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New HUD Policy:
Cash Buyers must now
summit with their bid
full documentation that
the money is in the bank
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"The difference...

that can make

all the difference...

is often,

who you choose

to represent

   your interests." 
 
 
 

 
 
Save time...
 
Save money....
 
Save aggravation...

Win your bid....

Avoid mistakes!
 
Choose a proven
Professional with
Hud sales experience.
 
 
Call

Jeff  Today!

Experience counts!  We have seen many buyers lose their home because the "i's" weren't dotted or the "t's" weren't crossed.  HUD is very unforgiving if ALL their conditions are not met to the letter!   Their warning...

ATTENTION ALL BIDDERS:

Receipt or posting of the notice that a buyer's bid has been "accepted" does NOT mean, explicitly or implicitly, that First Preston Foreclosure Specialists, Southeast Alliance of Foreclosure Specialists, LLC, or HUD has entered into a binding real estate contract to sell the subject property to a buyer. Receipt of such notice simply acknowledges that a buyer's bid appears to yield the highest net return to HUD of offers submitted, based on information provided at the time the bid is electronically submitted for the advertised property. A binding contract is still subject to timely receipt of a properly completed and signed HUD Form 9548 and satisfaction of ALL OTHER necessary HUD preconditions and requirements to a contract for purchase of Real Estate. Contracts are not considered binding until execution and delivery of the contract to the purchaser or the purchasers agent by First Preston and/or its authorized affiliates. If required or requested documents are not received in proper form within the timeframe provided (normally 48 hours from request), we reserve the right to deem the offer "non-responsive" and notify the next acceptable bidder. If there are no other acceptable bids submitted during the advertised period, the property will continue to be advertised for sale.

• All properties are offered subject to prior sale, withdrawal or cancellation and are sold "AS-IS."
• Southeast Alliance of Foreclosure Specialists reserves the right to accept or reject any or all bids and assumes no responsibility for errors in the listing information or equipment failure in electronic bid transmission.
• Purchasers should be advised that the properties may contain code and/or zoning violations. Code and Zoning status must be determined by the Purchaser.
• Homes constructed prior to 1978 ; may contain Lead Based Paint and a LBP addendum is required.
• Purchasers are encouraged to have the properties inspected by a qualified home inspector service company to satisfy themselves as to the condition of the property.  No repairs will be performed by HUD prior to or after closing. 
• No utilities will be provided for inspections prior to bid acceptance.
• There are severe penalties for filing a false owner-occupant affidavit.
• No Purchaser repairs are permitted prior to closing.
• Un-Insured Sales: The purchaser forfeits 100% of the earnest money deposit for failure to close, regardless of reason.
• Mandatory time to close has been shortened to 45 days. A 15 day extention (with good cause) is now $375.  Failure to close (regardless of reason) the extentention fee is forfeited.