Hud closings on hold update.

The latest updated on the temporary hold for HUD transactions is that all files that were currently with MCB are currently in transit to the three new asset managers (HomeTelos, Matt Martin Realty and Pemco).  We are told they should all have their inventory by this coming Monday, November 8, 2010.  Whether or not they will be ready to open their doors for “business” we have not yet been advised however we would imagine that they are as anxious as everyone else to get going as they have been staffed for quite some time and as we all know that requires money.
 
For those of you who have files to that need to get to the closing table the question will be which asset manager has your file and how ready will they be to get it to the closing table? 
  

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