Grand Rapids Michigan Real Estate Blog

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HUD Good Neighbor Next Door Home Sales Program

HUD Good Neighbor Next Door Home Sales Program

This HUD program is available to a select group:

  • Law enforcement officers
  • Pre-Kindergarten through 12th grade teachers
  • Firefighters
  • Emergency medical technicians

These buyers are offered a discount of 50% from the list price of a HUD home.

The buyer must remain in the home for 36 months and be your sole residence.

The program is being offered in certain areas, revitalization areas, are listed

only for sales through the Good Neighbor Next Door Sales program for purchase

through the program for five days.

 

HUD requires that you sign a second mortgage and note for the discount amount.

No interest or payments are required on this "silent second" provided that you

fulfill the three-year occupancy requirement.

The number of properties available is limited and the list of available properties

changes weekly. To learn more, go to Good Neighbor Next Door.

 

Originally published at Grand Rapids Real Estate Blog

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Comment balloon 3 commentsTerry & Bonnie Westbrook • January 16 2012 09:17AM

Comments

I used to be a hud listing agent back in 2006 and what i used to do is I would create fliers and then go to like the different officials buildings like fire stations and other with my fliers explaining them how it works and how they can in to the homes for some reason our area just doesn't have many homes that qualify for that program

Posted by Derya Martin (Meybohm Realtors) over 5 years ago

Wow that looks like a great program, I did not find and AZ homes on the list.

Posted by Mike Dobbins, Scottsdale, Cave Creek, Carefree (West USA Realty) over 5 years ago

I've written on this subject myself. It's a great deal as long as you don't mind living in an area that's in a state of decline.

Posted by Jill Sackler, LI South Shore Real Estate - Broker Associate (Broker Associate, Charles Rutenberg Realty Inc. "Said and Done!") over 5 years ago

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