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On Point

REAL ESTATE SERVICES

Our experience includes operation and management of over 100 properties located in the 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. Destiny has reviewed hundreds of title searches in connection with the closing of FHA insured mortgages. In the closing process, Destiny 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, Destiny has reviewed non-profit entities offering HUD sponsored affordable housing programs to ensure their compliance with HUD Mortgagee letter 008.

Destiny 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. Destiny 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.