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�Successfully Selling HUD Homes in California�

The content of this training class was created by PEMCO, Ltd., however this class will be presented by PEMCO�s

Local Listing Broker, �Marshall and Associates�

Date: Friday, Jan. 23,009

Time: 2:30 p.m.

Location: Marshall & Assoc. Real Estate

825 M. Street

Rio Linda, CA 92506 (Sacramento County)

Registration: Required. RSVP toll-free by phone: 1-888-217-8811 (ext. 100)

�Successfully Sellng HUD Homes in California�

The content of this training class was created by PEMCO, Ltd., however this class will be presented by PEMCO�s

Local Listing Broker, �Marshall and Associates�

Date: Saturday, February. 28,2009

Time: 10:30 a.m.

Location: Marshall & Assoc. Real Estate

825 M. Street

Rio Linda, CA 92506 (Sacramento County)

Registration: Required. RSVP toll-free by phone: 1-888-217-8811 (ext. 100)

�Successfully Selling HUD Homes in California�

The content of this training class was created by PEMCO, Ltd., however this class will be presented by PEMCO�s Local Listing Broker, �2K Real Estate�

Date: Friday, Jan. 30,2009

Time: 4 p.m.

Location: 2K Real Estate, Inc.

5750 Subdivision St., Suite 106

Riverside, CA 92506 (Riverside County)

Registration: Required. RSVP by phone: 951-779-4700

�Successfully Selling HUD Homes in California�

The content of this training class was created by PEMCO, Ltd., however this class will be presented by PEMCO�s

Local Listing Broker, �Realty Executives Waller Real Estate�

Date: Monday, Jan. 26,2009

Time: 10a -- Noon

Location: Chico Association of Realtors

1160 East First Ave.

Chico, CA 95926 (Butte County)

Registration: Required. To register, please send email containing: name, license #, brokerage, phone, and address to andy@wallerrealestate.net.

�Successfully Selling HUD Homes in California�

The content of this training class was created by PEMCO, Ltd., however this class will be presented by PEMCO�s

Local Listing Broker, �Real Estate Resource Services�

Date: Friday, Jan. 30,2009

Time: 10a -- Noon

Location: Real Estate Resource Services

31735 Riverside Drive, Suite I

Lake Elsinore, CA 92535 (Riverside County)

Registration: Required. To register, please send email containing: name, license #, brokerage, phone, and address to info@rers.org. As seating is limited, attendees must receive a confirmation e-mail to attend this class.

FREE HUD HOME BUYER SEMINAR

HUD-PEMCO LLB ERA Sunrise Realty is hosting a FREE HUD Home Buyer Seminar Saturday, January 17, 2009 at their Lawrenceville office at 1956 Duluth Highway, Suite A-101. Learn how to purchase a home with as little as $100 down. Lunch provided. Bus tour of Gwinnett HUD Homes. Limited seating. Call 678-965-2222 for information or to register.

HUD TO GIVE �SPECIAL ATTENTION� ON OFFERS SUBMITTED

HUD will consider all offers submitted for properties that have been on the market over 120 days. Bids for these properties should be submitted through normal channels and there are no additional requirements. The morning after the bid deadline, these Offers will be handled with �special attention�. This is effective immediately and will continue until further notice.

August 28, 2008. Water connection changes for DeKalb, Clayton and City of Atlanta.

In DEKALB COUNTY, agent must remit $40.00 in certified funds to PEMCO, LTD for water connection & disconnection and PEMCO, LTD will notify DeKalb to turn water on.

In CLAYTON COUNTY, agent must remit $80 deposit (water only) or $160 deposit (water & sewer). Deposit will be refunded less any applicable water usage charges. Water must be turned on in AGENT�S name.

In city of ATLANTA, agent must remit a non refundable $15 establishment fee plus $80 deposit ($80 will be refunded less any applicable water usage charges). Water must be turned on in AGENT�S name.

ATTENTION GEORGIA AGENTS: NEW PROCEDURE FOR REPORTING VANDALISM:

All agents who need to report vandalism to HUD Properties in Georgia should use this form. The vandalism form is also available on the HUD-PEMCO �forms� tab.

(NEW GEORGIA INCENTIVE) $1,000 Sales Allowance paid to Owner-Occupant buyers who go under contract on a HUD property within its first 30 days on market

- Only available to owner-occupant buyers; investor buyers not eligible

� Buyer financing type is irrelevant

- Eligible properties are new listings which have a list date of June 4, 2008 or later

� Please note this incentive is available for new listings only; properties which were/are on market and re-list after June 4 are not eligible for the incentive

- Contract must be received and executed within 30 days of property�s initial list date

� PEMCO has a dedicated staff member who will be processing all
eligible contracts on a priority basis, however agents are encouraged to allow for processing time when submitting contracts which are
eligible for the incentive

- $1,000 Sales Allowance will show as a credit on the HUD 1

- Do not alter the purchase price on the property to reflect the allowance

- Agent do not need to mark anything on sales contract to receive the buyer allowance; allowance is automatically handled by PEMCO Admin for all eligible contracts.

There is an update to the sales incentives that are available to buyers and brokers in the state of Georgia. Effective with the bids and contracts that were awarded on February 12, 2008, selling brokers representing owner occupant buyers are entitled to a $500 broker bonus; regardless of the type of financing that the buyers are using. (Prior to this update, the $500 selling broker bonus was being awarded only to brokers who represented buyers that used FHA203(k) financing. This is no longer a requirement.)

The $100 down payment option for owner occupant buyer purchasing a HUD home with FHA financing is unchanged and still in effect.

January 3, 2008 - (NEW INCENTIVE) Attention Home Buyers in California, Hawaii, and Guam - �Relief in Real Estate�

The following sales incentives are available on California, Hawaii, and Guam HUD owned properties advertised to the general public with a list date of January 4, 2008, or later.

1. $100 Down Payment � $100 Down payment financing is available on most properties through FHA approved lenders.

2. $1,000 sales allowance to be paid at closing to owner occupant purchaser(s) on properties purchased with a full price offer. (Type of financing used is not a consideration for this incentive.)

3. An extra $500 to the selling broker for securing and closing an owner occupant sale. (Type of financing used is not a consideration for this incentive. The offer does NOT have to be a full price offer for this incentive to apply.)