[Greg]

Update:


Look for this program....

HUD Incentives

In an effort to increase the affordability of homeownership, FHA has approved the use of several sales initiatives for use in conjunction with the purchase of HUD Homes in Ohio and Michigan.

• Available to borrowers who purchase a HUD repossessed home in Ohio and Michigan
• Incentives are available on bids placed on or after November 15, 2007 through September 30, 2008
• Borrowers utilizing FHA financing to purchase homes that will be owner occupied, have the following benefits:
- $100 downpayment
- $2500 sales allowance at closing to apply towards closing costs, make repairs, or reduce the principal balance of the mortgage
- $500 Broker bonus
• Borrowers not utilizing FHA financing will obtain the following:
- $1,000 sales allowance at closing to apply towards closing costs, make repairs or reduce the principal balance
- $250 broker bonus

A product profile has been created specifically for the HUD Repo Incentive Program and will be available on the Third Party Lending website December 3, 2007.
When utilizing this offer please contact your Regional Account Manager or Account Relationship Associate for details on how to register the loan.