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Good Neighbor Next Door Update: Sacramento County 4/5/2010

By
Mortgage and Lending with Julie Chroust, Senior Loan Officer Bay Equity LLC NMLS #249458



 

The Good Neighbor Next Door Program offers HUD owned single family (one-unit) homes to eligible participants at a 50% discount.

In return you must commit to live in the property for 36 months as your sole residence.

Who Can Participate?

Law Enforcement

You may participate in the Good Neighbor Next Door program as a law enforcement officer if you are employed full-time by a law enforcement agency of the federal government, a state, a unit of general local government, or an Indian tribal government; and, in carrying out such full-time employment, you are sworn to uphold, and make arrests for violations of, federal, state, tribal, county, township, or municipal laws.

Teachers

You may participate in the Good Neighbor Next Door program as a Teacher if you are employed as a full-time teacher by a state-accredited public school or private school that provides direct services to students in grades pre-kindergarten through 12. In addition, the public or private school where you are employed as a teacher must serve students from the area where the home you are purchasing is located in the normal course of business.

Firefighter/Emergency Medical Technicians

You may participate in the Good Neighbor Next Door program as a Firefighter/Emergency Medical Technician if you are employed full-time as a firefighter or emergency medical technician by a fire department or emergency medical services responder unit of the federal government, a state, unit of general local government, or an Indian tribal government serving the area where the home is located.

The number of properties available is limited and the list of available properties changes weekly.

How Much of a Discount Can I Get on a HUD Home?

Answer: You can get a 50 percent discount off the HUD appraised value. For example, if HUD lists a home at $100,000, you can buy it for $50,000 provided, you occupy the home as your personal residence for the required occupancy period. If you qualify for any FHA-insured mortgage program, your downpayment is only $100 and you may finance closing costs.

To learn more, please see HUD's Good Neighbor Sales Frequently Asked Questions!

Below is an update on the homes offered on the GNND Program:4/5/10

Sacramento County:

 SACRAMENTO

Property Photo

Address Price Bed/Bath  List Date Bid Deadline Eligibility
043-745231  7515 Sheldon Road #30102
ELK GROVE, CA 95758
$145,000  2/2  03/26/10 Daily All Bidders

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Address Price Bed/Bath  List Date Bid Deadline Eligibility
043-720005  8724 Piedra Way
FAIR OAKS, CA 95628
$175,500  3/2  04/02/10 04/06/10 Owner Occupant
(Investors bid on 04/07/10)

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Property Photo
  Address Price Bed/Bath  List Date Bid Deadline Eligibility
043-741599 
80 Ramon Drive
GALT, CA 95632
$190,000  4/2.5  03/26/10 Daily All Bidders

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Address Price Bed/Bath  List Date Bid Deadline Eligibility
043-737655  5224 Field Street
NORTH HIGHLANDS, CA 95660
$86,000  3/2  04/02/10 04/11/10 Owner Occupant
(Investors bid on 04/12/10)

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Address Price Bed/Bath  List Date Bid Deadline Eligibility
043-727299  10532 Malaga Way
RANCHO CORDOVA, CA 95670
$143,000  2/2  03/12/10 Daily All Bidders

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Address Price Bed/Bath  List Date Bid Deadline Eligibility
043-713569  7029 Sprig Drive
SACRAMENTO, CA 95842
$130,000  3/2  04/02/10 04/11/10 Owner Occupant
(Investors bid on 04/12/10)

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Property Photo
  Address Price Bed/Bath 
List Date Bid Deadline Eligibility
043-721157  6 Datoro Court
SACRAMENTO, CA 95833
$151,000  3/2  04/02/10 04/11/10 Owner Occupant
(Investors bid on 04/12/10)

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Property Photo

Address Price Bed/Bath 
List Date Bid Deadline Eligibility
043-499734  7457 Stella Way
SACRAMENTO, CA 95822
$70,000  3/1.5  04/02/10 04/06/10 Owner Occupant
(Investors bid on 04/07/10)

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Address Price Bed/Bath  List Date Bid Deadline Eligibility
043-681708  1433 Rushden Drive
SACRAMENTO, CA 95864
$121,500  3/1  04/02/10 04/06/10 Owner Occupant
(Investors bid on 04/07/10)

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Address Price Bed/Bath  List Date Bid Deadline Eligibility
043-722166  3614 Gold Creek Lane
SACRAMENTO, CA 95827
$108,000  2/2.5  04/02/10 04/06/10 Owner Occupant
(Investors bid on 04/07/10)

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Address Price Bed/Bath  List Date Bid Deadline Eligibility
043-755854  9249 Linda Rio Drive
SACRAMENTO, CA 95826
$221,400  4/2.5  04/02/10 04/06/10 Owner Occupant
(Investors bid on 04/07/10)

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Property Photo

Address Price Bed/Bath 
List Date Bid Deadline Eligibility
043-731580  5563 36th Avenue
SACRAMENTO, CA 95824
$117,000  3/1  03/26/10 Daily All Bidders

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Property Photo
Property Case Address Price Bed/Bath 
List Date Bid Deadline Eligibility
043-680166  740 E Woodside Lane #8
SACRAMENTO, CA 95825
$35,000  1/1  03/19/10 Daily All Bidders

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Property Photo

Address Price Bed/Bath 
List Date Bid Deadline Eligibility
043-750585  2310 Wailea Place
SACRAMENTO, CA 95833
$165,000  2/2  02/26/10 Daily All Bidders

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For more information about financing for the Good Neighbor Next Door, please email me and reference GNND. Please be sure to include you name and the best phone number to contact you back.  I look forward to speaking with you soon.

 

Comments (2)

Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

This is a good program; they rarely offer a GNND house in our area though.

Apr 05, 2010 01:19 AM
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

This is a good program;they rarely offer a GNND house in our area though.

Apr 05, 2010 01:20 AM