Tag Archives for " HUD "

Free Home Buying Workshop for Charlotte NC Real Estate Investors and Home Buyers

Free Home Buying Workshop for Charlotte NC Real Estate Investors and Home Buyers

Come and learn about the home buying process from Charlotte’s top real estate team!

We will discuss the HUD home buying process, good neighbor program, mortgage options and much more! Learn how you can buy a bank foreclosure with just $100 down payment! We will answer all of your home buying questions whether you are a home buyer or investor!

Enjoy refreshments and get approved for a loan right on the spot with Diane Wilkowski and Christine Plunkett-Oliver of the Fairway Independent Mortgage Corporation, our sponsors for this event.

Join us on December 14 THURSDAY from 5:30 PM to 7:00 PM (EST) at the Showcase Realty office at:

1430 S Mint Street

Charlotte, NC 28203

Enjoy Exclusive Buy Back Guarantee! You will receive our written Buyer Satisfaction Guarantee whereby we agree in writing to buy back your property if you are not satisfied with your home purchase*.

Don’t forget to RSVP by clicking this link: https://www.eventbrite.com/e/hud-buyer-outreach-tickets-27690651484

If you have any questions, feel free to give us a call at 704-997-3794!



*conditions apply

Free HUD Agent Workshop for Charlotte NC Real Estate Agents

Real Estate in Charlotte NC

Join us for a free HUD training workshop to:

  • Learn from Charlotte HUD specialists
  • Everything involved in HUD transactions from contract to close
  • Learn how to navigate hudhomestore.com
  • Master the selling process to maximize your results
  • Know how to complete a HUD contract
  • Discover changes in bidding periods and appraisal values
  • And much more!
  • More info on our Facebook page!

Our sponsor, Brent King Law, will be here to provide their services, refreshments, coffee, and juice!

Join us on September 26 TUESDAY from 9:30 AM to 11:00 AM at the Showcase Realty office at:

1430 S Mint Street

Charlotte, NC 28203

Don’t forget to RSVP by clicking this link: https://www.eventbrite.com/e/free-hud-agent-workshop-tickets-37733844946

If you have any questions, feel free to give us a call at 704-997-3794!

How to Buy A Foreclosure for 50% Off with HUD Program

How to Buy A Foreclosure for 50% Off!How to Buy A Foreclosure for 50% Off!

You have the opportunity to contribute to the community revitalization through the HUD “Good Neighbor Next Door Sales” program. If you are a full time law enforcement officer, teacher, fire fighter and emergency medical technician (EMT) this is the program for you!

The U.S. Department of Housing and Urban Development (HUD) has created a generous incentive for home buyers who participate in the program. 

HUD wants to strengthen neighborhoods around the country, make homes more affordable for people who give back to their community and build a safer nation, while promoting homeownership to buyers.

police,Foreclosure Homes , foreclosure

Participants will receive a discount of 50 percent from the list price of the home. In order to receive this discount, home buyers must commit to live in the property for 36 months as their sole residence (Owner Occupant).

teacher, foreclosure,HUD

Eligible Single Family homes located in revitalization areas are listed exclusively for sale through HUD's Good Neighbor Next Door Sales program.

Properties are available for purchase through the program for seven days.

Potential buyers must also meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD's regulations for the program.

HUD requires that buyers sign a second mortgage and note for the discount amount. No interest or payments are required on this “silent second” provided that you fulfill the three-year occupancy requirement. The number of properties available is limited and the list of available properties change weekly.

In order to be eligible for the program, buyers must be represented by a licensed real estate broker or agent.

foreclosure, foreclosure homes, fire fighter, hud

Showcase Realty specializes in HUD sales in the Charlotte area and can help potential buyers participate in the program.

Buyers can call Showcase Realty at 704-997-3794 for more information and learn how one of our top Charlotte real estate agents can help them in purchasing their HUD home. 

If you are thinking of buying a home in North and South Carolina check out our Exclusive VIP Buyer Satisfaction Guarantee! Details here!

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March 27, 2015

April HUD Agent Training Workshop

HUD Agent Training Workshop

HUD Sales Training for Real Estate Agents

Tuesday, April 21, 2015 at 11:30AM – To RSVP go to https://aprilhud.eventbrite.com

Showcase Realty is offering a free HUD Sales Training workshop for Real Estate agents in the metro Charlotte area. The HUD workshop is designed to teach Brokers the secrets to closing more HUD transactions in 2015. Nancy Braun, Owner and Broker-in-Charge of Showcase Realty and Mike Maniace, Director of HUD & REO operations will conduct the 2-hour workshop.

Agents can expect to learn:

  • The selling process to better serve their buyers
  • How to navigate the HUDHomestore.com website
  • What is a HUD Home
  • How to search for properties
  • Important updates and changes to the program

Free lunch will be provided by Movement Mortgage, co-sponsor of the event. The HUD workshop is scheduled for Tuesday, April 21, 2015 at 11:30AM at Showcase Realty’s office, located at 1430 S. Mint Street in Historic South End. Seating is limited.

To RSVP go to https://aprilhud.eventbrite.com

Showcase Realty 1 Movement Mortgage

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March 18, 2015

HUD Home of the Week – 414 Leander

HUD Home of the Week

414 Leander Street is a very charming 1-story home in Shelby, North Carolina that is an incredible deal at only $66,800, more than 43,000 below tax value.

The home has a cozy front porch, is more than 18 hundred square feet and sits on a third of an acre with lots of mature trees. This is a 3-bedroom 2-bath home with many interior period details. It features hardwood floors, a fireplace and crown molding throughout. The home has an open kitchen, tons of natural light, a bonus room and an unfinished basement perfect for extra storage. It has easy access to HWY (74) and is close to dining and entertainment in Shelby.

For more information on how to purchase this HUD home contact Showcase Realty today at 704-997-3794 or visit our website at Showcaserealty.net

February 23, 2015

HUD Contract Webinar Series

Showcase Realty LLC is hosting a three-part agent training series to educate agents on successfully selling HUD homes. Showcase is committed to investing time in learning about different avenues of real estate. The first part of the series was a HUD Agent Sales Training for agents in the Charlotte area on how to “Sell More Houses in 2015”. Director of HUD & REO Operations at Showcase Realty LLC, Mike Maniace, presented agents with information on HUD homes and its market.

For part two of the agent training series, Mike Maniace held a webinar focusing on HUD contracts and HUD deadlines. Below he explains the process of the contract with step by step details on how everything works.

The webinar focuses on a HUD contract broken into two separate sections. The first half of the webinar offers an overview of how to fill out a HUD contract while the second half focuses on more detailed information. This is a line-by-line, in-depth detail to tell you exactly what HUD is looking for and how this applies to both owner-occupants and investors.


 Line One – Make sure you’ve bid exactly what is on the site. If you add the middle initial, make sure it’s there on the HUD site and follows into the HUD contract. If you add their full middle name, make sure that follows into the HUD contract. Below line one, is an extension where the address goes, including state, city and zip code.

VERY IMPORTANT: The HUD case number must be in every HUD contract and it will follow throughout the contract.

Line Two – Title style would go on this line. In NC, style means what type of tenancy and we’ll go over the different types later on.

 Line Three – Agreed upon purchase price and this comes directly from what you’ve bid on the HUD sites. This line is also where the earnest money and amount goes. List whether an attorney or listing broker is handling this information. Be clear to state the distinction between the three asset managers.

Line Four – Purchaser applying for an FHA loan. When filling out this line, you’re just going to input what type of loan they’re going to do and a lot of times with FHA, with HUD homes, buyers are allowed to do a $100 down payment, which is where you would put that information.

Line Five – When you bid on the HUD site, did you ask for any closing costs? If you didn’t, this line should be zero. If you did, there will be an amount there.

Line Six – The commission section. Selling broker, this is selling broker’s commission addendum, commission right here. And then this is listing; listing broker’s never going to change. You can change the selling broker commission if you would like and that can be done on the HUD site when you’re bidding.

6B is also a commission line.

Line Seven – Deals with net HUD. When you’ve been on HUD sites and you gave this net HUD that will not change. REMEMBER, if you bid, make sure you print your bid notification from HUD after you bid because this will have this number on there and it has to match exactly.

HUD Homes website

Line EightVERY IMPORTANT: You need to know what type of buyer you have bid with on the HUD site. It is either owner-occupant, investor, non-profits, public housing or government agency. VERY IMPORTANT: Need to know, check what box corresponds to which type of buyer that you’re working with or bid with. YOU CANNOT CHANGE THIS TYPE OF BUYER AFTER YOU BID.

Good Neighbor Next Door Program – With HUD homes, there is also a program that offers a discount in closing. They are entitled to possibly up to 15% off of their loan if they do live in the home for three years and that’s only good for this program and we do have a separate section in our series here that you can find this information about the Good Neighbor Next Door Program.

Visit the website if you have any additional questions and stay tuned for part two for an even closer look at HUD contracts.

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February 12, 2015

Showcase Realty Announces Promotion and New Talent

Showcase Realty is pleased to announce the promotion of Mike Maniace to Director of HUD and REO Operations, as well as welcoming new hires, Sally Taylor and Stephanie Earl. Showcase is delighted to be a part of their professional goals and achievements and excited to see the company expand as well.

Mike Maniace to Director of HUD and REO Operations

Mike Maniace to Director of HUD and REO Operations

Mike Maniace started as an agent at Showcase Realty in 2009 and was soon promoted to Director of HUD. Under Mike’s leadership Showcase surpassed $12M in HUD home sales in 2014. He excelled in his position and streamlined this division of Showcase Realty. Nancy Braun, owner and Broker-in-Charge of Showcase Realty named Mike Director of HUD and REO Operations in January 2015. Mike now heads up one of the top HUD & REO real estate offices in the Carolinas. He handles every aspect of HUD & REO transactions from cradle to closing.

Nancy Braun describes Mike Maniace as an exceptional person who expanded his role at Showcase Realty and improved his division’s operational system with his great customer service. “Mike’s managerial skills helped to streamline our HUD division and we are thrilled to have him do the same for our REO division,” says Braun.

Mike hails from upstate New York and has been a real estate agent for 8-years. He earned an Associate’s degree in Environmental Science from Genesee Community College in Batavia, NY. Mike began his professional career as a manager for Enterprise Rental Cars. He relocated to Charlotte in 1999 and became Real Estate Agent at Keller Williams before joining Showcase Realty. Mike finds the most joy in real estate in the customer service interactions. He loves being a part of the first-time home buyer experience and also seeing clients move up from their first home into their dream home. Mike is a licensed broker in North and South Carolina and a member of the National Association of Realtors, the Charlotte Regional Realtor Association and the North Carolina Real Estate Commission.

Stephanie Earl Real Estate Admin

Stephanie Earl Real Estate Admin

Showcase Realty also welcomes new hires Stephanie Earl and Sally Taylor. Team player, Stephanie Earl joined Showcase with a laser focused mission to provide our client’s with stellar service. After graduating from East Carolina University, she returned to Charlotte and obtained her NC Broker license. Stephanie’s focus will be on Nancy Braun’s retail listings for current and prospective personal clients. Stephanie looks forward to growing at Showcase and using her exceptional communication skills and leadership personality.

Sally Taylor HUD Accounts Specialist

Nancy also welcomes Sally Taylor to the Showcase team. Sally joins Showcase as a HUD Accounts Specialist, working with Director of HUD and REO Operations, Mike Maniace. Prior to her position at Showcase, she was a Foreclosure Specialist and then was promoted to Foreclosure Supervisor at RoundPoint Mortgage Servicing Corporation in Charlotte. Sally is sharp real estate professional eager for the growth potential available at Showcase.

Showcase Realty is an innovative boutique Charlotte real estate firm located at 1430 S. Mint St. in the Historic South End district.  Owner and Broker in Charge Nancy Braun founded Showcase Realty in 2008 on the principles of innovation, teamwork, and community mindfulness. Committed to selling homes and surpassing customers’ expectations, Showcase provides professional service, personally delivered. For more information visit www.showcaserealty.net.

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November 18, 2014

HowstheMarketTV.com – HUD Homes

Most Americans Still Find Homeownership Unaffordable

HUD Homes: The Biggest Deal You Don’t Know About

Buying a HUD home is certainly one of the best real estate deals available. HUD homes are actually properties owned by HUD, the Department of Housing and Urban Development. These are homes where the owner failed to pay an FHA backed loan and resulted in a foreclosure. These properties are now back on the market for sale, often at a great price.

However, before buying a HUD home here are three very important tips:

  1. Find an experienced Realtor. Purchasing HUD homes involves a lot of details; rules for investors vs home owners. When bidding on a HUD home homeowners that plan on occupying the home will have a slight advantage or real estate investors.  An experienced Realtor can guide you through the bidding process.
  1. Understand Your Financing Options. One of the most economical ways to purchase a HUD home is through the $100 down program. Conventional loans can also be used as well as 203-B programs or the 203k loans.
  1. Properties sold AS IS. Unlike typical homes for sale on the market where you may have the opportunity to negotiate for repairs cost. This is not the case with HUD homes. What you see is what you get. So do your homework, make a licensed contractor part of your team and make sure to get a honest estimate on repair costs. Some HUD homes only require minor cosmetic repairs. Other properties could have extensive and perhaps hidden repairs.

Watch the video           Listen to the Podcast

If you’re ready to buy a HUD Home give us a call at Showcase Realty 704-440-0007 and our team will be happy to assist you with your next home purchase. And remember, for every home bought or sold with Showcase Realty, we make a donation to the Boys & Girls Club of Greater Charlotte.

Just give me a call, Nancy Braun at Showcase Realty 704-440-0007

And for more valuable information like you’ve heard on today’s show go to HowstheMarketTV.com You can look at more videos, previous podcasts, and get valuable tips with our easy to download free reports about buying or selling a home. Just go to HowstheMarketTV.com and click free HUD Buyers Guide.

October 29, 2014

Reducing Risks Related To Reverse Mortgage

Reducing Risks Related To Reverse Mortgage

Reverse mortgage has been a common option by individuals 62 years and older, cash poor but still wants to live in their house. And if you’re one of these individuals applying for a reverse mortgage soon, you have to know that the regulations have become tighter. This is actually a good thing according to most financial advisers.

Why Was The Program Changed?

The program was basically changed because like other types of loans, reverse mortgage also has its risks. A lot of the seniors lost their homes to foreclosure for two common reasons: first, the borrow no longer uses the home as its principal residence and second, the borrower failed to meet the mortgage’s obligations.

The first reason usually occurs when only one spouse was listed on the deed and that person was moved into a nursing home due to illness or died. On the other hand, the second reason takes places because the borrower got too much equity from their property, spent all the cash, weren’t able to maintain the property, or weren’t able to pay up the insurance, which are all obligations of the borrowers when they get a reverse mortgage.

But aside from these two reasons, Consumer Financial Protection Bureau Director Richard Cordray said that their agency found out that senior citizens don’t completely understand the loan terms exacerbated by false and deceptive advertisements and mailings.

“We will work with our partners at the federal, state and local level to root out these kinds of scams,” Cordray said.

How To Lessen Risks On Reverse Mortgage?

According to The Wall Street Journal’s Sunday edition report made by Tom Lauricella, the federal government has tightened the guidelines on reverse mortgage so borrowers can avoid committing such mistakes thus, decreasing the risks related tot his.

These changes are all positive,” Encore contributor and the director of the Center for Retirement Research at Boston College Alicia Munnell said.

The new guidelines include the following:

  • The Department of Housing and Urban Development in 2013 altered the rules setting a limit on most loans, especially during the first year, to 60% of the available equity in the home based on the FHA standards. Borrowers are allowed to use the remaining equity in their home in subsequent years.
  • Lenders are required to assess first the capability of the borrowers to meet their financial obligations on the property. Depending on the assessment, especially if the lender sees you a risk, the homeowner could be required to set aside money from the proceeds to pay up for the property taxes and insurance.

Lori Trawinski, a policy adviser who specializes in reverse mortgages at AARP said, “The important thing about these mortgages that people really need to remember is that they are loans, and as with any loans they come with a set of obligations.”

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September 19, 2014

Investing in HUD Homes

Investing in HUD Homes

HUD homes have become a very hot commodity in today’s housing market because of the opportunity for investment. The Department of Housing and Urban Development acquire these homes as a result of an FHA-insured mortgage being foreclosed. HUD then becomes the property owner and offers the sale of these homes to recover the loss on the foreclosure claim.

Millenials are beginning to take the most advantage of these programs as they enter the housing market because of the great deals and assistance they can receive with this program. Two such programs are the $100 dollar down program and the Good Neighbor program. For some qualified individuals you can put a down payment of $100 dollars on a house and work out the financing from there, which gives a great opportunity to people that do not have much cash on hand. The other program that is beneficial is the Good Neighbor progam, this program helps teachers, fire fighters, police, and emt individuals buy their home at 50 percent of the HUD value

HUD Showcase realty

HUD homes are a great investment.


HUD homes are discussed in our July 17 podcast of Nancy Brauns News Talk 1110 WBT show “How’s the Market: Real Estate. Real Answers.” In this episode Nancy and Wes Pruitt speak with a new millennial home buyer, Heather Hamilton, about her experience in buying her first home. Wes speaks about the down payment assistance program that many first time home buyers are starting to take advantage of. This investment opportunity is not only for first time buyers though many homeowners are using these HUD houses to generate more income as rental properties.

For more information you can visit the HUD website at Hudhomestore.com you can see a full inventory of local homes and others across the country. In fact when on this website if houses are listed for over 60 days they become discounted. To view available listings you can visit the website above or call our office at 704-997-3794.

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