Pre-Sale
These items must be bid as debris to get approved for post-sale.
What is Personal Property?
The property must be conveyed within this number of days to HUD.
What is 30 days?
If a HUD allowable is over $5k but the line allowable is still available, we still have an allowable.
What is False?
FHA's system for bid uploads
What is P260 or Yardi?
This state can be winterized all year round.
What is Alaska?
These items can only be removed during pre-sale as debris.
What are Perishable Items and/or Raw Garbage?
This can be done to all doors once in post-sale.
What is Rekey?
Fire, Tornado, Hurricane, Boiler Explosion, Vandalism, and Earthquake are considered the "Big 6".
What is False? Fire, Tornado, Hurricane, Boiler Explosion, Vandalism, and Theft.
Date-stamped photos must be within this timeframe to submit to HUD.
What is 30 days?
These states do not require any form of winterization.
What are HI, PR, GU, and VI?
To secure the property, this can be done to windows until post-sale.
What is Boarding?
If tarp is present, tarp must be removed and this should be submitted to HUD.
What are Roof Repairs?
Vine Removal and Saplings can be bid under FHA Tree Trimming and/or FHA Shrub Trimming allowable.
What is False?
Vine removal and Saplings must be submitted to HUD for approval.
The transfer of a title to the borrower after a mortgage has been fully paid.
What is Reconveyance?
When a winterization is complete but damages are present and system doesn't hold pressure, this can be bid to HUD.
What are Visible Damages?
This can be done to the primary door only to gain access.
What is Rekey?
This can be completed once inside of property is free of debris.
What is Broom Sweep?
What is False?
We only bid appliances if they were there during FTV but go missing afterward.
This is required if any hazards and/or tires are bid on separate line from debris.
What is dump schedule?
TX, OK, FL, WV, among other southern states can be winterized during this time frame.
What is October 1st - March 31st?
This person can be contacted for cancellations or questions about property.
What is the FHA Conveyor Coordinator?
Property must be free from the Big 6, debris, and mortgage neglect to be considered this.
What is Conveyance Condition?
When in post-sale, all temporary fixes do not need to be removed for conveyance.
What is False?
Temporary fixes must be fixed permanently to convey to HUD.
A type of antifreeze added to plumbing traps to prevent them from freezing.
What is RV or non-toxic antifreeze?
ME, WA, CO, NJ, among other northern states can be winterized during this time frame.
What is September 1st - April 30th?