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  • Recommendation Number: 2017-CH-1004-001-B
  • Status: Closed
  • Date Issued: August 11, 2017
Closed Date:
December 05, 2017

Update its quality control plan to include the performance of physical inspections of the properties in its inventory.

Publication Report

2017-CH-1004 | August 11, 2017

Alpine First Preston Joint Venture II, LLC, Alpine, UT, Did Not Always Comply With Its Contract With HUD and Its Own Requirements for the Marketing and Sale of HUD-Owned Properties in the State of IL

We audited Alpine First Preston Joint Venture II, LLC, a contracted asset manager in HUD’s real estate-owned Management and Marketing III program, as part of the activities included in our 2017 annual audit plan and because it was the sole contractor to… more

Related Recommendations

Housing

  •  
    Status
      Open
      Closed
    2017-CH-1004-001-A
    Closed on December 05, 2017

    Implement adequate procedures and controls to ensure that it properly monitors the listing brokers to ensure compliance with its contract. The procedures and controls should include but not limited to performing quality control reviews and supervisory review of its brokers, and maintaining documentation of its quality control reviews and corrective actions.