Ask me how you can buy a house a HALF PRICE

By
Real Estate Agent

It is not a secret, but many people don't know that HUD has a great program call Good Neighbot Next Door, GNND. This program allows Teachers, Police Officers, Fire Fighters and EMTs to purchase selected homes for half price.

I used to be a teacher before I got into real estate and I purchase my house at half price and I still have good equity in it. I help other teachers in my school and that is how I changed careers. I built my real estate business helping teacher, police officers and fire fighters purchase HUD homes at half price.

Some houses are in livable condition or need minor repairs, some need complete renovations, but either way they are very good deals. Some lenders have special financing program for GNND and some municipalities have grants for down payments or closing cost for their employees when they purchase a new home.

The way the program works the selected homes go into a 10 day bidding period, you have to bid the asking price and the winning bid get the house at half of the asking price. The key things are like every HUD home buyer has 48 hours to submit offer to HUD after notice of bid acceptance. Also buyers must use a real estate agent, and HUD doesn't pay for tranfer fees or real estate commission, the buyer has to pay for both. But still it is a good deal.

Visit www.hudhomestore.com for the available properties. And if you have furthers questions you can contact me at reobaltimore@gmail.com

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Topic:
Home Buying
Location:
Maryland Baltimore City Baltimore Baltimore City
Groups:
Baltimore REO Foreclosures and Short Sales Market
Baltimore Area Distress Properties, Foreclosures and Short Sales
Baltimore Regional And Community Discussion
Marketing and Selling to the Latino Community
Maryland Real Estate and Mortgage Group
Tags:
hud homes baltimore
teacher next door
police next door

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Rainer
58,362
Juan Bassett
Long & Foster - Germantown, MD
GRI

Thanks Jose, Everyday on active rain I learn something new. Today your blod served that purpose.

Jul 23, 2011 05:56 AM #1
Rainer
51,887
Jen Giraud
American Home Shield - Dallas, TX

Great post Jose, thanks for sharing! I love that this program is available. Hopefully more folks will take advantage of it!

Jul 23, 2011 06:10 AM #2
Rainer
37,846
Jose Rivas
Nottingham, MD

Juan, I am glad I can share information with everybody.

Jen, I really hope more folks take advantage of this program. I sure did and I am very happy about it, and I know several folks who can say the same.

Jul 23, 2011 07:04 AM #3
Rainmaker
635,767
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Jose, This is a great program. I had heard about it before, but did not realize the particulars.  Good luck to you and your future success!

Jul 23, 2011 09:31 AM #4
Rainer
37,846
Jose Rivas
Nottingham, MD

Mary it is a great program, Thanks and same to you.

Jul 23, 2011 12:03 PM #5
Rainmaker
710,880
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Jose

Viva! My mom was a teacher, and I have the utmost respect for teachers.

I haven't had to use this program yet -- but I'm glad it exists. I'm sure my lenders are well-versed with this program. Thank God there's help for people who needs it.

Jul 24, 2011 05:55 PM #6
Ambassador
3,263,263
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Jose, It is good to see another professional from Baltimore posting on ActiveRain.

Margaret

Jul 25, 2011 04:39 PM #7
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Rainer
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Jose Rivas

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