Bucks County Association of REALTORS®, Inc.

Weekly Update Newsletter

                                     January 14, 2013

 
How's this for a recent success story. An agent attended a recent HUD seminar, sold his first HUD home for $90,000 cash.  Total time invested less than 3 hours including travel time. Commission--around $2700. That's about $900 an hour.
 
FHA 203B & 203 IE-INSURED WITH ESCROW HUD LOANS WORKSHOP & THE LATEST HUD UPDATED SEMINAR. HUD IS NOW COUNTERING ON ALL OFFERS. FIND OUT HOW! INFORMATION FOR PA LICENSED AGENTS. IF YOU ONLY ATTEND ONE SEMINAR THIS YEAR, DON'T MISS THIS ONE.

 
This is your opportunity to be the HUD expert in your office.  Join us for a free 4 hour workshop with fantastic door prizes & lunch on Tuesday, January 22.  HUD expert, Ronald Rudolph, who has personally closed over 3,000 HUD transactioins and trained over 7,000 agents in PA and NJ will go STEP BY STEP IN PLACING A BID ON LINE FOR A HUD OWNED PROPERTY ON THE NEW HUD WEB SITE. You'll need your office NAID number & your PA real estate license number if you are not already registered.
                            
Get involved in the HUD opportunities of earning thousands in commission dollars throughout the Greater Phila area plus learn the in's and out's from the expert,  David Haggerty of IFG Mortgage, on how to put together a 203B and 203B-IE (insured with escrow) loan step by step by step...It's so easy you'll be amazed.

Date: Tuesday, January 22, 2013

Time: 10am-2pm

Place: BCAR Headquarters, 1452 Old York Rd, Warminster, PA
RSVP: Email pahudhomes@aol.com with your name, company name, office location and telephone number

There will also be a special speaker from a HUD experienced lender, that being David Haggerty of IFG Mortgage along with Sandy McQuail, from United One Resources (UOR), the HUD authorized closing agent for our area who will try her best to make your HUD  closings go without any hitches and other featured speakers. Many exciting door prizes... 2 HD color TV's, and other surprises. 

Beginning December 21, 2012, the Lead Paint Disclosure and Certification Law requires Philadelphia landlords to ensure that property rented to families with children 6 years and younger is lead safe. For more information about the new requirements and for links to the new law, sample lead certificates, and a list of certified lead inspectors visit this link at the Philadelphia Department of Health.

The Association and the Suburban REALTORS Alliance have received questions as to how to determine if a child under the age of 6 will be living in the property without violating the fair housing protections afforded families with children. Landlords may not refuse housing based on familial status. Landlords may not refuse housing based on familial status. That is, a landlord may not discriminate against families in which one or more children under 18 live with:

• A parent
• A person who has legal custody of the child or children or
• The designee of the parent or legal custodian, with the parent or custodian's written permission.

Familial status protection also applies to pregnant women and anyone securing legal custody of a child under 18. To ask the age of potential occupants on a rental application could leave the landlord (and the agent) vulnerable to charges of discrimination based on familial status.

One solution may be for the landlord to make the decision to rent first and then to present the tenant with the recommended tenant handout and only then ask if any of the occupants are under the age of 6. Another solution, of course, is to have the property certified lead safe or lead free upon turnover before accepting applications or regardless of the identity of the tenants.

The info contained herein is not intended to be legal advice. It is provided as a courtesy of the Suburban REALTORS® Alliance. It reflects the opinion and the experience of the author. It should not be used as a substitute for advice from your broker or legal counsel.   

We welcome your input, ideas and participation. Please become a part of your Association's Team by signing up for a committee today.

Affiliate Committee

Open to Affiliate Members Only!  To develop ideas and organize programs and activities to provide mutual beneficial opportunities between affiliate and REALTOR® members.  Committee activities include:

Bucks Breaks, Ask the Experts Seminars and Experts on the Road.

REALTORS® Political Action Committee

To promote, hold fundraising events and collect funds for RPAC. To inform and update the membership of the benefits of lobbying real estate issues.

Sign Up For an Association Committee Today!  Contact Kelly Wenhold, Director of Member Services 215-956-9176 kelly@bucksrealtor.com