Southwest Alliance

About Us

Notices And Announcements

•	Southwest Alliance
•	Locations
•	Employment Opportunities
•	Notices and Announcements

11/5/2009 - ATTN: ALL BROKERS: Southwest Alliance will be closed on Wednesday, November 11, 2009 in observance of the Veterans Day Federal Holiday. All daily bids received on Tuesday, November 10, 2009 through Wednesday, November 11, 2009 will be reviewed simultaneously on Thursday, November 12, 2009.
10/20/2009 - ATTN ALL BROKERS: HUD has revised the LBP inspection, visual assessment and stabilization process for properties built prior to 1978. Effective October 19, 2009, no LBP inspections, visual assessments or stabilization will be performed on properties built prior to 1960 unless it is contracted with FHA financing. This is the same process that is currently in place for properties built from 1960 to 1978. If LBP is found at inspection for any property built prior to 1978 and contracted with FHA financing, HUD will not perform stabilization if the cost is more than $4,000. If the cost is more than $4,000, and the property is contracted with 203B or 203B with escrow, the buyer may amend the financing to conventional, 203K (if it meets program requirements) or choose to cancel the contract. If the property is contracted with 203K financing and the stabilization and clearance costs are more than $4,000 a seller paid credit will be allowed for $4,000. The balance of the stabilization and clearance costs will be the cost of the buyer. If the stabilization and clearance costs are less than $4,000 a seller paid credit will be allowed for the full amount of the stabilization and clearance cost. If the cost is more than $4,000 and the property is contracted with 203K the buyer may elect to continue with the contract with the understanding that HUD will only provide a seller paid escrow in the amount of $4,000 and the balance of the stabilization and clearance cost will be a cost to the buyer, amend the financing to conventional or choose to cancel the contract. Please carefully review the LBP Disclosure Addendum with your buyers for full requirements and information.
10/7/2009 - ATTN: ALL BROKERS: Southwest Alliance will be closed on Monday, October 12, 2009 in observance of the Columbus Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, October 13, 2009. All daily bids received on Friday, October 9, 2009 through Monday, October 12, 2009 will be reviewed simultaneously on Tuesday, October 13, 2009.
9/4/2009 - ATTN: ALL BROKERS: Southwest Alliance will be closed on Monday, September 7, 2009 in observance of the Labor Day Federal Holiday. Please be advised that there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday September 8, 2009. All daily bids received on September 5, 2009 through September 7, 2009 will be reviewed simultaneously on September 8, 2009.
8/18/2009 - ATTN: Brokers/Agents: The Denver HOC is presenting an REO/Streamlined 203(k) Training webinar on August 27th for real estate agents & other representatives of the real estate community. Learn about advantages of the streamline 203(K) combined with a purchase of HUD REO properties and increase the value of your services by providing your buyers with information regarding cost & energy effective home improvements.

Please see the following link below to HUD's website and the event:
http://www.hud.gov/offices/hsg/sfh/events/events.cfm
7/20/2009 - Phone service in the Addison office has been restored.
7/20/2009 - Southwest Alliance is currently experiencing an interruption in phone service at its Addison office location. The phone company is working to restore service.
6/30/2009 - ATTN: ALL BROKERS: Southwest Alliance will be closed on Friday, July 3, 2009 in observance of the Federal holiday. All daily bids received on Thursday July 2, 2009 through Sunday July 5, 2009 will be reviewed simultaneously on Monday July 6, 2009. Owner occupant bid deadlines of Thursday, July 2, 2009 will not be extended. Bids will be reviewed and posted on Monday July 6, 2009.

Click here for previous Notices and Announcements