
8/29/2005 - ATTN: ALL BROKERS – First Preston will be closed on Monday, September 5, 2005 in observance of the Labor Day federal holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, September 6, 2005. All daily bids received on Friday, September2, through Monday, September 5 will be reviewed simultaneously on Tuesday, September 6, 2005.
8/4/2005 - ATTENTION ALL BROKERS: You must renew your broker certification annually to retain an active NAID number. The U.S. Department of Housing & Urban Development (HUD) will deactivate NAID numbers that are not renewed annually. Please click here for information on how to obtain a NAID number or to recertify your current NAID number.
6/28/2005 - ATTN: ALL BROKERS – First Preston will be closed on Monday, July 4, 2005 in observance of the Fourth of July federal holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, July 5, 2005. All daily bids received on Friday, July 1, 2005 through Monday, July 4 will be reviewed simultaneously on Tuesday, July 5, 2005.
6/27/2005 - Posting of acknowledged bids for the bid period ending Sunday June 26, 2005 at 11:59PM has been delayed until close of business June 27,2005. We apologize for any inconvenience caused by the delayed posting.
5/23/2005 - First Preston Management will be closed on Monday, May 30, 2005 in Observance of Memorial Day. Properties with a bid deadline of Sunday, May 29, 2005 will be extended to Monday, May 30, 2005. Bids will be reviewed simultaneously on Tuesday, May 31, 2005.
5/6/2005 - Invitation to HUD Property Underwriting and Valuation Seminars in Tennessee on May 11 and May 18, 2005. Click here for seminar details and invitation.
5/4/2005 - New Procedure Expediting Contract Information Exchange on HUD-Homes Begins May 9, 2005. For offers on HUD-homes located in Kansas, Kentucky, Missouri, Oklahoma and Tennessee that are acknowledged as the winning offer by HUD and Pyramid Real Estate Services (the M&M Contractor) and signed by the Power of Attorney, the contract package will be forwarded to the selling broker electronically using the email address provided by the selling broker on the BidSelectTM Offer Submission Screen. All brokers are encouraged to verify their email address in BidSelectTM using the following procedure: Go to www.pyramidrealestate.com and click on “HUD Properties for Sale.” Log in to your Buyer Center Account and view “My Profile” to confirm that your email address is correct.
4/25/2005 - ATTN REAL ESTATE PROFESSIONALS: Please note updated registration forms to become a HUD Selling Broker are now available. The new form is effective as of May 1, 2005. Please click here to download the revised SAMS 1111 form.
4/22/2005 - April 22, 2005: Invitation to May 11, 2005 HUD Property Underwriting and Valuation Seminar. Click here for seminar details and invitation.
4/4/2005 - ATTN REAL ESTATE PROFESSIONALS: Please note that the bid deadline of 4/3/05 for the Denver E (North Texas and New Mexico) area has been extended through Monday, 4/4/05 due to technical issues. The bid openings will be Tuesday, 4/5/05.
3/23/2005 - ATTN ALL BROKERS SERVICING THE DISTRICT OF COLUMBIA: Please be aware that HUD’s new M&M contractor, HomeSource Real Estate Asset Services, Inc. has assumed management and marketing responsibilities for HUD homes in the District of Columbia effective March 21, 2005. As of March 21, 2005, HomeSource Real Estate Asset Services began performance of all contract services related to Conveyances, Custodial Properties, Prevconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from First Preston will be transferred to the new M&M contractor on April 20, 2005. Properties under contract will continue to be managed by First Preston until June 4, 2005.
2/23/2005 - ATTN: REAL ESTATE PROFESSIONALS The bid opening for 2/23/05 has been delayed due to technical difficulties. The issues have been corrected and the bids will be posted by 5 pm CST time.
2/17/2005 - ATTN: REAL ESTATE PROFESSIONALS First Preston will be closed on Monday, February 21, 2005 in observance of Presidents Day. All daily bids received on Friday, February 18, 2005 through Monday, February 21, 2005 will be opened on Tuesday, February 22, 2005 and will be reviewed simultaneously.
2/9/2005 - ATTN TEXAS REAL ESTATE PROFESSIONALS, BUYERS, LENDERS: Please be advised that it is possible that an "insured closing service" protection letter as authorized by the Texas Title Insurance Act (Form T-50) may not always be available to the lenders to cover the action of HUD's contracted Closing Agents. Lenders should contact the HUD Closing Agent assigned to the case as soon as possible to ascertain if the Closing Agent can meet the lenders loan closing requirements while acting within the parameters of the Closing Agents contract with HUD. If the Closing Agent cannot meet the lenders loan closing requirements while acting within the parameters of the HUD contract, the purchaser may have to select another lender which will be able to work with HUD's Closing Agent to accomplish closing the transaction.
2/3/2005 - Attention All Texas and New Mexico Real Estate Professionals: Southwest Alliance of Asset Managers will begin listing HUD-owned properties in New Mexico and Texas tomorrow, February 4, 2005. Click here to View Property Listings.
1/31/2005 - ATTN TEXAS AND NEW MEXICO BROKERS: HUD has removed the Selling Broker Bonus effective January 31, 2005. Sales closings on or after February 1, 2005 will no longer be eligible for a Broker Bonus Incentive.
1/28/2005 - ATTN ALL BROKERS IN TEXAS AND NEW MEXICO: Southwest Alliance of Asset Managers will assume full management and marketing services responsibilities for HUD homes in the states of Texas and New Mexico on February 1, 2005. On February 1, 2005, Southwest Alliance of Asset Managers will begin performance of all contract services. Properties currently listed will remain listed until January 31, 2005. Bids will be reviewed and posted on Tuesday, February 1, 2005. Contract packages for acknowledged bidders should be sent to the appropriate Southwest Alliance office (please visit the website at http://www.southwestalliance.com for the office locations).
1/13/2005 - ATTN: ALL BROKERS - First Preston will be closed on Monday, January 17, 2005 in observance of Martin Luther King, Jr. Day. All daily bids received on Friday, January 14, 2005 through Monday, January 17, 2005 will be opened on Tuesday January 18, 2005 will be reviewed simultaneously.
12/20/2004 - Attention all Brokers in Washington, DC & Virginia: Effective December 14, 2004, First Preston’s Nashville, Tennessee Regional Office began handling all contract issues for HUD properties in Washington, DC and the sales closings only for the State of Virginia. Please forward all contract sales packages to 616 Marriott Dr. Ste 300, Nashville, TN 37214 WITHIN 48 hours of bid acceptance, beginning with the bid awards for DC on 12-21-04. For all contract extensions, cancellations, amendments and all other closing-related issues, for both Washington, DC and VA, please contact the Nashville office at 1.615.620.3065.
12/10/2004 - ATTN ALL BROKERS: Please note updated Guidebooks for Real Estate Professionals for Government-Owned Homes are now available. Click here to access the Guidebook for your area.
12/7/2004 - ALL BROKERS IN PUERTO RICO AND THE US VIRGIN ISLANDS. Effective Friday, December 10, 2004 the listing and bidding timeline for HUD owned homes will be modified, click here for complete details.
12/7/2004 - ATTN ALL BROKERS IN KANSAS, KENTUCKY, MISSOURI, OKLAHOMA and TENNESSEE. Effective Friday, December 10, 2004 the listing and bidding timeline for HUD owned homes will be modified, click here.
11/9/2004 - ATTN ALL BROKERS IN VIRGINIA: Please be aware that HUD’s new M&M contractor, Harrington, Moran & Barksdale, Inc. is scheduled to assume management and marketing responsibilities for HUD homes in Virginia effective November 15, 2004. On November 15, 2004 Harrington, Moran & Barksdale, Inc. will begin performance of all contract services related to Conveyances, Custodial Properties, Preconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from First Preston will be transferred to the new M&M contractor on December 13, 2004. Properties under contract will continue to be managed by First Preston until January 26, 2005.
11/9/2004 - ATTN ALL BROKERS IN COLORADO, UTAH, WYOMING, MONTANA: Please be aware that Michaelson, Connor & Boul, Inc. is scheduled to assume full management and marketing services responsibilities for HUD homes in these states on December 1, 2004. On November 10, 2004 Michaelson, Connor & Boul will begin performance of all contract services related to Conveyances, Custodial Properties, Preconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from First Preston will be transferred to Michaelson, Connor & Boul on December 1, 2004. Properties under contract will continue to be managed by First Preston until January 15, 2005.
11/5/2004 - Attention all Brokers in Washington, DC & Virginia: Effective November 8, 2004, First Preston's Nashville, Tennessee Regional Office will handle all contract issues for HUD properties with executed sales contracts for Washington, DC and the State of Virginia. For all contract extensions, cancellations, amendments and all other closing-related issues, please contact the Nashville office at 1.615.620.3065.
11/1/2004 - Attention all Brokers in New York, New Jersey & Delaware: Effective November 1, 2004, First Preston's Addison, Texas Regional Office will handle all contract issues for HUD properties with executed sales contracts for the States of New York, New Jersey and Delaware. For all contract extensions, cancellations, amendments and all other closing-related issues, please contact the Addison office at 1.800.394.1103.
10/29/2004 - Attention All Agents/Brokers/Buyers/Vendors: Please be aware that the Lanham Property Management Center will be closed effective October 29, 2004. All property maintenance related issues on VA and DC HUD properties still under management by First Preston Management, Inc. will be handled by the Liverpool, NY Property Management Center.
200 Salina Street, Suite 109
Liverpool, NY 13088
Phone: 315-641-1639
Fax: 315-641-1689
10/26/2004 - ATTENTION ALL BROKERS IN DELAWARE: Due to the transition to HUD's new M&M contractor, Hooks, Van Holm, Inc., all completed contracts must be received by First Preston by October 29, 2004 in order to be processed by First Preston. If a completed contract is not received by First Preston by this date, HUD requires that the property be transferred to the new M&M contractor and become a new listing. Please be advised that current unsold properties in these states will be removed from the market on October 27, 2004 in order to transfer the unsold inventory to the new M&M contractor. Effective November 1, 2004 First Preston will continue to inspect and maintain only those properties under contract. First Preston will not service any newly listed HUD-owned properties in these states after November 1, 2004.
10/26/2004 - ATTENTION ALL BROKERS IN ARKANSAS AND LOUISIANA: Due to the transition to HUD's new M&M contractor, Cityside Management Corporation, all completed contracts must be received by First Preston by October 29, 2004 in order to be processed by First Preston. If a completed contract is not received by First Preston by this date, HUD requires that the property be transferred to the new M&M contractor and become a new listing. Please be advised that current unsold properties in these states will be removed from the market on October 27, 2004 in order to transfer the unsold inventory to the new M&M contractor. Effective November 1, 2004 First Preston will continue to inspect and maintain only those properties under contract. First Preston will not service any newly listed HUD-owned properties in these states after November 1, 2004.
10/26/2004 - ATTENTION ALL BROKERS IN PUERTO RICO AND THE VIRGIN ISLANDS: Due to the transition to HUD's new M&M contractor, Atlantic Alliance of Asset Managers, all completed contracts must be received by First Preston by October 29, 2004 in order to be processed by First Preston. If a completed contract is not received by First Preston by this date, HUD requires that the property be transferred to Atlantic Alliance of Asset Managers and become a new listing. Please be advised that current available properties in Puerto Rico and the Virgin Islands will be removed October 27, 2004 in order to transfer the inventory to Atlantic Alliance of Asset Managers
10/26/2004 - ATTENTION ALL BROKERS IN FLORIDA: Due to the transition to HUD's new M&M contractor, National Home Management Solutions LLC., all completed contracts must be received by First Preston by October 29, 2004 in order to be processed by First Preston. If a completed contract is not received by First Preston by this date, HUD requires that the property be transferred to the new M&M contractor and become a new listing. Please be advised that current unsold properties in these states will be removed from the market on October 27, 2004 in order to transfer the unsold inventory to the new M&M contractor. Effective November 1, 2004 First Preston will continue to inspect and maintain only those properties under contract. First Preston will not service any newly listed HUD-owned properties in these states after November 1, 2004.
10/26/2004 - ATTENTION ALL BROKERS IN NORTH DAKOTA, SOUTH DAKOTA, NEBRASKA, MINNESOTA, WISCONSIN, AND IOWA: Due to the transition to HUD's new M&M contractor, Best Assets, Inc., all completed contracts must be received by First Preston by October 29, 2004 in order to be processed by First Preston. If a completed contract is not received by First Preston by this date, HUD requires that the property be transferred to the new M&M contractor and become a new listing. Please be advised that current unsold properties in these states will be removed from the market on October 27, 2004 in order to transfer the unsold inventory to the new M&M contractor. Effective November 1, 2004 First Preston will continue to inspect and maintain only those properties under contract. First Preston will not service any newly listed HUD-owned properties in these states after November 1, 2004.
10/26/2004 - ATTENTION ALL BROKERS IN ARIZONA AND NEVADA: Due to the transition to HUD's new M&M contractor, Michaelson, Connor & Boul, all completed contracts must be received by First Preston by October 29, 2004 in order to be processed by First Preston. If a completed contract is not received by First Preston by this date, HUD requires that the property be transferred to the new M&M contractor and become a new listing. Please be advised that current unsold properties in these states will be removed from the market on October 27, 2004 in order to transfer the unsold inventory to the new M&M contractor. Effective November 1, 2004 First Preston will continue to inspect and maintain only those properties under contract. First Preston will not service any newly listed HUD-owned properties in these states after November 1, 2004.
10/26/2004 - ATTENTION ALL BROKERS IN OKLAHOMA, KANSAS AND MISSOURI: Please be advised that current available properties in these states will be removed October 27, 2004 in order to transfer the inventory to the new M&M contractor, Pyramid Real Estate Services. Due to the transition to Pyramid Real Estate Services, all completed contracts must be received by First Preston by October 29, 2004 in order to be processed by First Preston. If a completed contract is not received by First Preston by this date, HUD requires that the property be transferred to Pyramid Real Estate Services and become a new listing.
10/26/2004 - ATTENTION ALL BROKERS IN NEW YORK AND NEW JERSEY: Due to the transition to HUD's new M&M contractor, National Home Management Solutions, LLC., all completed contracts must be received by First Preston by October 29, 2004 in order to be processed by First Preston. If a completed contract is not received by First Preston by this date, HUD requires that the property be transferred to the new M&M contractor and become a new listing. Please be advised that current unsold properties in these states will be removed from the market on October 27, 2004 in order to transfer the unsold inventory to the new M&M contractor. Effective November 1, 2004 First Preston will continue to inspect and maintain only those properties under contract. First Preston will not service any newly listed HUD-owned properties in these states after November 1, 2004.
10/15/2004 - Attention All Agents/Brokers/Buyers/Vendors: Please be aware that all property maintenance related issues on Houston area HUD properties will no longer be handled by the DFW Property Management Center. These issues will be handled by the San Antonio Property Management Center.
San Antonio PMC
6322 Sovereign Rd., Suite 120
San Antonio, TX 78229
Phone: 210-342-2937
Fax: 210-342-5021
10/15/2004 - Attention All Agents/Brokers/Buyers/Vendors: Please be aware that the Phoenix Property Management Center will be closed effective October 15, 2004. All property maintenance related issues on Arizona and Nevada HUD properties still under management by First Preston Management, Inc. (See Notice dated 10-1-04 in reference to AZ and NV) and all bank owned properties formerly serviced by the Phoenix Property Management Center will be handled by the Littleton, CO Property Management Center.
Littleton PMC
1789 W. Littleton Blvd.
Littleton, CO 80120
Phone: 303-794-1239
Toll Free: 800-934-6702
Fax: 303-794-9237
DFW PMC
910 W. Parker Rd., Suite 380
Plano, TX 75057
Phone: 972-423-7894
Fax: 972-881-7000
10/4/2004 - ATTENTION AGENTS/BROKERS bidding on HUD-Owned Properties in AZ, NV, CO, NM, SD, WY, TX, UT, MT, ND, MN, WI, IA, NE, MO, AR, OK, KS, LA, NY, NJ, VA, DC, DE: The owner occupant bid deadline for Saturday, October 2, 2004 will be extended through Monday, October 4, 2004 and the daily bid deadline for October 3, 2004 will be extended though Monday, October 4, 2004 due to intermittent connectivity problems in Denver 1, 2, 3 and Santa Ana 4. All bids placed during this specified time period will be reviewed simultaneously and acknowledged on Tuesday, October 5, 2004. Connectivity is now restored.
10/1/2004 - ALL BROKERS IN NEW YORK and NEW JERSEY: Please be aware that National Home Management Solutions is scheduled to assume full management and marketing services responsibilities for HUD homes in these states on December 16, 2004. On October 1, 2004 National Home Management Solutions will begin performance of all contract services related to Conveyances, Custodial Properties, Preconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from First Preston will be transferred to National Home Management Solutions on November 1, 2004. Properties under contract will continue to be managed by First Preston until December 16, 2004.
10/1/2004 - ATTN ALL BROKERS: NAID re-certification is due annually. Please submit the required forms to recertify prior to your annual recertification date. The forms may be downloaded for your convenience.
10/1/2004 - ATTN ALL BROKERS IN ARIZONA and NEVADA: Please be aware that Michaelson, Connor & Boul, Inc. is scheduled to assume full management and marketing services responsibilities for HUD homes in these states on December 16, 2004. On October 1, 2004 Michaelson, Connor & Boul will begin performance of all contract services related to Conveyances, Custodial Properties, Preconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from First Preston will be transferred to Michaelson, Connor & Boul on November 1, 2004. Properties under contract will continue to be managed by First Preston until December 16, 2004.
10/1/2004 - ATTN ALL BROKERS IN FLORIDA: Please be aware that National Home Management Solutions is scheduled to assume full management and marketing services responsibilities for HUD homes in the State of Florida on December 16, 2004. On October 1, 2004 National Home Management Solutions will begin performance of all contract services related to Conveyances, Custodial Properties, Preconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from Southeast Alliance of Foreclosure Specialts, LLC will be transferred to National Home Management Solutions on November 1, 2004. Properties under contract will contract will continue to be managed by Southeast Alliance of Foreclosure Specialists until December 16, 2004.
10/1/2004 - ATTN ALL BROKERS IN NORTH DAKOTA, SOUTH DAKOTA, IOWA, NEBRASKA, MINNESOTA and WISCONSIN: Please be aware that Best Assets is scheduled to assume full management and marketing services responsibilities for HUD homes in these states on December 16, 2004. On October 1, 2004 Best Assets will begin performance of all contract services related to Conveyances, Custodial Properties, Preconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from First Preston will be transferred to Best Assets on November 1, 2004. Properties under contract will continue to be managed by First Preston until December 16, 2004.
10/1/2004 - ATTN ALL BROKERS IN ARKANSAS and LOUISIANA: Please be aware that Cityside Management Corporation is scheduled to assume full management and marketing services responsibilities for HUD homes in these states on December 16, 2004. On October 1, 2004 Cityside Management will begin performance of all contract services related to Conveyances, Custodial Properties, Preconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from First Preston will be transferred to Cityside Management on November 1, 2004. Properties under contract will continue to be managed by First Preston until December 16, 2004.
10/1/2004 - ATTN ALL BROKERS IN DELAWARE: Please be aware that Hooks Van Holm is scheduled to assume full management and marketing services responsibilities for HUD homes in this state on December 16, 2004. On October 1, 2004 Hooks Van Holm will begin performance of all contract services related to Conveyances, Custodial Properties, Preconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from First Preston will be transferred to Hooks Van Holm on November 1, 2004. Properties under contract will continue to be managed by First Preston until December 16, 2004.
10/1/2004 - ALL BROKERS IN OKLAHOMA, KANSAS and MISSOURI: Please be aware that Pyramid Real Estate Services is scheduled to assume full management and marketing services responsibilities for HUD homes in these states on December 16, 2004. On October 1, 2004 Pyramid Real Estate Services will begin performance of all contract services related to Conveyances, Custodial Properties, Preconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from First Preston will be transferred to Pyramid Real Estate Services on November 1, 2004. Properties under contract will continue to be managed by First Preston until December 16, 2004.
10/1/2004 - ATTN ALL BROKERS IN CARIBBEAN: Please be aware that Atlantic Alliance of Asset Managers is scheduled to assume full management and marketing services responsibilities for HUD homes for Puerto Rico and the U.S. Virgin Islands on December 16, 2004. On October 1, 2004 Atlantic Alliance of Asset Managers will begin performance of all contract services related to Conveyances, Custodial Properties, Preconveyance Approvals and Pending Mortgagee Requests. Unsold inventory from Southeast Alliance of Foreclosure Specialists, LLC will be transferred to Atlantic Alliance on November 1, 2004. Properties under contract will continue to be managed by Southeast Alliance of Foreclosure Specialists until December 16, 2004.
9/30/2004 - Please note that the deadline for extended bids for Puerto Rico properties has been extended through today, September 30, 2004. Bid Openings will be on October 1.
