| |
DMS has experience negotiating
sales contracts for single-family and multi-family unit transactions,
establishing eligibility for Conventional, VA and FHA 203-(b), FHA
203-(k) loan approvals and facilitating loan applications with area
lenders. We have also coordinated loan documents with underwriters,
arranged appraisals and home inspections and assisted potential buyers
with the loan approval and managed the settlement process. DMS staff
has handled all financial aspects through closings of real estate
transactions including negotiation of 1st mortgages and subordination
of 2nd and 3rd mortgages in some cases. We have developed multi-family
sales prospectuses for apartment buildings, and other commercial properties.
We have both licensed real estate agents, mortgage brokers and settlement
officers available to assist with the purchase and sales closing process.
Our experience includes operation and management of over 100 properties
located in Washington, DC Metropolitan Area. Our staff has managed
multi-family and single-family properties, through several HUD programs
including Section 8 housing subsidy located in the District of Columbia
and Maryland. DMS has reviewed hundreds of title searches in connection
with the closing of FHA insured mortgages. In the closing process,
DMS has reviewed the HUD-1 settlement sheet for compliance with
FHA regulations for purchasers. Property management services include
coordination of maintenance services, financial statement preparations,
rent strike negotiations, landlord-tenant legal issues, and other
related services.
In an audit capacity, DMS has reviewed non-profit entities offering
HUD sponsored affordable housing programs to ensure their compliance
with HUD Mortgagee letter 008.
|
