The US Department of Housing and Urban Development (HUD) has already begun to saddle up its Marketing and Management (M&M) Asset Manager (AM) 3.9 offering. Codified as DU204SA-17-R-0001, what we know is that all four HUD Home Ownership Centers (HOC) are in play — The Atlanta Homeownership Center, Denver Homeownership Center, Philadelphia Homeownership Center and Santa Ana Homeownership Center. We also know that it started, out with pom poms in hand back in March, only covering a quarter of what is open now.
For those of you late to the party, here is what is up for grabs,
Contract Areas – 7A (Georgia); 1D (Colorado, New Mexico, North Texas, Utah); 4D (Iowa, Nebraska, South Dakota, Wisconsin); 5D (Minnesota, Montana, North Dakota, Wyoming), 1P (Michigan); 3P (Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont); 4P (Ohio); 5P (District of Columbia, Delaware, Maryland, Pennsylvania, West Virginia, Virginia) 3S (Arizona); 4S (Nevada, Idaho); 5S (California, Hawaii, Guam); and 6S (Alaska, Oregon, Washington).
You don’t read Foreclosurepedia to tell you what you already ought to know, though. So, that is why I am going to explain, in a way that only a trained media professional such as myself, is capable of doing, why not all of that territory is going to be opened up.
3A has already been Awarded, under court order, to Alpine – First Preston JV II LLC. And what a nightmare that was with Interveners ranging the whole gambit from Precision Asset Management Corp. and Quinto to Q Integrated and the Dalai Lama.
We also know that 6A is going to realign to K.M. Minemier & Associates, LLC. Moreover, though, you may take it to the bank that there will be final answers on the 1D, 5P and 7A areas by the end of the month as well. And that comes from On High.
If you have not already perfected your Sources Sought on the HUD M&M AM 3.9, they are due tomorrow, 24 April 2017. Why is is critical that you submit them by then? Well, HUD looks at precisely how many Small Businesses are interested to determine the set asides.
The U.S. Department of Housing and Urban Development (HUD) is contemplating establishing a contract under NAICS Code 531210 – Office of Real Estate Agents and Brokers and is issuing this Request for Information (RFI) in order to solicit responses from capable sources and capability statements to ensure sufficient competition exists to meet the government’s requirements. The Small Business Standard is $7.5 Million. The PSC Code is R402 – Support-Professional Real Estate Brokers.
What exactly is being bid upon? Glad you asked. Here is what HUD had to say,
The Federal Housing Administration (FHA), an organizational unit within HUD, administers the single-family mortgage insurance program. FHA insures approved lenders against the risk of loss on loans they finance for the purchase, and in some instances rehabilitation, of single-family homes. In the event of a default on an FHA insured loan, the lender acquires title to the property by foreclosure, a deed-in-lieu of foreclosure, or other acquisition method, files a claim for insurance benefits and conveys the property to HUD. As a result of acquisitions through the mortgage insurance program and other programs, HUD has a need to manage and sell a sizable inventory of single-family homes in a manner that promotes home ownership, preserves communities, and maximizes return to the FHA insurance funds. HUD is the largest single seller of real estate in the US. In fiscal year 2016 and beginning of fiscal year 2017, the Department sold 8809 single-family homes in these areas.
As a final note, I am anticipating that bidding will potentially come under the Lowest Price Technically Acceptable (LPTA) provision as it recently did for the HUD M&M Field Service Manager (FSM) 3.10 contract. And it should as it is unfair to demand that small businesses be left out in the cold for performance metrics when it is impossible to acquire identical measurements unless you have been awarded a contract, prior.
If you are needing help bidding upon the HUD M&M AM or future HUD M&M FSM contracts, Foreclosurepedia has worked with small businesses for nearly a decade now. In addition, many small businesses are now joining the International Association of Field Service Technicians (IAFST), a Mortgage Field Services Industry Trade Association comprised of both Labor and Management dedicated to protecting foreclosed assets with the highest rate of return on investment for its ownership and the US Taxpayer.
