Attention: Teachers, Firefighters, Law Enforcement, and EMT's

Did you know that you are eligible to buy a home for a 50% discount?

When I found out about this program my jaw dropped. I had no idea that this program was available and now I feel it is my personal responsibility to provide this helpful information to those who help us so much. The U.S. department of housing and urban development has a program that allows homes to be sold at a 50% discount. This means a buyer could purchase a home listed for $100,000 for $50,000.

So what's the catch?

Like everything that sounds too good to be true this has a catch. You must be a teacher, law enforcement officer, firefighter, or emergency medical technician to qualify.


HUD introduces Good Neighbor Next Door:

This program allows eligible buyers to receive a discount if they purchase a single-family HUD home in a designated revitalization area and live in it as their primary residence for 3 years. After that they can sell the home and keep the profits. To qualify you DO NOT need to be a first time home buyer, although you must not have owned any residential property for one year prior to making an offer on a Good Neighbor Home.

Other terms and conditions:

As part of the three-year occupancy agreement, buyers must sign a mortgage note for the discount amount. Once the three years is up, HUD releases the "second" mortgage obligation if buyers fail to meet the three-year agreement, HUD requires a prorated repayment of the mortgage amount - 1/36 of the discount - for each month short of the commitment. So in other words you have to abide by the guidelines.

So here is what you HAVE to do:

1. Buy a home at 50% of the listed value (sounds terrible)
2. Live in the home for 3 years while it appreciates at an average rate of 10.8 per year. (Painful I know)
3. Continue to live in a home where you have at least 50% Loan To Value ratio or sell the home and realize a favorable profit. (I know this will be hard for some)

There is just one more thing:

In order to purchase a home like this you MUST have a HUD registered Real Estate agent or broker. Lucky for you, you have stumbled upon my blog. So if you or anyone you know is interested please send me an e-mail at: Imagine.re@gmail.com and I can get you an updated list of available homes each Friday.

About the price:

The price is set. This is a luxury most people buying a home do not have. The price you see is the price you will get the home for. We simply prepare a HUD bid on the home. Unlike other HUD bids you do not need to try to "out bid" someone else. Everyone bids the same amount and if more than one person bids on the same property the bid winner is selected at random. So what are you waiting for? Help me make our neighborhoods a better place to live.