Millcreek, Ut -- Good Neighbor Next Door -Teachers & Community Servants

By
Managing Real Estate Broker with Rindlesbach Homes 5479984-PB00

 

 

Good Neighbor Next Door

About Good Neighbor Next Door

Law enforcement officers, pre-Kindergarten through 12th grade teachers, firefighters and 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 sale through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days.

How to Participate in Good Neighbor Next Door

Check the listings for your state. Follow the instructions to submit your interest in purchasing a specific home. If more than one person submits an offer 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 and note for the discount amount. No interest or payments are required on this "silent second" provided that you fulfill the three-year occupancy requirement.

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

To learn more, please see our Good Neighbor Sales Frequently Asked Questions!
Good Neighbor Next Door - click this link to check out my blog post on this great opportunity
Qualifying for the Good Neighbor Program -- click this link to find out how you qualify for this program.
 
Sandy Straley, Broker
801-808-8110
Rindlesbach Homes
www.saltlakecityvalleynewhomes.com
 
 
 
 
 
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