HUD-Pemco – HUD Homes for Sale – Selling Agent Resources–Pemco, LTD is dedicated to providing Selling Agents tools and resources needed to help their clients purchase and own HUD Homes.
HUD Homes listing can be found at www.HUDHomeStore.com. Use the Map to search for homes in your area. Click on listings that meets your client’s needs. Print the Property Flyer.
Once you have idenitified the property of interest, download from the Property Page (www.HUDHomeStore.com) the forms and addenda that you will need from the “Addendums” tab. You can also find these forms at www.HUDPemco.com.
NAID Number and Bidder Registration
The Broker (designated Broker) must have a NAID number. The Broker can apply for this at the www.HUDHomeStore.com website under the “NAID Registration” tab. The process will take 6-8 weeks. The Broker should register as a Bidder. This is located at the top right hand side of the website. Click Bidder and fill out the form. There are two video tutorials to help the Broker and the Selling Agent successfully fill out this form.
The Selling Agent must have the Broker’s NAID number in order to put in an electronic BID. The Selling Agent must also register as a Bidder using their Designated Broker’s NAID number and their License number.
Filling out the HUD-Pemco Sales Contract
After you have downloaded the contract, you will fill out the form. It is a self-populating PDF form. YOU WILL NOT BE ABLE TO SAVE IT. You will need to leave it open until you are certain that all information is complete and accurate. Visit the YouTube Channel for Pemco, LTD and view the video tutorial on “How to Fill Out a Sales Contract”. Have your client sign the contract and all addenda.
Submitting the Electronic BID
Now you are ready to submit the Electronic Bid. You will go to the Property Listing Page on the www.HUDHomeStore.com site. At the bottom right hand side will be a button to “Submit a Bid”. Click that button and fill out the form. Here is a PDF on how to submit the Electronic BID. After you have completed the BID information, click the “Submit” button. Print your BID Confirmation Sheet. You will need the BID Confirmation number to “write in” on your Sales Contract (in two places) that you have printed.
There are numerous resources to help you at any stage of the HUD Process. You will find resources both on the www.HUDPemco.com site under “Forms” and also on the www.HUDHomesStore.com site under the “FAQs” tab.
HUD-Pemco – HUD Homes for Sale – Selling Agent Resources–Pemco, Ltd is dedicated to helping the Consumer know about HUD Home ownership and in providing to selling agents all the resources and training materials needed to help your clients successfully purchase and own HUD Homes. If we can assist you or be of service in helping you to successfully BID and purchase HUD Homes, please call us. We will be pleased to assist you.
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*Note: These are instruction for the State of California and area 2S.