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NSP-1 First Look Program

NSP-1 First Look Program. . Nobody said it would be easy!. BUT. We Can Do it Together!!. NSP-1 First Look Program. . Terms and Acronyms used in the Foreclosure Process. . Appraised ValueThe value of a property determined from an appraisal. Kentucky's NSP guidelines require that all NSP-assisted acquisitions must be at least a 1% discount from the appraised value (though more than 1% would be great). The appraisal must have been done within 60 days of the final offer to purchase..

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NSP-1 First Look Program

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    1. NSP-1 First Look Program

    2. NSP-1 First Look Program

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    17. Asset Companies These websites are for asset companies (companies hired by lenders to sell their REO properties): http://www.pasreo.com/pasreo/public/content.do?pageID=2000576 To best use this site: *Click “Property Search,” Select KY and your county, a list of any available properties in your area should appear. If you have more than one county, you can select all of KY and filter from there. *After you get the results for your area, if you select “Print Property Reports (CSV),” you will get an excel sheet with all available properties and contact information for the listing agent and the Wells Fargo contact.

    18. Asset Companies http://www.lps-am.com/ http://www.iasreo.com/ias360.html https://www.emcmortgagecorp.com/EMCMORTGAGE/Logout http://www.res.net/BUYER_LOGIN:1221053016.5058

    19. Paid Websites These websites are paid websites, but the list of foreclosed houses is usually free: http://www.foreclosuredataonline.com/ http://www.foreclosure.com/

    20. Paid Websites The wonderful thing about paid sites is they give you a great starting point and have a wealth of information free. You can take the information from paid websites and make a trip to the Courthouse and pull mortgage information, tax bill, deed and have all the contact information you need to get started. Visit several paid sites and take 10 to 15 address to the courthouse at a time and cull the ones that don’t pan out.

    21. United States Department of Agriculture This website is the United States Department of Agriculture. Always make sure the property is foreclosed or abandoned. Contact the person on the listing to make sure it qualifies under NSP. http://www.resales.usda.gov/sfhdirect/sfh_prop_main.cfm

    22. Miscellaneous Websites http://www.reoworld.com/listedproperties_state.asp http://www.precisionamc.com/properties.apx https://www.nreob.com/Public/Search/Search.ax The link below is shared by Katie Miller at the Housing Authority of Bowling Green. It is nearly a one-stop shop, with 63 links to major lenders selling foreclosed properties. http://www.thehardmoneypros.com/REO_bank_owned_property_directory.shtm

    23. Chase Mortgage This website is for Chase Mortgage: http://mortgage.chase.com/pages/other/co_properties_results.jsp

    24. NSP-1 First Look Program

    25. NSP-1 First Look Program

    26. Thank You If you would like us to send you a copy of the presentation please email Sara Osborne at sara.osborne@ky.gov or Roy Brothers at roy.brothers@ky.gov

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