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HUD BROKER BONUS…NO MORE!

Discontinuation of the REO Sales Initiative FY 2015: 09/10/14
Effective October 1, 2014, the Atlanta Homeownership (HOC) will be discontinuing the use of the Broker Bonus Initiative in the following markets: Alabama, Florida, Georgia, Mississippi, Illinois, Indiana, Tennessee, and Kentucky.

HUD’s Asset Managers will continue to review those preliminary bids that are submitted through September 30, 2014, for the three-tier broker bonus that is currently being offered in the above referenced markets. However, all preliminary bids submitted to HUD on or after October 1, 2014, will not be eligible for a broker bonus. HUD will not entertain any exceptions to this change.

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