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Middle Georgia Hud Program allows you to buy your home for 50% of list price!
By Reginald Sullivan | November 12, 2008
Hud Good Neighbor Next Door Program
Who is eligible for this program?
Law enforcement officers, pre-Kindergarten through 12th grade teachers and
firefighters/emergency medical technicians can contribute to community revitalization
while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program.
HUD offers a substantial incentive in the form of a discount of 50% from the list price of
the home. In return you must commit to live in the property for 36 months as your sole
residence.
How the Program Works
Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for five days.
How to Participate in Good Neighbor Next Door
I can provide you with the listings for this area. If more than one person submits on a single home a selection will be made by random lottery. You must meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD’s regulations for the program.
HUD requires that you sign a second mortgage note for the discount amount. No interest or payments are required on this “silent second” provided that you fulfill the 3 year occupancy requirement. The number of properties available is limited and the list of available properties changes weekly.
For more information on this program, a list of homes or to purchase one of these homes give Reggie Sullivan at (478)447-9517 or email at realestatemidgeorgia@gmail.com.
Topics: Articles, Bibb County, Buyers/Sellers Tips, Georgia, Macon, NEWS |
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