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  • 2/8/2010 - ATTN: ALL BROKERS: Southwest Alliance will be closed on Monday, February 15, 2010 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 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.
  • 1/11/2010 - ATTN: ALL BROKERS: Southwest Alliance will be closed on Monday, January 18, 2010 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 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.
  • 12/28/2009 - ATTN: ALL BROKERS: Southwest Alliance 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.
  • 12/23/2009 - ATTN: ALL BROKERS: Southwest Alliances's offices will close at 12:00 noon on Thursday, December 24, 2009 and reopen on Monday, December 28, 2009.
  • 12/18/2009 - ATTN: ALL BROKERS: Southwest Alliance 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.
  • 11/19/2009 - ATTN: ALL BROKERS: Southwest Alliance 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.
  • 11/5/2009 - ATTN: ALL BROKERS: Southwest Alliance will be closed on Wednesday, November 11, 2009 in observance of the Veterans Day Federal Holiday. All daily bids received on Tuesday, November 10, 2009 through Wednesday, November 11, 2009 will be reviewed simultaneously on Thursday, November 12, 2009.
  • 10/20/2009 - ATTN ALL BROKERS: HUD has revised the LBP inspection, visual assessment and stabilization process for properties built prior to 1978. Effective October 19, 2009, no LBP inspections, visual assessments or stabilization will be performed on properties built prior to 1960 unless it is contracted with FHA financing. 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 paid 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.
  • 10/7/2009 - ATTN: ALL BROKERS: Southwest Alliance 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.
  • 9/4/2009 - ATTN: ALL BROKERS: Southwest Alliance will be closed on Monday, September 7, 2009 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 8, 2009. All daily bids received on September 5, 2009 through September 7, 2009 will be reviewed simultaneously on September 8, 2009.
  • 8/18/2009 - ATTN: Brokers/Agents: The Denver HOC is presenting an REO/Streamlined 203(k) Training webinar on August 27th for real estate agents & other representatives of the real estate community. Learn about advantages of the streamline 203(K) combined with a purchase of HUD REO properties and increase the value of your services by providing your buyers with information regarding cost & energy effective home improvements.

    Please see the following link below to HUD's website and the event:
    http://www.hud.gov/offices/hsg/sfh/events/events.cfm

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