Showing posts with label hud homes. Show all posts
Showing posts with label hud homes. Show all posts

Tuesday, January 17, 2012

5 Things You Should Know Before Buying HUD Homes


For sale HUD Homes: What You Should Know Buying a HUD home

The HUD homes for sale are FHA insured loans that were foreclosed and HUD has taken the ownership of the HUD Property. To make a profit out of it, HUD then assigns the HUD home to a Management and Marketing Contractor which will then clean and beautify the house and will have it appraised by and FHA appraiser.

Different rules apply when buying a home and a HUD home. This is for those who wants to buy a home and not for investors. These are the five things you should know before you make a bid in buying HUD homes.

1.   Anyone can buy a HUD home that’s for sale as long as you can get a mortgage or you have the money. There are no restrictions on who can buy HUD homes.

2.   You should take responsibility in making your own financing arrangements by having your loan pre-approved. A pre-qualification letter from your lending company or proof of cash is needed that is greater than the HUD homes you are buying. The HUD will not do your home so you can purchase HUD homes for sale.

3.   Be sure that you want the HUD home you are buying because a HUD home is sold in an as-is condition. What you see is what you get. Unlike in buying a regular house which you can do a meticulous inspection in almost everything, in buying HUD homes, you are not permitted to do a full inspection. A contract should be signed and accepted before you can test and inspect everything.

4.   There is an earnest money requirement which differs depending on the list price of the HUD home. However, if you don’t like the HUD home listing, the return of the earnest money is not automatic.

5.   You need to have a real estate agent in order to place your big on HUD homes for sale. You should choose a trusted and experienced real estate agent in buying HUD houses. Because if you pick the wrong real estate agent, you will be wasting a fortune.

REALTOR®, CIPS
Broker Associate at Keller Williams Realty.
Authorized HUD  Agent. Short Sale and Equator Experiences,
Ca. DRE. Lic# 01838443


Wednesday, January 4, 2012

Seven Main Roles of Your Real Estate Agent


How can a real estate agent help me?


Seven main roles of your real estate agent


A Buyer’s Real Estate Agent:
  1. Educates you about your market.
  2. Analyzes your wants and needs.
  3. Guides you to homes that fit your criteria.
  4. Coordinates the work of other needed professionals.
  5. Negotiates on your behalf.
  6. Checks and double-checks paperwork and deadlines.
  7. Solves any problems that may arise.

REALTOR®, CIPS
Broker Associate at Keller Williams Realty.
Authorized HUD  Agent. Short Sale and Equator Experiences,
Ca. DRE. Lic# 01838443

1031 Exchanges

Introduction to 1031 Exchanges
Anyone involved with advising or counseling real estate investors should know about tax-deferred exchanges, including Realtors, lawyers, accountants, financial planners, tax advisors, escrow and closing agents, and lenders. A 1031 Exchange (Tax-Deferred Exchange) Is One Of The Most Powerful Tax Deferral Strategies Remaining Available For Taxpayers. Taxpayers should never have to pay income taxes on the sale of property if they intend to reinvest the proceeds in similar or like-kind property.
The Advantage of a 1031 Exchange
The Advantage of a 1031 Exchange is the ability of a taxpayer to sell income, investment or business property and replace with like-kind replacement property without having to pay federal income taxes on the transaction. A sale of property and subsequent purchase of a replacement property doesn't work, there must be an Exchange. Section 1031 of the Internal Revenue Code is the basis for tax-deferred exchanges. The IRS issued "safe harbor" Regulations in 1991 which established approved procedures for exchanges under Code Section 1031. Prior to the issuance of these Regulations, exchanges were subject to challenge under examination on a variety of issues. With the issuance of the 1991 Regulations, tax-deferred exchanges became easier, affordable and safer than ever before.
The Disadvantages of a Section 1031 Exchange include a reduced basis for depreciation in the replacement property. The tax basis of replacement property is essentially the purchase price of the replacement property minus the gain which was deferred on the sale of the relinquished property as a result of the exchange. The replacement property thus includes a deferred gain that will be taxed in the future if the taxpayer cashes out of his investment.
Exchange Techniques.
There is more than one way to structure a tax-deferred exchange" under Section 1031 of the Internal Revenue Code. However, the 1991 "safe harbor" Regulations established procedures which include the use of an Intermediary, direct deeding, the use of qualified escrow accounts for temporary holding of "exchange funds" and other procedures which now have the official blessing of the IRS. Therefore, it is desirable to structure exchanges so that they can be in harmony with the 1991 Regulations. As a result, exchanges commonly employ the services of an Intermediary with direct deeding.
Exchanges can also occur without the services of an Intermediary when parties to an exchange are willing to exchange deeds or if they are willing to enter into an Exchange Agreement with each other. However, two-party exchanges are rare since in the typical Section 1031 transaction, where the seller of the replacement property is not the buyer of the taxpayer's relinquished property.

Investor Services 
Keller Williams Realty excels at finding valued opportunities in any market. 


Our experience of real estate ensures our understanding of improvement costs and acquisition guidelines.

Our history as a real estate business has developed a strong relationship with owners and investors who help us understand all sides of any dealNegotiations of the deal are important and we have the patience to work out an honorable transaction.

Important investments are time worthy and require well experienced closers. Our success rate is strong giving us a big share in the percentage of success rating in growing nation wide business
 



For all your real estate needs, please call or contact us  



REALTOR®, CIPS
Broker Associate at Keller Williams Realty.
Authorized HUD  Agent. Short Sale and Equator Experiences,
Ca. DRE. Lic# 01838443

Tuesday, January 3, 2012

Eight Steps on How to Buy Your Home

1. Decide to buy.
Although there are many good reasons for you to buy a home, wealth building ranks among the top of the list. We call home ownership the best “accidental investment” most people ever make. But, we believe when it is done right, home ownership becomes an “intentional investment” that lays the foundation for a life of financial security and personal choice. There are solid financial reasons to support your decision to buy a home, and, among these, equity buildup, value appreciation, and tax benefits stand out.
Base your decision to buy on facts, not fears.
  1. If you are paying rent, you very likely can afford to buy
  2. There is never a wrong time to buy the right home. All you need to do in the short run is find a good buy and make sure you have the financial ability to hold it for the long run
  3. The lack of a substantial down payment doesn’t prevent you from making your first home purchase
  4. A less-than-perfect credit score won’t necessarily stop you from buying a home
  5. The best way to get closer to buying your ultimate dream home is to buy your first home now
  6. Buying a home doesn’t have to be complicated – there are many professionals who will help you along the way

2. Hire your agent.
The typical real estate transaction involves at least two dozen separate individuals – insurance assessors, mortgage brokers and underwriters, inspectors, appraisers, escrow officers, buyer’s agents, seller’s agents, bankers, title researchers, and a number of other individuals whose actions and decisions have to be orchestrated in order to perform in harmony and get a home sale closed. It is the responsibility of your real estate agent to expertly coordinate all the professionals involved in your home purchase and to act as the advocate for you and your interests throughout.
Seven main roles of your real estate agent

A Buyer’s Real Estate Agent:
  1. Educates you about your market.
  2. Analyzes your wants and needs.
  3. Guides you to homes that fit your criteria.
  4. Coordinates the work of other needed professionals.
  5. Negotiates on your behalf.
  6. Checks and double-checks paperwork and deadlines.
  7. Solves any problems that may arise.

Eight important questions to ask your agent

Qualifications are important. However, finding a solid, professional agent means getting beyond the resume, and into what makes an agent effective. Use the following questions as your starting point in hiring your licensed, professional real estate agent:
  1. Why did you become a real estate agent?
  2. Why should I work with you?
  3. What do you do better than other real estate agents?
  4. What process will you use to help me find the right home for my particular wants and needs?
  5. What are the most common things that go wrong in a transaction and how would you handle them?
  6. What are some mistakes that you think people make when buying their first home?
  7. What other professionals do you suggest we work with and what are their credentials?
  8. Can you provide me with references or testimonials from past clients?

3. Secure financing.
While you may find the thought of home ownership thrilling, the thought of taking on a mortgage may be downright chilling. Many first-time buyers start out confused about the process or nervous about making such a large financial commitment.
From start to finish, you will follow a six-step, easy-to-understand process to securing the financing for your first home.

Six steps to Financing a Home
  1. Choose a loan officer (or mortgage specialist).
  2. Make a loan application and get preapproved.
  3. Determine what you want to pay and select a loan option.
  4. Submit to the lender an accepted purchase offer contract.
  5. Get an appraisal and title commitment.
  6. Obtain funding at closing.

4. Find your home.
You may think that shopping for homes starts with jumping in the car and driving all over town. And it’s true that hopping in the car to go look is probably the most exciting part of the home-buying process. However, driving around is fun for only so long – if weeks go by without finding what you’re looking for, the fun can fade pretty fast. That’s why we say that looking for your home begins with carefully assessing your values, wants, and needs, both for the short and long terms.
Questions to ask yourself
  1. What do I want my home to be close to?
  2. How much space do I need and why?
  3. Which is more critical: location or size?
  4. Would I be interested in a fixer-upper?
  5. How important is home value appreciation?
  6. Is neighborhood stability and priority?
  7. Would I be interested in a condo?
  8. Would I be interested in new home construction?
  9. What features and amenities do I want? Which do I really need?

5. Make an offer.
When searching for your dream home, you were just that – a dreamer. Now that you’re writing an offer, you need to be a businessperson. You need to approach this process with a cool head and a realistic perspective of your market. The three basic components of an offer are price, terms, and contingencies (or “conditions” in Canada).
Price – the right price to offer must fairly reflect the true market value of the home you want to buy. Your agent’s market research will guide this decision.
Terms – the other financial and timing factors that will be included in the offer.
Terms fall under six basic categories in a real estate offer:
  1. Schedule – a schedule of events that has to happen before closing.
  2. Conveyances – the items that stay with the house when the sellers leave.
  3. Commission – the real estate commission or fee, for both the agent who works with the seller and the agents who works with the buyer.
  4. Closing costs – it’s standard for buyers to pay their closing costs, but if you want to roll the costs into the loan, you need to write that into the contract.
  5. Home warranty – this covers repairs or replacement of appliances and major systems. You may ask the seller to pay for this.
  6. Earnest money – this protects the sellers from the possibility of your unexpectedly pulling of the deal and makes a statement about the seriousness of your offer.

6. Perform due diligence.
Unlike most major purchases, once you buy a home, you can’t return it if something breaks or doesn’t quite work like it’s supposed to. That’s why home owner’s insurance and property inspections are so important.
A home owner’s insurance policy protects you in two ways:
  1. Against loss or damage to the property itself
  2. liability in case someone sustains an injury while on your property

The property inspection show expose the secret issues a home might hide so you know exactly what you’re getting into before you sign your closing papers.
  • Your major concern is structural damage.
  • Don’t sweat the small stuff. Things that are easily fixed can be overlooked.
  • If you have a big problem show up in your inspection report, you should bring in a specialist. If the worst-case scenario turns out to be true, you might want to walk away from the purchase.

7. Close.
The final stage of the home buying process is the lender’s confirmation of the home’s value and legal statue, and your continued credit-worthiness. This entails a survey, appraisal, title search, and a final check of your credit and finance. Your agent will keep you posted on how each if progressing, but your work is pretty much done.
You just have a few preclosing responsibilities:
  1. Stay in control of your finances.
  2. Return all phone calls and paperwork promptly.
  3. Communicate with your agent at least once a week.
  4. Several days before closing, confirm with your agent that all your documentation is in place and in order.
  5. Obtain certified funds for closing.
  6. Conduct a final walk-through.

On closing day, with the guidance of a settlement agent and your agent, you’ll sign documents that do the following:
  1. Finalize your mortgage.
  2. Pay the seller.
  3. Pay your closing costs.
  4. Transfer the title from the seller to you.
  5. Make arrangements to legally record the transaction as a public record.
As long as you have clear expectations and follow directions, closing should be a momentous conclusion to your home-searching process and commencement of your home-owning experience.

8. Protect your investment.
Throughout the course of your home-buying experience, you’ve probably spent a lot of time with your real estate agent and you’ve gotten to know each other fairly well. There’s no reason to throw all that trust and rapport out the window just because the deal has closed. In fact, your agent wants you to keep in touch.
Even after you close on your house, you agent can still help you:
  1. Handle your first tax return as a home owner.
  2. Find contractors to help with home maintenance or remodeling.
  3. Help your friends find homes.
  4. Keep track of your home’s current market value.
Attention to you home’s maintenance needs is essential to protecting the long-term value of your investment.
Home maintenance falls into two categories:
  1. Keeping it clean: Perform routine maintenance on your home’s systems, depending on their age and style.
  2. Keeping an eye on it: Watch for signs of leaks, damage, and wear. Fixing small problems early can save you big money later.

REALTOR®, CIPS
Broker Associate at Keller Williams Realty.
Authorized HUD  Agent. Short Sale and Equator Experiences,
Ca. DRE. Lic# 01838443

Thursday, December 29, 2011

Who qualifies for discount from HUD homes?



Housing and Urban Development Department U.S. provides quite vigorous deals timely to the buyers. HUD makes the homes available to the buyers that are foreclosed on the non-payment of FHA-insured loan. Only those who are already registered with the site can place a bid for HUD HOMES and the buyers must bid through the registered agents only. The HUD has declared some parties that are eligible to buy HUD HOMES. They are law enforcement officers, firefighters, emergency medical technicians, or the teachers. Let us have a brief look below at the parties that are eligible to buy HUD HOMES:

The full-time teacher employed by the state-accredited public school or by private school that endows direct services to the pre-kindergarten through 12th standard students. The school must also serve the students from the area where the teacher is purchasing home.

The full time Firefighter/Emergency Medical Technician employed by the fire department or by the emergency medical services responder unit of federal government, state, general local government unit or Indian tribal government that serves in the area where the home being purchased is located.

The law enforcement officer employed full-time by law enforcement agency of federal government, state, general local government unit or Indian tribal government. The officer must also be under oath to advocate for violations of federal, state, county, tribal, township or the municipal laws.

Individuals having valid SSN who have not purchased any HUD property within past two years are eligible and can bid on HUD HOMES in the exclusive and extended period. They rank above the nonprofit and government agencies in biding selection process in the exclusive and extended listings.

The investors having valid Employer Identification Number (EIN) or Social Security Number (SSN) can bid in the extended period and are ranked below the other bidders in the biding selection process.

The nonprofit organizations who are in approved purchase areas can bid on HUD homes in lottery, exclusive and extended period. The home must be uninsured if the property is in lottery period and they cannot bid for dollar homes. These agencies rank below Government Agencies in the biding selection process for lottery and above the same for exclusive or extended listings.

Accredited government agencies can bid in lottery, exclusive, extended periods in the approved purchase areas and if the property is in lottery period HUD HOME must be uninsured. Government agencies can place bids for Dollar homes.

Any authorized HUD HOMES agent can help you buy or sell these houses. Contact Authorized HUD HOMES agent click here Or go to website: http://www.sdhudhomes.org

REALTOR®, CIPS
Broker Associate at Keller Williams Realty.
Authorized HUD  Agent. Short Sale and Equator Experiences,
Ca. DRE. Lic# 01838443

Mistakes to avoid when buying HUD Homes for Sale








The FHA foreclosed property or the HUD property is a great investment for the homebuyers as well as for the investors who wish to buy HUD HOMES. The HUD HOMES are the homes for sale that are financed by FHA loan and that loan has been foreclosed. These homes are sold via HUD contactors who market these properties and sell to interested homebuyers or investors. It is always advisable to hire an agent who is authorized by HUD as HUD has made it compulsory for any homebuyers to bid for the property through the authorized agents only. There are many things that need to be considered and some things that need to be avoided when buying HUD HOMES that are available for sale. Let us have a look at few of the important tips:

·       Many of the homebuyers just call any real estate agent or call the one who is used in past but sometimes this not just the thing to be done. There are only few of the agents who are aware of everything related to HUD HOME selling and could buy them so choosing the agent who have good track record and experience in selling HUD HOMES is always important thing to do.

·       HUD HOMES are meant to be sold to the public at convenient rates so paying too much for these homes is not the thing to be done. HUD say that they sell the houses at "Fair Market Value" and one must always make sure what the exact market value is for that particular property. The experienced real estate agent may help you with the proper market analysis and the prices that are not too high and not too low.

·     Before buying any property, one must do in depth analysis of that and find out the flaws so that you will not have to regret in future. HUD itself provides the "Property Condition Report" that has detailed copy of the analyzed report of the property to make the buyers available with the home condition but still having the inspection done by you is the better and satisfactory option.

·       The HUD houses are sold "As-Is" and when you buy a HUD property you need to make your bid amount adjusted according to the repairs needed in the house. Also HUD pays up to 5% of purchased price on some buyers closing costs. The real estate agents will certainly let you know the closing cost HUD pays so that you can make the better decision.

By keeping few of the important things in mind you can certainly maximize the advantages you have in buying HUD HOMES and will certainly enjoy fair and profitable deals at your specifications.

Any authorized HUD HOMES agent can help you buy or sell these houses. Contact Authorized HUD HOMES agent click here Or go to website: http://www.sdhudhomes.org/

REALTOR®, CIPS
Broker Associate at Keller Williams Realty.
Authorized HUD  Agent. Short Sale and Equator Experiences,
Ca. DRE. Lic# 01838443

Tips for buying HUD Homes




HUD offers quite better deals for the homebuyers and for the investors. At times when foreclosure rate is high availability of HUD HOMES increases. There are many terms and conditions of HUD that a buyer need to understand and fulfill along with many differentials. To have a quick guide about HUD HOME buying, know the below mentioned tips.

Understanding that al HUD HOMES are not great deals there may be many flaws that you cannot afford to bear or there may be some requirements that you cannot fulfill. Remember that the real estate agents are marketing HUD properties and always make your decisions based on the detailed analysis made by your personal visit and examination. Also understanding the bidding process is also very important, as there may be countless requirements to be fulfilled and to be understood in order to buy the property wisely. The aim of the US government behind selling HUD HOMES is to increase the number of US homeowners and so they give first priority to the home buyers before any other party. The homebuyers can bid within the first 10 days before making the property available to the investors.





You have also have a visit before buying the property so estimate the repair cost if any and deduct it from the bidding amount you have calculated. Timely monitor the HUD property inventory that varies with the foreclosure rates. Bid or buy HUD property when foreclosure rates are high and do not when the rates are low so that you may get better deals at le costs. You are required to complete the paperwork after your bid is accepted so always make sure the agent you are bidding knows the process well so that you can minimize the hassles involved in running here and there. Buying HUD property involves many hassles as the department puts strict restrictions on the bidding process you need to act quick and decisively. You will get maximum around two weeks to complete the process and if you are making mistakes repeatedly, time and resources will be wasted so act smart and avoid pester.

Any authorized HUD HOMES agent can help you buy or sell these houses. Contact Authorized HUD HOMES agent click here Or go to website: http://www.sdhudhomes.org/


Porama Srijinda
, MBA

REALTOR®, CIPS
Broker Associate at Keller Williams Realty.
Authorized HUD Agent, Short Sale-Equator Experiences
VA, FHA Qualified
DRE. .License # :  01838443

Investing in HUD Homes is a Great Deal



Investing in HUD Homes is a great deal

The Housing and Urban Development department (HUD) purchases homes that are insured by Federal Housing Administration and are foreclosed. Then they earn the loss they incurred in foreclosure by selling these houses to the public. HUD uses specific bidding process and those who wish to invest in these homes may bid through their agents. HUD properties are usually sold on lower prices than the market value as they are owned by the government of US. A successive growth is expected in terms of HUD HOMES availability as the loans insured by FHA are becoming quite popular among the buyers who cannot get qualified for any other types of loans. HUD does not deal with homebuyers so in order to buy a HUD HOME you need to get a qualified HUD agent for you who can converse on your behalf.



The employees of HUD and their relatives are eligible to buy HUD HOMES. They must have a written approval from the HUD’s Office Director of Single Family Asset Management to buy HUD-owned single-family property. HUD HOMES are available in broad area neighborhoods and middle-income families can afford these houses. If these homes do not need repair, they are sold at the common prices. One can visit the HUD website and get the details regarding the availability or the bids of the HUD house in any area, as the search option is available on the website. Usually the agents help buyers with the entire procedure including all paper work and the settlement if the offer to bid is accepted is around 30 to 60 days.

The HUD HOMES are firstly made available to only those who wish to live in these houses but if they do not bid on the house then the investors are allowed in the bidding. If the foreclosure houses are not sold out within six months from the purchase, HUD sells them for $1 each to the other government agencies and nonprofit organizations. According to HUD department, the investors are required to have valid Tax Identification Number (TIN) or Social Security Number (SSN) to bid on HUD HOMES.

Investors are also required to submit pre-qualification note from certified licensed lender. The brokers, associate brokers and the associated selling agents need to first register with federal HUD website prior to submitting their bids. There are loads of terms as to who can qualify for buying HUD HOMES so it is always advisable to the investors to thoroughly go through the HUD website and get all possible information.

Any authorized HUD HOMES agent can help you buy or sell these houses. Contact Authorized HUD HOMES agent click here Or go to website: www.SDHUDHOMES.ORG

Financial Available for qualified buyers and investors.  Conventional, VA,FHA, Hard Monday

Porama Srijinda, MBA
REALTOR®, CIPS
Broker Associate at Keller Williams Realty.
Authorized HUD Agent, Short Sale-Equator Experiences
VA, FHA Qualified
DRE. .License # :  01838443

Real Estate is a Great Investment


A very famous property investment specialist said, "When money is cheap to borrow and the houses are cheap to buy, it is absolutely the right time to invest." There is not only one but also many advantages attached with investing your real money into property. Trend has proved that the real estate prices have never gone down and the ones who have invested into real estate have always been in profit when selling the properties in near future.

Here are some of the major advantages you may have investing your money into real estate properties. A guide to some of the major benefits is a below:

·      You will get to save loads of tax in investing your money into real estate property. The values of properties always appreciate and using IRS, you can always write off your property depreciating. This way you will certainly save thousands every year.

·   Property is always into Good Debts, and building wealth this way you will always in profit.The main benefit you have with real estate investment is “leverage” and investing some of the savings into building house will benefit your wealth in the long term.

·       "Don’t put all your eggs in one basket" the proverb here means that you should diversify your portfolio. Investing all your money into one investment may benefit you largely or may dig you into a big trouble. There are many investment options such as stocks and bonds but it is always advisable to diversify your portfolio with investment into different fields.

·    Many invest into insurance retirement plans to secure their future. Property, with its increasing values and dependability has become one of the best retirement solutions and many have started considering investment into property as a very trusted and a secure way. Definitely when you will retire, you will have a great source of income.

If you will once buy a property and will sell it on higher prices, the profit you gain from it will be called capital gains and you will have to pay taxes on that capital gain income. However, if you will invest your money into another property just after you receive capital gains you will surely differ your taxes this way and will save bucks. Your financial gains will be differed into some other investments. Property business is in its peak now days and more and more people are investing their short and long-term money into buying real estate property. “Any authorized agent can buy-sell HUD HOMES.” It is more fascinating that you are getting HUD homes here at your ease so hurry and grab the deal today itself.





Porama Srijinda
, MBA

REALTOR®, CIPS
Broker Associate at Keller Williams Realty.
Authorized HUD Agent, Short Sale-Equator Experiences
VA, FHA Qualified
DRE. .License # :  01838443

Best HUD homes: SD Hud Homes



SDhudHomes.org provides best HUD HOMES to homeowners, buyers and investors.

HUD HOMES are the default FHA insured properties that US government Housing and Urban Development department buys and sell to some specific qualified buyers. HUD properties go for sale very quickly and you need to register yourself with an authorized agent in order to place a bid for HUD HOMES. As US government buys these properties, they make them available for bid to recover the losses from foreclosure. If you are also one of the homeowner or the investor, who wants to buy HUD HOME then sdhudhomes.org is the best place you will get your dream home.

We are an authorized HUD agent that will certainly help you buy your dream home exclusively according to your specifications. We will make you available the recent and quick HUD bids and will let you know the address, price ranges, market value, listing and the bidding date and the deadlines for submitting the bid and all the documents. We will also make you available the qualifying status and all the other requirements. Unlike other places, we will let you know the damages and the repair status of the HUD HOME so that you will not have any trouble in future.

HUD HOMES are reachable property that any qualifying homeowner, buyer or investor can buy. We will save your time and money that is either wasted in searching for the property here and there. HUD HOMES are quite advantageous as compared to other homes as they are less expensive, they come with good neighborhood and they are available in quite good conditions in spite of being low cost. We will make the best and hot HUD HOMES available at your footsteps all at your specifications. All you need to do is log on to www.sdhudhomes.org and get all you need for your dream home.





Porama Srijinda
, MBA

REALTOR®, CIPS
Broker Associate at Keller Williams Realty.
Authorized HUD Agent, Short Sale-Equator Experiences
VA, FHA Qualified
DRE. .License # :  01838443