• October 5th, 2009 Holiday Announcement

In observance of Columbus Day, the offices of Michaelson, Connor & Boul, Inc. will be closed on Monday, October 12, 2009. As a result, those properties that would have had a bid deadline of 11:59 PM on Sunday (10/11/2009) will have a bid deadline of 11:59 PM on Monday (10/12/2009).

• March 27th, 2009, Neighborhood Stabilization Program Bulk Sales Initiative: Currently, the bulk sale initiative applies only to Michigan

HUD's new Neighborhood Stabilization Program provides emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. The Neighborhood Stabilization Program (NSP) provides grants to every state and certain local communities to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values of neighboring homes. For more information see HUD’s NSP website:   http://www.hud.gov/offices/cpd/communitydevelopment/programs/neighborhoodspg/

As part of this important program, HUD has introduced its Bulk Property Sales Initiative, for eligible NSP grantees to purchase HUD homes with their NSP funds. Properties that have been marketed by MCB for more than 60 days are eligible for this program. While these properties will simultaneously be offered to the general public, NSP participants may locate them on our website under Special Programs- NSP Bulk Sales Listings. Please click here for all specific program information. Please click here for the Michigan NSP Listings.

• March 26th, 2009

Due to heavy snow our Denver, Colorado office will be closed today. We will resume normal business hours tomorrow March 27th, 2009.

• December 5th, 2008 ATTENTION ALL REALTORS AND PURCHASERS IN ARIZONA, MICHIGAN AND NEVADA

HUD’S BEST OFFER APPROACH ON OFFERS SUBMITTED     

We are offering a new BEST OFFER approach for selected properties.   This special offering will be on all those properties that have been tagged with the notation “All offers will be considered on this property”. The bidding period for this offer will be a five-day closed bidding period, (from Friday until Tuesday), with all offers reviewed on the sixth day (Wednesday). During this closed bidding period, in addition to offering a reduction in price on the designated properties, we will be considering all reasonable offers from both owner/occupants and investor purchasers. Please submit your best offer to us for consideration.

• November 17th, 2008

Michaelson, Connor & Boul, Inc. is seeking qualified residential appraisers for these counties only. Each appraiser must be a certified residential appraiser and must be on the FHA roster.
 

To apply, please select “Contractors” on the left side of this webpage. Then select Forms. Complete all forms and forward the application including all license and insurance verifications, including workers comp, as instructed.

• April 28th, 2008: ATTENTION: MICHIGAN PURCHASERS, BROKERS AND SALES AGENTS:

  MCB is pleased to announce the marketing of HUD homes in the state of Michigan.  As we continue through the process of transitioning the HUD inventory, additional properties will be added to the listings every Friday.  We sincerely appreciate your patience during this process and look forward to working with you in the near future.

• April 14th 2008: ATTENTION ALL REALTORS AND PURCHASERS IN MICHIGAN

MCB is currently transitioning the HUD home inventory for the state of Michigan which includes inspecting each property, correcting property condition, and completing full reviews of all the relevant property documents in order to market these homes as accurately and quickly as possible.  We sincerely appreciate your patience and understanding through this process and we anticipate having properties available for bid shortly.  Please check our website every Friday for updated announcements and new property listings.

• ATTENTION ALL REALTORS AND PURCHASERS IN MICHIGAN

MCB is currently in the processes of transitioning the HUD inventory from the previous contractor.  During this transition we are reviewing all properties and preparing them for marketing.  We apologize for any inconvenience this delay may cause and assure you that we will be listing HUD homes as soon as possible.  Please check this website frequently for updates on the status of Michigan Properties. 

We appreciate your patience through this transition.

• ATTENTION ALL REALTORS AND PURCHASERS IN MICHIGAN

  Effective Monday, March 31, 2008, Michaelson, Connor & Boul will assume responsibility for the marketing and management of all Michigan properties that are not under contract with Chapman Law Firm. During this transition period all properties will be reanalyzed and listed in the near future.  Please check our website on a regular basis for announcements.

  If you currently have a signed contract to purchase a Michigan HUD home with Chapman Law Firm and need assistance please direct all questions to (216) 485-0700. Chapman Law Firm will continue to address property preservation and closing issues for properties under contract it has executed until May 14, 2008, after which they will be addressed by Michaelson, Connor and Boul. 

• ATTENTION ALL MORTGAGEES AND LOAN SERVICERS IN MICHIGAN
  Please be aware Michaelson, Connor & Boul (MCB) will assume the Marketing & Management responsibilities for the Department of Housing and Urban Development (HUD) starting March, 31, 2008 in the state of Michigan. All mortgagee requests should be directed to our attention beginning March 31st to the following address:

  Michaelson, Connor and Boul
  Attn: Pre-Conveyance
  5312 Bolsa Avenue, Suite 200
  Huntington Beach, CA. 92649
  (888) 622-7361
  (714) 230-3868 fax

  Email: mc@mcbreo.com

  Please continue to visit our website for further updates on this transition

• ***FHA Special Sales Incentives *** NEW***  Please see information on these special programs under the “Announcements” of each state page.

• Your HUD Home can be Your Dream Home

  If you are thinking about buying a REO property that needs repair, FHA’s 203(K) rehabilitation loan or it’s simplified alternative, the Streamlined(k) may be a good option for you.  FHA’s simplified Streamlined(k) program for small-scale repairs is the perfect option for most HUD REO sales.  For the major repairs & more complicated renovation plans, the Standard 203(K) program is the option.  

  HUD Homes, like the majority of property re-sales, require some level of repair.  FHA’s Streamlined (k) program allows the buyer to finance both the purchase and the cost of minor repairs and/or upgrades through a single mortgage.  While there is no cap on repairs for the Standard 203(K), the Streamlined (k) allows for repairs from $1 up to $35,000. 

  For the Streamlined(k) option, homebuyers identify their repair needs, which may include: new carpet; interior and exterior paint; new appliances; kitchen or bathroom remodel; exterior landscaping and other minor improvements.

  A realtor or FHA approved lender will be able to answer specific questions about the Standard and Streamlined 203(K) loan program.  To find out more, visit HUD’s website at www.hud.gov/offices/hsg/sfh/203k/203kslrp.cfm or call 1-800-CALLFHA.

• Good Neighbor Next Door Program - HUD has revised regulations governing the Officer Next Door / Teacher Next Door / Firefighter/EMT Next Door Special Sales Programs. These Programs are now known collectively as the Good Neighbor Next Door Program. Please click here for an overview and refer to our Special Programs section of the website for more details.

• Sub-contracting opportunities in Colorado, Montana, Utah, and Wyoming. Details - RFPs
  
  All MCB Announcements