Day 6 of HUD Foreclosure

We are on the 6th day after acceptance and we still don’t have a fully
executed contract!  Working with HUD can be so rewarding, both for me at the
Realtor and for the buyer, who is getting a great deal….BUT they are not
kidding when they say what type of check they want to see.  It states in the
contract ” a certified check from a bank or US postal service money order made
out to HUD or ‘buyer’s name’; it’s unfortunately common to see the eager buyer
rushing to the bank, getting a bank money order to HUD, then submitting that
with their contract.

Guess what? Offer can be cancelled!

They honored it and gave the buyer a chance to remedy the situation, but it
is absolutely imperative to follow the instructions when buying a HUD
foreclosure to follow ALL the instructions to the letter.  This buyer could have
lost his contract, and believe me there are plenty of other people waiting in
the wings to pick up this bargain property!


You want a what????

Wow…I just got another one of those calls…
“Howdy, I saw this TV show about gold mining and me and my brother thought we would come check it out. We want to take a look at some land up there; do you have any land with a lot of gold?”
HA!
First, if there is a parcel of land that has been proven to have gold in the dirt, then guess what? The Pomrenke’s or the Anderson’s own it! Just kidding, we have many miners here, but my point is that if someone KNOWS where the gold is, they are getting it out of the ground NOW!

I do have patented mining claims for sale, which means you are free to LOOK for the gold, but you never know what you will find.

The television shows we have seen lately were pretty unrealistic; and there are more shows coming with the lower 48’s facination with all things Alaskan. Which means an increase in population, which should excite a Realor, huh?

It doesn’t.

Don’t get me wrong, I love miners. The saying goes “Some people come to Nome to mine for gold, and some people mine the miners!” However often the miners have no clue what they are doing.

A lot of these new miners are dredging on the coast; this means they are out in the Bering Sea on these dredges, generally little boats that suck the sand (and hopefully some gold) from the ocean floor. Every year some inexperienced miner ends up capsized without proper safety equipment.

So if you come to Nome, call me to buy your placer mine dirt, but unless you have experience dredging in the ocean, stay in Texas (or OK, AR, NY, or where ever you are coming from!) unless you have a local miner sponsoring you (ie making you work for little profit until you know what you are doing!!!)

Be safe!