As General Service or Wage Mariner employees you have two options:
Sell your Home on your Own Check “NO” on Question 23 of the CD-150
Sell your Home thru NOAA’s Third Party Contractor: Prudential Relocation Check “YES” on Question 23 of the CD-150
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Get a Real Estate AgentInsure Your Settlement Date is Within Two
Years of Reporting to NewportGo to ClosingDetermine What you Can ClaimComplete a CD-370 and CD-371Submit Both Forms with your Final HUD
Settlement Statement & Applicable Receipts to Your Approving Official
Insure Your Approving Official Submits Your Voucher to the Western Operations Branch for Payment
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04/18/23 4
Brokerage FeesAdvertisingLegal and Related
CostsPrepayment ChargeLender’s Appraisal FeeLoan Origination FeeFHA or VA Application
FeeMortgage Pre-
Payment PenaltyCertifications
Credit ReportMortgage Title PolicyEscrow Agent’s FeeState Revenue StampsMortgage & Transfer
TaxesOwners Title Insurance
PolicyProperty Inspection
Fees when required by lender
Other reasonable and customary fees
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Mortgage InsuranceInterest on Loans;
Points; and Mortgage or Loan Discounts
Property TaxesOperating or
Maintenance Costs (Including Repairs to the Property)
Homeowner Association Fees
Loan CommitmentUnderwriting FeeNew Loan Tie-In FeeLoan Closing or
Processing FeeVA Funding FeeMessenger Service
Fees, Express Mailing Fees, or Wire Transfer Fees
Escrow Contract Collection Fee
Select “YES” on Question 23 of the CD-150Once Your Orders are Received by the WOB
you Will be Entered into the Buyer Value Option (BVO) Program
Someone from Prudential will Contact you Within 24 hours
Choose a Real Estate Agent from Prudential’s Network ~ or ~ Find Your Own Real Estate Agent
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No Need to File Paperwork Through Your Approving OfficialPrudential invoices NOAA Directly
Receipt of Prudential’s Guarantee of the Sale Prior to ClosingYou are not at risk if the closing falls through
(Prudential will have to find a replacement buyer)
Access to Objective Advise on Marketing, Selecting a Real Estate Agency, Setting the Listing Price, Oversight of Marketing Activities, and Negotiation Assistance
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Prudential Goes to Closing and Pays Commissions
Advance Receipt of 95% of Your Home’s Equity once the Contract is Executed
Receipt of 100% of the Equity Once you VacateElimination of your Responsibility for Mortgage
Payments, Utilities, and Maintenance once the Contract is Executed and Home is Vacated
There is no Tax Liability to youPrudential will work with your Real Estate
Agent to get your Home Sold04/18/23 9
On the 31st Day of your Listing Agreement Prudential Sends you a List of Appraisers
Pick Two Appraisers to Perform an AppraisalContinue to Market the HomeAfter 90 Days Prudential will Make you an
Offer for your Home Based on an Average of the Two Appraisals
You Have 60 Days to Accept or Refuse Prudential’s Offer if an Outside Buyer is Still not Found
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04/18/23 11
Mortgage InsuranceInterest on Loans;
Points; and Mortgage or Loan Discounts
Property TaxesOperating or
Maintenance Costs (Including Repairs to the Property)
Homeowner Association Fees
Loan CommitmentUnderwriting FeeNew Loan Tie-In FeeLoan Closing or
Processing FeeVA Funding FeeMessenger Service
Fees, Express Mailing Fees, or Wire Transfer Fees
Escrow Contract Collection Fee
As Non-Commissioned Officers you have two options:
Buy your New Home on your Own Check “NO” on Question 23 of the CD-150
Buy your New Home thru NOAA’s Third Party Contractor: Prudential Relocation Check “YES” on Question 23 of the CD-150
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Get a Real Estate AgentApply for a Loan (Get a Broker)Insure Your Settlement Date is Within Two Years
of Reporting to NewportGo to ClosingDetermine What you Can ClaimComplete a CD-370 and CD-371Submit Both Forms with your Final HUD
Settlement Statement & Applicable Receipts to your Approving Official
Insure your Approving Official Submits your Voucher to the Western Operations Branch for Payment
04/18/23 13
04/18/23 14
Appraisal FeesLegal and Related CostsLender’s Appraisal FeeLoan Origination FeeFHA or VA Application
FeeInspection expenses
when required by lender
Attorney’s Fees when reasonable and customary
Credit ReportMortgage Title PolicyEscrow Agent’s FeeState Revenue StampsMortgage and
Transfer TaxesMortgage Title
Insurance PolicyConstruction ExpensesCertifications
Receipt of Mortgage Counseling and Mortgage Approval, if Requested, within 48 Hours of Contact
Receipt of Reimbursable Closing Costs from Prudential at Closing
No Need to File any Paperwork through your Approving Official
Early Access to Demographic Information on every Town, School, and Neighborhood in the Newport Area
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Select “YES” on Question 23 of the CD-150Once Your Orders are Received by the WOB
you will be Authorized for Direct BillSomeone from Prudential will Contact you
Within 24 hoursChoose a Real Estate Agent and/or Broker
from Prudential’s Network ~ or ~ Find Your Own Real Estate Agent and/or Broker
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Appraisal FeesLegal and Related
CostsLender’s Appraisal FeeLoan Origination FeeFHA or VA Application
FeeInspection expenses
when required by lender
Attorney’s Fees when reasonable and customary
Credit ReportMortgage Title PolicyEscrow Agent’s FeeState Revenue StampsMortgage and
Transfer TaxesMortgage Title
Insurance PolicyConstruction ExpensesCertifications