HELLO I RECEIVE THIS INFORMATION I HOPE IT CAN HELP BROKERS ON THOSE REGIONS.

July 20, 2010- Arlington, VA – Matt Martin Real Estate Management (MMREM) has been awarded three contracts by the U.S Department of Housing and Urban Development (HUD) under the Marketing and Management III procurement. The Federal Housing Administration (FHA), which is a part of HUD, provides federal mortgage insurance ensuring that mortgage lenders will be reimbursed in the event homebuyers default on their mortgage. When a lender is forced to foreclose on an FHA-insured single family home, townhome, or condominium because the owner can no longer make payments, it can file a claim with FHA for the balance due on the mortgage and convey title of the property to HUD. A HUD Home, therefore, is a one-to-four unit residence acquired as a result of a foreclosure on an FHA-insured mortgage. As the largest seller of real estate in the country, HUD has been outsourcing the disposition of its foreclosed FHA inventory under the M&M contracting process since 1999. After conducting extensive research into market-based best practices, HUD has developed its new M&M III disposition structure to streamline its operations, capitalize on the expertise of potential vendors and provide flexibility in a changing environment.

MMREM will be managing HUD assets for the following states: VA, DC, MD, WV, OH, PA, TX, CO, UT, NM, OK, MO, KS, AR, LA, and DE. All listing brokers in those States are encouraged to visit www.mmrem.com to apply as an approved listing broker. Once on the MMREM web page, brokers will simply click on the HUD tab, and then click “register” to begin the process of becoming a registered Local Listing Broker (LLB) with MMREM.
About Matt Martin Real Estate Management: MMREM is a Virginia-based financial services firm that focuses on the real estate and mortgage industries. MMREM provides services to a myriad of clients including Federal and State governments, mortgage servicers, banks, investors, and insurers.
Please direct all questions to questions@mmrem.net


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Comments

  • Just got my approval from this company. Here's hoping they become a major player!
  • Saw that, however I need the contact for CA. I haven't seen who's gotten that award yet.
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