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1/29/2010 - ATTENTION: Due to inclement weather conditions in the Tulsa, Oklahoma Area, First Preston offices will close at 12:00 PM Central Time today. For assistance during this time, please contact the Call Center at (800) 934-3009.
1/29/2010 - ATTENTION: Due to inclement weather conditions in the Nashville, Tennessee Area, First Preston offices will close at 12:00 PM Central Time today. For assistance during this time, please contact the Call Center at (800) 934-3009.
1/25/2010 - ATTN: ALL BROKERS AND AGENTS: Bank of America and Bank of America Home Loans have made the following changes to their Earnest Money Guidelines: Effective 1/21/10 earnest money deposits shall be no less than 1% of the purchase price and are required for all REO properties.
1/21/2010 - ATTN: ALL KY & TN BROKERS: Clarification of the $100 Down Payment for owner occupant sales where FHA financing is utilized. Effective with bids awarded 1/22/10 and later, any owner occupant buyer using FHA financing is eligible for the $100 down payment. The buyer may NOT finance closing costs or prepaids into the loan. If the buyer bids over the 'as is' Appraisal value of the property, they must pay cash in the amount of the difference between the 'as is' Appraisal value and the offer price less $100.
1/11/2010 - ATTN: ALL BROKERS: First Preston will be closed on Monday, January 18, 2010 in observance of Martin Luther King, Jr. Day. Please note there is no extension of the owner-occupant bidding period. Bid results for the owner-occupant bidding period will be posted on Tuesday, January 19, 2010. All daily bids received on Friday, January 15, 2010 through Monday, January 18, 2010 will be reviewed simultaneously on Tuesday January 19, 2010.
