HUD Homes for Half Price!
These homes are marked down 50% and can be purchased with a $100 down payment. The program is called Good Neighbor Next Door (GNND). Below are some qualifications:
- • Designed to enhance urban communities by offering discounts to Teachers, Police Officers, Firefighters and EMT's
- • Property must be located in Designated Revitalization Area
- • Buyer must live in home for at least 36 months (3 years)
- • Buyer nor spouse may not have owned a title to the property in the last 12 months
- • Participation is limited to Once in a Lifetime
Some Purchase Details:
- • Must Bid 100% of the listing price
- • Can utilize any type of financing or cash deal
- • FHA financing
- • Must Qualify for entire contract amount prior to discount
- • Can finance into the mortgage all reasonable and customary closing costs, including pre-paids and real estate commission
- • HUD will NOT pay any closing costs or real estate commissions
