Company News

Buyer Select Closing Agent Program for Oklahoma

Attention Real Estate Professionals: Effective April 15, 2013, HUD will be implementing a “Buyer Select” closing agent pilot program in the State of Oklahoma. All buyers whose contracts are executed on or after April 15, 2013 will now select their … Continue reading

Buyer Select Closing Agent Program for Kansas

Attention Real Estate Professionals: Effective March 15, 2013, HUD will be implementing a “Buyer Select” closing agent pilot program in the State of Kansas. All buyers whose contracts are executed on or after March 15, 2013 will now select their … Continue reading

Buyer Select Closing Agent Program for West Texas

Attention Real Estate Professionals: Effective March 15, 2013, HUD will be implementing a “Buyer Select” closing agent pilot program in West Texas for the counties listed below.  All buyers whose contracts are executed on or after March 15, 2013, in … Continue reading

Buyer Select Closing Agent Program for Northern Illinois and Western North Carolina

Effective March 1, 2013, HUD will be implementing a “Buyer Select” closing agent program for the following Illinois Counties: Boone, Carroll, Cook, DeKalb, Dupage, Grundy, Jo Davies, Kane, Kankakee, Kendall, Lake, Lee, McHenry, Mercer, Ogle, Rock Island, Stephenson, Whiteside, Will, … Continue reading

Chicago HUD Training

02/28/13 – Chicago:  HUD Update – Real Estate Professionals - FREE EVENT!  Please plan to attend  this two-hour training seminar, covering changes regarding the U.S. Department of Housing and Urban Development (HUD) real estate owned properties. During this session, we will … Continue reading

First Preston HT Celebrates 25 Years

Dallas, Texas, (February 13, 2012) – Dallas-based First Preston HT will celebrate 25 years of business success on Thursday, February 14th. What began as a small woman-owned business has become a respected industry leader providing innovative and effective technology and … Continue reading

Holiday – Washington’s Birthday (Monday, February 18, 2013)

First Preston HT offices will be closed on Monday, February 18, 2013, in observance of Washington’s Birthday Federal Holiday.

Buyer Select Closing Agent Program

Effective February 16, 2013, HUD will be implementing a “Buyer Select” closing agent program for the following Pennsylvania Counties: Allegheny, Armstrong, Beaver, Bedford, Blair, Bradford, Bucks, Butler, Cambria, Cameron, Chester, Clarion, Clearfield, Crawford, Dauphin, Delaware, Elk, Erie, Fayette, Forest, Fulton, … Continue reading

Nashville Office Late Opening Due To Inclement Weather

1/25/13- The Nashville office will open at 10:00 am today due to inclement weather conditions in the area.

Holiday – Martin Luther King Jr. Birthday (Monday, January 21, 2013)

First Preston HT offices will be closed on Monday, January 21, 2013, in observance of the Martin Luther King, Jr. Birthday Federal Holiday.

Power has been restored to the Wilmington Office

1/14/13 – Power has been restored to the Wilmington Office

Wilmington Office without Power – No Email Service

1/14/13 – The Wilmington office is experiencing a power outage due to a technical problem in the area. The Service Provider is aware of the problem and is working to restore power.

Closing Early – New Years Eve (Monday, December 31, 2012)

First Preston HT offices will be closed starting at 3pm Monday, December 31, 2012 in observance of the New Year’s Day Federal Holiday.

Holiday – New Year’s Day (Tuesday, January 1, 2013)

First Preston HT offices will be closed on Tuesday, January 1, 2013, in observance of the New Years Day Federal Holiday.

Holiday – Christmas Eve (Monday, December 24)

12/22/2012 – First Preston HT offices will be closed on Monday, December 24, 2012, in observance of the Christmas Eve Federal Holiday.

Holiday – Christmas Day (Tuesday, December 25)

12/20/2012 – First Preston HT offices will be closed on Tuesday, December 25, 2012, in observance of the Christmas Day Federal Holiday.

HUD’s $100 Down Program Ending November 30, 2012

ATTN REAL ESTATE PROFESSIONALS: HUD’s $100 down program is ending on November 30, 2012 for the states of Arkansas, Colorado, Kansas, Louisiana, Missouri, New Mexico, Oklahoma, Texas and Utah. In addition to the existing $100 down requirements, any sales contract … Continue reading

Holiday – Thanksgiving Day (Thursday, November 22)

11/17/2012 – First Preston HT offices will be closed on Thursday, November 22, 2012, in observance of the Thanksgiving Day Federal Holiday.

Holiday – Veterans Day (Monday, November 12)

11/7/2012 – First Preston HT offices will be closed on Monday, November 12, 2012, in observance of the Veterans Day Federal Holiday.

Wilmington Office Update

The Wilmington Delaware office that services the states of Delaware, Maryland, Ohio, Pennsylvania, Virginia, West Virginia and Washington DC will resume operations on Wednesday, October 31, 2012. Bid openings will resume on Wednesday, October 31. Extensions of time will be … Continue reading

Wilmington Office Closure

The Wilmington Delaware office will be closed on Monday, October 29 and Tuesday, October 30, 2012 due to Hurricane Sandy. This office services the states of Delaware, Maryland, Ohio, Pennsylvania, Virginia, West Virginia, and Washington DC. Bids will be posted … Continue reading

Wilmington Office Closure

The Wilmington Delaware office will be closed on Monday, October 29, 2012 due to Hurricane Sandy. For immediate assistance, please call 1-866-971-2212. Please check our website for further updates on the office closure.

HUD $100 Down Payment Program

10/19/2012 – HUD has extended the $100 down payment program until November 30, 2012 for the following states in the Denver HOC: Arkansas, Colorado, Kansas, Louisiana, Missouri, New Mexico, Oklahoma, Texas, and Utah. The $100 down payment program remains in … Continue reading

Holiday – Columbus Day (Monday, October 8)

10/3/2012 – First Preston HT offices will be closed on Monday, October 8, 2012, in observance of the Columbus Day Federal Holiday.

Holiday – Labor Day (Monday, September 3)

8/27/2012 – First Preston HT offices will be closed on Monday, September 3, 2012, in observance of the Labor Day Federal Holiday.

Holiday – Independence Day (Wednesday, July 4)

6/29/2012 – First Preston HT offices will be closed on Wednesday, July 4, 2012, in observance of the Independence Day Federal Holiday.

Holiday – Memorial Day (Monday, May 28)

5/23/2012 – First Preston HT offices will be closed on Monday, May 28, 2012, in observance of the Memorial Day Federal Holiday.

Wilmington Office – Phone Service

The Wilmington office phone service has been restored.

Wilmington Office – Phone Service

The Wilmington office is experiencing phone service disruptions while the service provider works to restore service. Please contact our National Call Center at 866.564.6637 for assistance during this time.  

First Preston HT Sponsors 10 New Habitat Homes

First Preston HT, a longtime supporter of Habitat for Humanity, is sponsoring 10 new Habitat homes.  For more information, click here.

New look of BidSelect

03/01/2012 – First Preston HT announces the redesign of the BidSelect website.  Through an exclusive listing and offer management program, BidSelect has expanded searchable inventory to include Resale, Short Sale and Rental properties.  As a ListHub national affiliate partner, listing … Continue reading

BidSelect Announces Enhanced Website and New Marketing Option for Brokers and Agents

Dallas, Texas:  Since its launch in 2004, BidSelect, a First Preston HT Company, has received over one million offers, resulting in the sale of over 200,000 properties throughout the United States on behalf of financial and institutional clients.  For the … Continue reading

Scheduled Downtime – Thursday, March 1

02/27/2012 – First Preston HT will perform an upgrade to the BidSelect system this week and it requires a period of downtime from 3:00am until 6:00am CST on Thursday, March 1 and will affect all systems including BidSelect, HomeTelosFirst and … Continue reading

Telephone Service Restored.

Telephone issues at the Addison Circle of HomeTelos office, which are effecting 972-233-5559 number have been resolved.

Telephone Service

The Addison Circle office of HomeTelos is experiencing some phone issues that has effected the 972-233-5559 phone number. We have a technician in route and are working diligently to get the phones back in service. 972-788-1100 is a working alternative … Continue reading

Holiday – Washington’s Birthday (Monday, February 20)

2/15/2012 – First Preston HT offices will be closed on Monday, February 20, 2012, in observance of Washington’s Birthday Federal Holiday.

Holiday – Martin Luther King, Jr. Birthday (Monday, January 16)

1/9/2012 – First Preston HT offices will be closed on Monday, January 16, 2012, in observance of the Martin Luther King, Jr. Birthday Federal Holiday.

Holiday – New Years Day (Monday, January 2)

12/28/2011 – First Preston HT offices will be closed on Monday, January 2, 2012, in observance of the New Years Day Federal Holiday.

Holiday – Christmas Day (Monday, December 26)

12/19/2011 – First Preston HT offices will be closed on Monday, December 26, 2011, in observance of the Christmas Day Federal Holiday.

HUD Notice (Update on Arkansas Properties)

12/07/11 – Update on HUD-Owned Properties in Arkansas: HUD announced approval to market properties in Arkansas that the Department has determined can convey with clear title. For additional information call 1-866-56HOMES.

Holiday – Thanksgiving Day (Thursday, November 24)

11/17/2011 – First Preston HT offices will be closed on Thursday, November 24, 2011, in observance of the Thanksgiving Day Federal Holiday.

HUD Notice (State of Arkansas)

Due to a recent court ruling there will be no HUD-owned properties available for sale in the State of Arkansas until HUD determines the properties can convey with clear title. Updates on this situation will be provided as information is … Continue reading

HUD Notice (Sales Contracts)

November 10, 2011: Effective today, HUD has temporarily suspended the execution of sales contracts in the State of Arkansas to allow the Department to determine that they can convey properties with clear title.

Systems Upgrade (Tuesday, November 15)

11/10/2011 – First Preston HT will be performing an upgrade to our systems next week.  This requires a period of downtime from 8:00pm CST on Tuesday, November 15 until 6:00am CST Wednesday, November 16 and will affect all systems including BidSelect, HomeTracker, HomeTelosFirst and … Continue reading

Holiday – Veterans Day (Friday, November 11)

11/04/2011 – First Preston HT offices will be closed on Friday, November 11, 2011, in observance of the Veterans Day Federal Holiday.

HUD is Revising Broker Bonus Program

11/02/2011 – HUD is making revisions to the broker bonus program as follows: Effective November 25, 2011, HUD will suspend the broker bonus program in the states of Indiana, Illinois, Georgia, and Florida.   Effective December 1, 2011, HUD will implement … Continue reading

HUD Announces Great $100 Down Payment Program

10/21/2011 – HUD Announces Great $100 Down Payment Program for FHA Financing in Multiple States!   For more information click here.

November Training Sessions in Florida

10/13/2011 - November training sessions in Florida have been announced for Real Estate Professionals.  Click here for more information.

Holiday – Columbus Day (Monday, October 10)

10/03/2011 – First Preston HT offices will be closed on Monday, October 10, 2011, in observance of the Columbus Day Federal Holiday.

Re-Winterization Fee

09/15/2011 – ATTN REAL ESTATE PROFESSIONALS: On HUD sales transactions, HUD’s Field Service Manager (FSM) may require a re-winterization fee to be submitted along with the utility activation request form. HUD requires properties to be winterized during certain months and … Continue reading