This program have been in place for a long time. Now it's being promoted
to help our law enforment, teachers and firefighters and EMT. The reason is the resurgence of homes that were foreclosed and now in the hands of FHA. HUD is the arm of FHA that sells these homes. Please check out the program as outlined from the HUD homestore website. My role here is to represent the buyer who wants to put a bid. As with any program I can't guarantee the result
since others are also bidding. Just depend on the bid, the money you have in case of overbid. However, these can be financed with the regular FHA, Chdap (1% down), or even conventional loan. Feel free to contact me for more info.
Good Neighborhood Next Door (GNND)
For Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians. 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. When a law enforcement officer, teacher, firefighter, or emergency medical technician chooses to use an FHA- insured mortgage, the down payment is $100. Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. GNND buyers can bid in lottery, exclusive, and extended phases, but can bid exclusively on insured single unit homes in revitalization areas in the lottery phase. GNND buyers are given preference over government agencies and nonprofits in the selection of a bid-winner in the lottery phase. Search for available properties at www.hudhomestore.com, enter State and Buyer Type: Good Neighbor Next Door.
Thank you.
Roberto Gosim
Century 21 Action!
2679 Redondo Ave.
Long Beach, CA 90806
CA DRE Lic#: 01362188
Cell: (310) 597-5686
to help our law enforment, teachers and firefighters and EMT. The reason is the resurgence of homes that were foreclosed and now in the hands of FHA. HUD is the arm of FHA that sells these homes. Please check out the program as outlined from the HUD homestore website. My role here is to represent the buyer who wants to put a bid. As with any program I can't guarantee the result
since others are also bidding. Just depend on the bid, the money you have in case of overbid. However, these can be financed with the regular FHA, Chdap (1% down), or even conventional loan. Feel free to contact me for more info.
Good Neighborhood Next Door (GNND)
For Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians. 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. When a law enforcement officer, teacher, firefighter, or emergency medical technician chooses to use an FHA- insured mortgage, the down payment is $100. Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. GNND buyers can bid in lottery, exclusive, and extended phases, but can bid exclusively on insured single unit homes in revitalization areas in the lottery phase. GNND buyers are given preference over government agencies and nonprofits in the selection of a bid-winner in the lottery phase. Search for available properties at www.hudhomestore.com, enter State and Buyer Type: Good Neighbor Next Door.
Thank you.
Roberto Gosim
Century 21 Action!
2679 Redondo Ave.
Long Beach, CA 90806
CA DRE Lic#: 01362188
Cell: (310) 597-5686
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