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WELCOME
- (archived news)
BestAssets is dedicated to providing highly trained professionals
to manage and market numerous single-family homes across the
country for the Department of Housing and Urban Development
and other government and independent agencies.
NEWS
6/19/2008
Independence Day Holiday
In observance of
Independence Day Holiday, Best Assets office will be closed
on Friday, July 4th, 2008. All bids received on Friday July
4th, Saturday July 5th and Sunday July 6th, 2008 will be
considered to have been received simultaneously and bid
results will be published on Monday, July 7th, 2008. There
will be no changes to the Monday, July 7th, 2008 owner
occupant bidding deadline. Listings will be posted on
Thursday, July 3, 2008.
6/19/2008
NOTICE For The Flooding Situation
Many properties have been removed from
the Best Assets listing website because of the recent storms
and flooding in the area. This is done as a
precautionary measure to ensure our properties are in the
best possible condition prior to re-listing them.
Please contact your listing broker regarding any properties
you were interested in. Additional information on the
areas impacted by the flood can be found on HUD’s website.
Click on the link:
http://www.hud.gov/news/release.cfm?content=pr08-083.cfm
5/19/2008 Office Closed
Memorial Day
Best Assets, Inc
office will be CLOSED. The
office will be closed on Monday, May 26, 2007 in observance
of Memorial Day. The Sunday, May 25, 2007 bidding deadline
is extended until 11:59pm Monday, May 26, 2007. All bids
received on May 25 and 26 will be considered to have been
received simultaneously and bid results will be published on
Tuesday, May 27, 2007. Happy Memorial Day!
2/12/2008 Office Closed - President's
Day
Our offices will be closed on Monday, February 18, 2008
in observance of President’s Day. The Sunday, February 17,
2008 bidding deadline is extended until 11:59pm Monday,
February 18, 2008. All bids received on February 17th and
18th will be considered to have been received simultaneously
and bid results will be published on Tuesday, February 19,
2008. Happy President Day!
1/15/2008
Office Closed - Rev. Dr. Martin Luther
King Jr. Memorial Holiday!
Our offices will be closed
on Monday, January 21, 2008 in observance of Martin Luther
King Memorial Day. The Sunday, January 20, 2008 bidding
deadline is extended until 11:59pm Monday, January 21, 2008.
All bids received on January 20th and 21st will be
considered to have been received simultaneously and bid
results will be published on Tuesday, January 22, 2008.
Happy Martin Luther King Day!
12/19/2007 Office Closed Christmas &
New Years Holiday
Our offices will be closed on Monday
and Tuesday, December 24 and 25, 2007, and Tuesday, January
1, 2008 in observance of the holidays. The Sunday, December
23, 2007 bidding deadline is extended until 11:59pm Tuesday,
December 25, 2007 and the Monday, December 31, 2007 bidding
deadline is extended until 11:59pm Tuesday, January 1, 2008.
All bids received on December 24th and 25th will be
considered to have been received simultaneously and bid
results will be published on Wednesday, December 26th, 2007.
All bids received on December 31st and January 1st will also
be considered to have been received simultaneously and bid
results will be published on Wednesday, January 2, 2008.
Happy Holidays!
11/20/2007 Thanksgiving
Holiday
Our offices will be closed on Thursday November 22, 2007 in
observance of the Thanksgiving Holiday. The Wednesday
November 21, 2007 bidding deadline is extended until 11:59
pm Thursday November 22, 2007. All bids received on November
21st & 22nd, 2007 will be considered to have been received
simultaneously and bid results will be published on Friday,
November 23, 2007.
11/19/2007
New HUD Sales Incentives
Effective November 30, 2007
$100 Down Payment!
Use FHA Financing to Buy a HUD
Home!
Only
for Owner Occupant purchases who finance with an FHA insured
loan.
$500 Broker Bonus!
Selling
Brokers you can receive an extra $500 for securing
and closing a full price owner occupant and investor sale.
$1,000 Sales Allowance paid at closing
to the purchaser!
Owner Occupant purchasers that make a
full price offer under $50,000 will receive a $1,000 Sales
Allowance paid at closing.
$1,500 Sales
Allowance paid at closing to the purchaser!
Owner Occupant
purchasers that make a full price offer equal to or over
$50,000 will receive an $1,500 Sales Allowance paid at
closing.
THESE INCENTIVES ARE NOT AVAILABLE FOR CURRENT ACCEPTED
OR EXECUTED OFFERS PRIOR TO THE EFFECTIVE DATE OF NOVEMBER
30, 2007.
11/09/2007
VETERANS DAY!
Our offices will be
closed on Monday November 12, 2007 in observance of
Veteran’s Day. The Sunday November 11, 2007 bidding deadline
is extended until 11:59pm Monday November 12, 2007. All bids
received on November 11th & 12th, 2007 will be considered to
have been received simultaneously and bid results will be
published on Tuesday, November 13, 2007. Have a safe and
happy holiday!
09/05/2007
COLUMBUS DAY HOLIDAY!
Our offices will be closed on Monday,
October 8, in observance of Columbus Day Holiday. The
Sunday, October 7, 2007 bidding deadline is extended until
11:59 pm Monday, October 8, 2007. All bids received on
October 7th and 8th will be considered to have been received
simultaneously and bid results will be published on Tuesday,
October 9, 2007. Enjoy your Columbus Day Holiday!
8/27/2007 LABOR DAY HOLIDAY!
Our offices will be closed on Monday, September 3,
in observance of Labor Day Holiday. The Sunday, September 2, 2007 bidding deadline is extended
until 11:59 pm Monday, September 3, 2007. All bids received on September 2nd and 3rd will be
considered to have been received simultaneously and bid results will be published on Tuesday,
September 4, 2007. Enjoy your Labor Day Holiday!
8/7/2007 BEST-ASSETS LISTINGS WEB SITE - MAINTENANCE SCHEDULE:
A maintenance task has been scheduled on The LISTINGS and BIDDING website.
Therefore, it will be taken down on 08/08/07 00:00 AM. The maintenance is
expected to be complete in one hour and the web site to be up on 08/08/07 at
1:00 AM.
Thank you,
8/6/2007 NOTICE TO ALL BIDDERS:
The LISTING AND BIDDING website was down on Sunday, 8-5-07. Due to this
outage, the bid deadline for both Owner Occupants and General Public bids is
extended thru today, 8-6-07.
All Owner-Occupant offers received on 8-6-07 shall be considered to have
been received simultaneously with the new listings from 7-27-07.
All General Public offers received on 8-6-07 shall be considered to have
been received simultaneously with the listings from 8-3-07.
In order to be valid for the above periods, bids must be completed and
confirmed on the Internet today. All confirmed bids will be reviewed and
posted at 1:00 p.m. tomorrow, 8-7-07.
7/3/2007 NOTICE TO ALL BIDDERS:
Please be advised that effective Thursday, July 4, 2007, 2:00 AM, BestAssets Internet Bidding System address will change to the following: http://www.tenmanagement.com/listings Please make note of the above, update your bookmarks and direct all bidding information to the new address. Thank you.
6/28/2007 INDEPENDENCE DAY HOLIDAY
Our office
will be closed on Wednesday, July 4th, 2007 in observance of
Independence Day. The Tuesday, July 3rd, 2007 bidding
deadline is extended until 11:59pm Wednesday, July 4, 2007.
All bids received on July 3rd and 4th, 2007 will be
considered to have been received simultaneously and bid
results will be published on Thursday, July 5th, 2007.
HAPPY 4th of JULY!
5/31/2007 LISTING FOR MAY 25, 2007 REMOVED
The properties that were listed with a start
date of May 25, 2007 and a final bid date of June 3, 2007 have been removed from the
website due to technology difficulties. The properties that appeared in that listing
period will be available for bidding on June 1, 2007 with a final bid date of June 10, 2007.
All bids placed during the May 25th bidding period must be resubmitted for consideration.
5/30/2007 Technical Difficulties with Owner Occupancy Bids
Due to technology difficulties the exclusive bids for the owner
occupant period 05/29/07 were not disclosed until today 05/30/07; please review the
bid result section of BestAssets website for accepted offers. Agents and Buyers have
48 hours from today’s date to submit the completed contract packages.
5/23/2007 MEMORIAL DAY - Best Assets, Inc office CLOSED
Our offices will be closed on Monday, May 28, 2007 in
observance of Memorial Day. The Sunday, May 27, 2007 bidding deadline is
extended until 11:59pm Monday, May 28, 2007. All bids received on May 27 and 28
will be considered to have been received simultaneously and bid results will be
published on Tuesday, May 29, 2007. Happy Memorial Day!
3/22/2007 SALES CONTRACT FORM 9548
- All bids awarded
on and after April 1, 2007 must have a contract expiration
time of 45 days on line 9 of the Sales Contract Form
9548. BestAssets will no longer execute contract with 60
days expiration time.
2/9/2007 President's Day - Best
Assets, Inc Office Closed
Our offices will be closed on Monday,
February 19, 2007 in observance of President’s Day. The
Sunday, February 18, 2007 bidding deadline is extended until
11:59pm Monday, February 19, 2007. All bids received on
February 18th and 19th will be considered to have been
received simultaneously and bid results will be published on
Tuesday, February 20, 2007.
Happy President’s Day!
1/2/2007 Rev. Dr. Martin Luther King Jr. Memorial Holiday!
Our offices will be closed on
Monday, January 15, 2007 in observance of Martin Luther King
Memorial Day. The Sunday, January 14, 2007 bidding deadline is
extended until 11:59pm Monday, January 15, 2007. All bids received
on January 14th and 15th will be considered to have been received
simultaneously and bid results will be published on Tuesday,
January 16, 2007. Enjoy Martin Luther King Memorial Day!
7/18/2006 - Iowa Closing Agent Changes-
As of 7/18/2006, all executed contracts and closings in Iowa will be exclusively with
Steven L. Rhodes located at 3403 12th Ave SW Cedar Rapids, IA 52404 Phone: 319.396.2913
Fax: 319.396.2984 Email: rhodesandassoc@hotmail.com
Effective May 1, 2006,
Hurricane Disaster Evacuees can purchase HUD Homes at a discount.
More Information
12/16/2005 - Utility Activation
Form update
Must be completed and approved by BA prior to any utility
activation. Buyer/Buyers Agent assumes full responsibility
for any damages. All funds should be made out to BestAssets.
11/15/2005 - Zero
Tolerance Policy
All names and Identification
numbers entered on the initial bid submission must be correct
and spelled as they legally appear on the Driver’s License
and Social Security Card. All the information on the initial
bid submission must match the 9548 contract. If any names
or identification numbers are entered incorrectly on the initial
bid submission or the initial bid submission does not match
the 9548 contract, BestAssets on behalf of HUD will cancel
your contract. Because of this policy, we strongly recommend
viewing or obtaining a copy of the buyer(s) Drivers License
and Social Security Card prior to submitting the initial bid
and completing the sales contract.
11/09/2005 - Firefighters/EMT
Firefighters/EMT are now added to the Good Neighbor Next Door
Program (GNND). Click
here for more information regarding the program.
04/28/2005 - New SAMS Form 1111 for
Broker and other Payees Certification
Effective May 1, 2005, The use of a newly updated form SAMS-1111,
Payee name and address, will be mandatory for establishing
and modifying payees. All previous form SAMS-1111s received
by the SAMS service contractor on or after May 15th will be
rejected and returned.
03/28/2005 - Attention All Name and
Address Identifier (NAID) Applicants - All NAID application
packages received will be returned if the broker’s license
expires within 3 months of the application/recertification
date. Please renew your license with your state before submitting
your NAID packet.
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