02/03/10 - ATTN: ALL BROKERS: Pyramid Real Estate will be closed on Monday, February 15, 2010 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 16, 2010. All daily bids received on Friday, February 12, 2010 through Monday, February 15, 2010 will be reviewed simultaneously on Tuesday, February 16, 2010.

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1/21/10 - ATTN: ALL KY & TN BROKERS:  Clarification of the $100 Down Payment for owner occupant sales where FHA financing is utilized.  Effective with bids awarded 1/22/10 and later, any owner occupant buyer using FHA financing is eligible for the $100 down payment.  The buyer may NOT finance closing costs or pre-paids into the loan.  If the buyer bids over the ‘as is’ Appraisal value of the property, they must pay cash in the amount of the difference between the ‘as is’ Appraisal value and the offer price less $100. |Please click here to view flyer|

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1/11/2010 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Monday, January 18, 2010 in observance of the 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 19, 2010.  All daily bids received on Friday, January 15, 2010 through Monday, January 18, 2010 will be reviewed simultaneously on Tuesday, January 19, 2010.

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New Year
12/28/2009 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Friday, January 1, 2010 in observance of the New Year Federal Holiday. There will be no extension of the owner occupant bid deadline of Thursday, December 31, 2009.  Bids will be reviewed on Monday, January 4, 2010.  All daily bids received on Friday, January 1, 2010 will be reviewed simultaneously on Monday, January 4, 2010.

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Christmas
12/18/2009 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Friday, December 25, 2009 in observance of the Christmas Federal Holiday. There will be no extension of the owner occupant bid deadline of Thursday, December 24, 2009.  Bids will be reviewed on Monday, December 28, 2009.  All daily bids received on Friday, December 25, 2009 will be reviewed simultaneously on Monday, December 28, 2009.

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11/23/2009 – ATTN: ALL BROKERS: – Pyramid Real Estate Services will be closed on Thursday, November 26, 2009 in observance of the Thanksgiving Day Federal Holiday.  There will be no extension of the Lottery bid period.  All Lottery bids with a deadline of Wednesday, November 25, 2009 will be reviewed on Friday, November 27, 2009.  All daily bids received on Wednesday, November 25, 2009 and Thursday, November 26, 2009 will be reviewed simultaneously on Friday, November 27, 2009.

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11/6/2009 - HOME INSPECTION / RE-WINTERIZATION REMINDER:  The Purchaser has fifteen (15) days after the ratification date on the Sales Contract to have all inspections completed.  The "Home Inspection Policy" and a request form can be found on Pyramid Real Estate's website (www.pyramidrealestate.com) under Forms on the Broker & Agent Info menu.  This request form must be submitted to the Property Operations Division, along with a copy of the ratified Sales Contract, prior to conducting a home inspection or appraisal.  There is a $75 deposit for re-winterization during the months of September through April in Kentucky, Tennessee, Missouri, Kansas and Oklahoma.  Please include this deposit when submitting your inspection request form.  After you receive permission to do the inspection, the utilities may be turned on at the Purchaser's expense.  The selling agent is responsible for notifying the Property Operations Division when the inspections have been completed and the utilities have been turned off.  The selling agent must accompany prospective buyers and inspectors at the property AT ALL TIMES prior to closing.  Please carefully read, and make certain your Purchasers understand and accept all the provisions of, the Conditions of Sale on the second page of the Contract, notably Paragraph B.

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10/19/2009 - ATTN: ALL KY & TN BROKERS:  Effective with properties listed (or relisted) on 10/20/2009, the $500 Sales Incentive to Owner-Occupant buyers who go under contract on a HUD property within 30 days of the initial list date and close within 30 days of contract execution will no longer be in effect. Click here for flyer.

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10/16/2009 - ATTN: KY, KS, MO, OK & TN BROKERS: HUD has revised the LBP inspection, visual assessment and stabilization process for properties built prior to 1978.  Effective October 16, 2009, no LBP inspections, visual assessments or stabilization will be performed on properties built prior to 1978 and sold with FHA mortgage insurance.  This is the same process that is currently in place for properties built from 1960 to 1978.  If LBP is found at inspection for any property built prior to 1978 and contracted with FHA financing, HUD will not perform stabilization if the cost is more than $4,000.  If the cost is more than $4,000, and the property is contracted with 203B or 203B with escrow, the buyer may amend the financing to conventional, 203K (if it meets program requirements) or choose to cancel the contract.  If the property is contracted with 203K financing and the stabilization and clearance costs are more than $4,000, a seller's credit will be allowed for $4,000.  The balance of the stabilization and clearance costs will be the cost of the buyer.  If the stabilization and clearance costs are less than $4,000, a seller paid credit will be allowed for the full amount of the stabilization and clearance cost.  If the cost is more than $4,000 and the property is contracted with 203K, the buyer may elect to continue with the contract with the understanding that HUD will only provide a seller paid escrow in the amount of $4,000 and the balance of the stabilization and clearance cost will be a cost to the buyer, amend the financing to conventional or choose to cancel the contract.  Please carefully review the LBP Disclosure Addendum with your buyers for full requirements and information.

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10/8/2009 - ATTN:  ALL BROKERS:  Pyramid Real Estate Services will be closed on Monday, October 12, 2009 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 13, 2009.  All daily bids received on Friday, October 9, 2009 through Monday, October 12, 2009 will be reviewed simultaneously on Tuesday, October 13, 2009.

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9/25/2009 - ATTN:  ALL OK, KS & MO BROKERS:  Effective with properties listed on or after September 25, 2009, HUD is offering a $100 down payment initiative for the states of Kansas, Missouri, and Oklahoma.  The $100 down payment is for owner occupants purchasing a HUD home with FHA financing if they offer full listing price.  This incentive is also available to owner occupant purchasers who obtain a FHA home repair loan (203K).  Buyers may NOT finance closing costs or prepaid items if utilizing the $100 down payment initiative.  It's a great time to Purchase a HUD home with FHA financing.  A $500 selling broker bonus will be paid on full price or higher offers for properties sold to owner occupants.  A $1,000 Sales Allowance for owner occupant sales where a full listing price offer has been accepted and the listing price is $50,000 or less or a $1,500 Sales Allowance for owner occupant sales where a full listing price offer has been accepted and the listing price is $50,001 or more.  The incentives will apply to properties listed on or after September 25, 2009.  These incentives are specific to the states of Kansas, Missouri, and Oklahoma.  Click here for the flyer.

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6/30/2009 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Friday, July 3, 2009 in observance of the Federal Holiday.  Bids received on Thursday, July 2, 2009 through Sunday, July 5, 2009 will be reviewed simultaneously on Monday, July 6, 2009.

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5/18/2009 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Monday, May 25, 2009 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 26, 2009.  All daily bids received on Friday, May 22, 2009 through Monday, May 25, 2009 will reviewed simultaneously on Tuesday, May 26, 2009.

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4/2/2009 - NSP Grantee Price in Tennessee Only - Effective April 2, 2009, a number of Tennessee HUD listings on our website will show a "NSP Grantee Price".  These properties have been made available to U.S. Department of Housing and Urban Development (HUD) Neighborhood Stabilization Program (NSP) Grantees at discounted prices to allow them to purchase foreclosed properties in an effort to revitalize those areas.  These prices are not available to the general public.

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2/9/2009 ATTN:  ALL KS, KY, MO, OK & TN BROKERS: Effective Sunday, February 15, 2009, Pyramid Real Estate Services will implement two additional listing days each week.  General listings will be posted on Tuesdays (for a 10 day owner occupant preference with a bid deadline of Thursdays) in addition to the current listing day of Friday.  The re-listed properties will be listed on Sundays (for a 5 day owner occupant period with a bid deadline of Thursdays) in addition to the current listing day of Wednesday.

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2/9/2009 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Monday, February 16, 2009 in observance of President's 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 17, 2009.  All daily bids received on Friday, February 13, 2009 through Monday, February 16, 2009 will reviewed simultaneously on Tuesday, February 17, 2009.

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1/13/2009 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Monday, January 19, 2009 in observance of the 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 20, 2009.  All daily bids received on Friday, January 16, 2009 through Monday, January 19, 2009 will be reviewed simultaneously on Tuesday, January 20, 2009.

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New Year
12/17/2008 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Thursday, January 1, 2009 in observance of the New Year Federal Holiday. There will be no extension of the Lottery bid period.  All Lottery bids with a deadline of Wednesday, December 31, 2008 will be reviewed on Friday, January 2, 2009.  All daily bids received on Wednesday, December 31, 2008 and Thursday January 1, 2009 will be reviewed simultaneously on Friday, January 2, 2009.

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Christmas
12/17/2008 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Thursday, December 25, 2008 in observance of the Christmas Federal Holiday. There will be no extension of the Lottery bid period.  All Lottery bids with a deadline of Wednesday, December 24, 2008 will be reviewed on Friday, December 26, 2008.  All daily bids received on Wednesday, December 24, 2008 and Thursday December 25, 2008 will be reviewed simultaneously on Friday, December 26, 2008.

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11/17/2008 – ATTN: ALL BROKERS: – Pyramid will be closed on Thursday, November 27, 2008 in observance of the Thanksgiving Day Federal Holiday.  There will be no extension of the Lottery bid period.  All Lottery bids with a deadline of Wednesday, November 26, 2008 will be reviewed on Friday, November 28, 2008.  All daily bids received on Wednesday, November 26, 2008 and  Thursday, November 27, 2008 will be reviewed simultaneously on Friday, November 28, 2008.

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10/6/2008 – ATTN: ALL BROKERS: – Pyramid will be closed on Monday, October 13, 2008 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 14, 2008.  All daily bids received on Friday, October 10, 2008 through Monday, October 13, 2008 will be reviewed simultaneously on Tuesday, October 14, 2008.

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9/3/2008 - ATTN: ALL OK, KS & MO BROKERS: HUD has provided further information on the $100 down payment incentive for FHA financing as follows: The $100 Down Payment offer applies if the purchase price is less than or equal to the appraised value of the property.  If the purchase price is greater than the appraised value, the purchaser may obtain a new FHA appraisal to support the higher mortgage or must pay cash in the amount of the difference between the appraisal and the price less $100.  Click here for the flyer.

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8/28/2008 - ATTN: ALL KY & TN BROKERS: HUD has provided further information on the $100 down payment incentive for FHA financing as follows: The $100 Down Payment offer applies if the purchase price is less than or equal to the appraised value of the property.  If the purchase price is greater than the appraised value, the purchaser may obtain a new FHA appraisal to support the higher mortgage amount or must pay cash in the amount of the difference between the appraisal and the price less $100.  Click here for the flyer.

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8/25/2008 – ATTN: ALL BROKERS: – Pyramid will be closed on Monday, September 1, 2008 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 2, 2008.  All daily bids received on Friday, August 29, 2008 through Monday, September 1, 2008 will be reviewed simultaneously on Tuesday, September 2, 2008.

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8/8/2008 - ATTN: ALL KY & TN BROKERS:  HUD has announced a $500 Sales Incentive to Owner-Occupant buyers who go under contract on a HUD property within 30 days of the initial list date and close within 30 days of contract execution.

• Only available to owner-occupant buyers - Buyer financing type is irrelevant
• Eligible properties are new listings in TN and KY which have an initial lists date of 8/8/08 or later
• Incentive is available for new listings only - properties which were already on the market and re-listed after the effective date are not eligible for the incentive; Initial list date will be noted in the comments on BidSelect for eligible properties
• Contract must be received and signed by the seller (executed) within 30 days of property's initial list date
• Closing must take place within 30 days of the contract execution date
• $500 Sales Allowance will show as credit on the HUD-1

Click here for the flyer.

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6/23/2008 – ATTN: ALL BROKERS: – Pyramid will be closed on Friday, July 4, 2008 in observance of the Federal holiday.  All daily bids received on Thursday, July 3, 2008 through Sunday, July 6, 2008 will be reviewed simultaneously on Monday, July 7, 2008.

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05/19/2008 – ATTN: ALL BROKERS: – Pyramid 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.

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02/20/2008 - Technical difficulties resulted in a delay in reviewing bids today for properties in Kentucky and Tennessee.  Bids have now been reviewed and all awarded bids have been posted on BidSelect as of 12:30 CST.

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02/13/2008 – “Buy HUD with FHA” – The Atlanta HUD Homeownership Center approved the use of two Sales Initiatives in the states of Kentucky and Tennessee for Pyramid Real Estate Services.  The $500 broker bonus was available for HUD listings with an effective date of September 1, 2007.  The temporary suspension of the $100 Down payment was lifted, and it is now available for HUD listings with an effective date of October 5, 2007.

• $100 Down payment for purchasers using FHA financing in the states of Kentucky and Tennessee (owner occupants only; $100 Down payment financing is available on most properties through FHA approved lenders.)

• $500 Broker Bonus for sales in the states of Kentucky and Tennessee (owner occupants only)

This makes the $100 Down payment initiative available for all HUD-owned properties advertised to the public, beginning with the listings October 5, 2007, and thereafter.

THESE INCENTIVES ARE NOT AVAILABLE UNLESS THEY ARE ON THE EXECUTED CONTRACT PRESENTED TO THE CLOSING AGENT BY THE M&M CONTRACTOR, and they are not available on contracts executed prior to the effective dates above.
 

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02/11/2008 – ATTN: ALL BROKERS: – Pyramid 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.

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1/14/2008 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Monday, January 21, 2008 in observance of Martin Luther King, Jr. Day. 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 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.

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12/24/2007 – “Buy HUD with FHA” – The Santa Ana  HUD Homeownership Center is announcing the following sales incentives
that apply to the January 4, 2008, GENERAL LISTINGS ONLY for the states of Oklahoma, Kansas and Missouri:

• $100 down payment for owner occupant purchasers that close with FHA-insured financing($100 Down payment financing is available on most properties through FHA approved lenders.)

• $500 Selling Broker Bonus on owner occupant offers that are full price offers

• $1,000 sales allowance paid to the buyer at closing for owner occupant purchasers that are full price offers and
  where the property is listed at $50,000 or less 

• $1,500 sales allowance paid to the buyer at closing for owner occupant purchasers that are full price offers and
  where the property is listed at $50,001 or more

Sales incentives are offered for a limited time and are effective January 4, 2008 and apply to General Listings only. Incentives may be discontinued by HUD at any time. To be eligible for the aforementioned incentives, purchasers must have signed the Owner-Occupant Certification and offered full listing price for the property (except for the $100 down payment incentive). 

THESE INCENTIVES ARE NOT AVAILABLE UNLESS THEY ARE ON THE EXECUTED CONTRACT PRESENTED TO THE CLOSING
AGENT BY THE M&M CONTRACTOR, and they are not available on contracts executed prior to the effective dates above.

Click here for the flyer.

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12/24/2007 – ATTENTION ALL BROKERS – Additional Instructions for NAID Certifications have been updated in accordance with HUD  requirements.  HUD has released a new SAMS 1111 form dated 12/2007.   Read the instructions carefully for documentation requirements. Effective 1/11/2008, HUD will not accept previous versions of the SAMS 1111 form.  Click here to access the new forms and instruction documents.  

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12/20/07 - HUD's Discount Sales Program to Non-Tenant Hurricane Evacuees ends on December 28, 2007.  Please click here for more details. 

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New Year
11/20/2007 – ATTN: ALL BROKERS: – Pyramid Real Estate 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.

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Christmas
11/20/2007 – ATTN: ALL BROKERS: – Pyramid Real Estate will be closed on Tuesday, December 25, 2007 in observance of the Christmas Federal Holiday. Daily bids submitted on Monday, December 24 and Tuesday, December 25 will be reviewed simultaneously and posted on Wednesday, December 26, 2007.
 

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Thanksgiving
11/20/2007 – ATTN: ALL BROKERS: – Pyramid Real Estate 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.
 

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11/6/2007 – ATTN: ALL BROKERS: – Pyramid 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.

 

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10/5/2007 – “Buy HUD with FHA” – The Atlanta HUD Homeownership Center has reinstated the $100 down payment initiative which effects the states of Kentucky and Tennessee for Pyramid Real Estate Services. The $100 down payment initiative is valid for owner occupant purchasers using FHA financing and for those listings with an effective listing date of October 5, 2007 and thereafter.

• $100 Down payment for purchasers using FHA financing – (owner occupants only - for listings with an effective date of October 5, 2007)

The following initiative was previously announced for the states of Kentucky and Tennessee:
• $500 Broker Bonus for sales that use FHA 203-K financing (owner occupants only - for listings with an effective date of September 1, 2007)

THESE INCENTIVES ARE NOT AVAILABLE UNLESS THEY ARE ON THE EXECUTED CONTRACT PRESENTED TO THE CLOSING AGENT BY THE M&M CONTRACTOR, and they are not available on contracts executed prior to the effective dates above.

 

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10/1/2007 – ATTN: ALL BROKERS: – Pyramid Real Estate 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.
 

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8/29/2007 – ATTN: ALL BROKERS: – Pyramid Real Estate 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.
 

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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.

"Buy HUD with FHA"
The Atlanta HUD Homeownership Center has approved in the states of Kentucky and Tennessee use of the following Sales Initiative on HUD listings with an effective listing date of September 1, 2007 and thereafter:

• $500 Broker Bonus for sales that use FHA 203-K financing - entire HOC jurisdiction

This initiative is available for all HUD-owned properties advertised to the general public, beginning with the listings August 31, 2007, and thereafter. THE INCENTIVE IS NOT AVAILABLE UNLESS IT IS ON THE EXECUTED CONTRACT PRESENTED TO THE CLOSING AGENT BY THE M&M CONTRACTOR, and it is not available on contracts executed prior to the advertisement of the incentive.
*Effective September 5, 2007 HUD suspended the $100 downpayment incentive
 

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08/15/2007 – ATTN: Nonprofit Organizations: –
For more information please visit: http://www.hud.gov/offices/hsg/sfh/np/np_prog.cfm

FOR NEW APPLICANTS:

HUD is in the process of transitioning to an on-line application system for Nonprofits applying/re-certifying for approval to participate in FHA activities. Starting August 15, 2007 all new Nonprofits that want to obtain HUD approval to participate as a FHA mortgagor, purchase HUD Homes at a discount, or administer a Secondary Financing/ Down Payment Assistance Program must submit an e-mail directly to their local Homeownership Center (HOC), Program Support Division, indicating that your organization would like to apply for approval to participate in FHA Nonprofit activities. The e-mail must also include the following information: your organization’s legal name, address, and executive director’s name and contact information (phone number and e-mail address). Additionally the e-mail should indicate whether the organization is a nonprofit or instrumentality of government, the date of your organization’s 501 (C)(3) determination letter and whether your organization has a minimum of two years, within the last five years, of housing development experience. Housing development experience is defined as acquisition, rehabilitation, and sale to low-to-moderate income persons. This e-mail should be sent to the appropriate HOC contact below. After your e-mail is received, HUD staff will send your organization an e-mail with instructions for accessing the on-line application system and a password and user ID.

FOR RE-CERTIFYING APPLICANTS:

Nonprofits that need to re-certify, must submit an e-mail to the local HOC stating that your organization would like to apply for re-certification and request a password and user id. After your e-mail is received, HUD staff will send your organization an e-mail with instructions for accessing the on-line application system and a password and user ID.

For applicants in the Atlanta HOC (Kentucky, Tennessee) Region please contact:

Belinda Robinson
Belinda.Robinson@hud.gov
US Dept. of Housing and Urban Development
Atlanta Homeownership Center
Attn: Program Support Division –ATLHOC Nonprofit Team
Ralph Metcalfe Federal Building
77 West Jackson Boulevard – 23rd Floor
Chicago, IL 60604-3507

For applicants in the Denver HOC (Kansas, Missouri, Oklahoma) Region please contact:

Dennis Peterson
Dennis.g.peterson@hud.gov
US Dept. of Housing and Urban Development
Denver Homeownership Center
Program Support Division 23rd Floor
1670 Broadway
Denver, CO 80202-4801

For more information please visit: http://www.hud.gov/offices/hsg/sfh/np/np_prog.cfm
 

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08/03/2007 – Kentucky Brokerage Solicitation: – Pyramid's marketing subcontractor, First Preston Management, is seeking real estate brokerage listing services in the State of Kentucky. Click Here to be directed to their Broker Solicitation and Registration page. Deadline: 8/17/2007.
 

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06/25/2007 – ATTN: ALL BROKERS: – - Pyramid 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.
 

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05/22/2007 – ATTN: ALL BROKERS: – - Pyramid 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.
 

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04/13/2007 – ATTENTION REAL ESTATE PROFESSIONALS – HUD is offering FREE Single Family FHA Education Sessions in Lexington, KY on May 15 and 16, 2007.  Please click here for more information.
 

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02/13/2007 – ATTENTION ALL BROKERS – Pyramid Real Estate Services will be closed on Monday, February 19, 2007 in observance of Washington's Birthday.  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.

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01/08/2007 – ATTENTION ALL BROKERS – Pyramid Real Estate Services 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.

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 01/03/2007 – FHA BRINGS THE HOLIDAYS HOME WITH A SPECIAL HOMES SALES EVENT –  UPDATE – Please be advised that the FHA Holiday Home Sales Incentive Event will end on January 5, 2007. Bids opened and acknowledged on January 5, 2007 will be eligible for the incentive program. Listed properties in a bid period or in the daily listings that does not have a January 5, 2007 bid open date are not eligible for the incentive program.

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12/22/2006 – ATTENTION ALL BROKERS – Pyramid Real Estate Services will be closed on Monday, January 1, 2007 in observance of the
New Year'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, 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.

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12/18/2006 – ATTENTION ALL BROKERS – Pyramid Real Estate Services 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.

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12/08/2006 – 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.

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12/01/2006 – HUD's Good Neighbor Next Door (GNND) Program Has Been Updated   -see new forms-

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11/28/2006 – ATTENTION ALL BROKERS – Additional Instructions for NAID Certifications have been updated.  Click here to access the new forms.  

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11/21/2006 – ATTENTION ALL BROKERS – Pyramid Real Estate Services 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.

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10/30/2006 – ATTENTION ALL BROKERS – Pyramid Real Estate Services 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.

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10/17/2006 – ATTENTION REAL ESTATE PROFESSIONALS – HUD issued Mortgagee Letter 2006-24 dated October 5, 2006 regarding the revision to form HUD-92564-CN, "For Your Protection:  Get a Home Inspection."  Click here to access HUD-92564-CN (6/06).

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10/02/2006 – ATTENTION ALL BROKERS – Pyramid Real Estate Services 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.

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09/14/2006 – ATTENTION REAL ESTATE PROFESSIONALS – HUD 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

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