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Welcome to the Burkhardt Team blog site. Thank you for joining us at our site. We hope you enjoy our content and ideas. Our mission is to help you through the subjects that come up during your real estate dealings. We will try to keep things simple and easy to understand so that you are not scratching your head when you leave our blog. What we think you want is well organized thought through articles on things that are happening today in Arizona real estate. Thankyou for joining us and come back as often as you like. We will leave the lights on and the door open.

Tuesday, April 12, 2011

HUD ORDER STOPS SERVICES FOR ARIZONA PROPERTIES

Our government is broke and now they decide to stop services on the HUD properties in Arizona. You would think if they were to sell some of the properties, they should be able to self fund the process of liquidating the inventory of excess foreclosed homes. Only our government could figure out a way to spend more money to get rid of the HUD homes  then they can take in by selling them.

HUD issues a stop work order on all services for properties in Arizona

On April 6th HUD issued a  stop work order on all services for properties in Arizona, Nevada and Idaho due to a lack of funding for the 1S contract. As of this afternoon HUD completed a modification to a partial stop work order to allow us to continue processing those properties currently in escrow. We will now resume issuing HOA approvals and signing deeds and other closing documents.  We currently may not review/accept bids submitted on the HUD website or add any listings to the website. Once this issue is resolved we will review all bids with a bid review date of 4/7 or later in the order they were received. We are hopeful that this issue will be resolved shortly and will continue to keep you updated as well as post updated announcements on our website.

Due to a temporary lack of funding for the HUD Asset Manager Contract for the States of Arizona, Nevada and Idaho, BLB Resources may not perform some services for properties located within these states. Until such time as HUD is provided with appropriated funds for the contact, BLB Resources will not be able to list or re-list properties, review bids or ratify sales contracts. Bids that have been submitted with a bid review date of 4/7/11 or later will be reviewed once the funding issue has been resolved. We are currently working on those properties under escrow. We are hopeful for a quick resolution and apologize for any delays this may cause.
We at the Burkhardt Team would be happy to discuss these topics and more with anybody that is interested and will continue to get you current information and ideas. Please forgive us for any inaccuracy's and feel free to give us topics you would like us to blog on.