HUD Homes
HUD: the U.S Department of Housing and Urban Development “was designed to assist homeowners, homebuyers, and to regulate real estate transactions”. HUD offers an exciting program called Good Neighbor Next Door that cuts the listing price of a home in half for eligible teachers, law enforcement, firefighting, and emergency medical technicians who agree to live in a revitalizing neighborhood for at least 36 months.
It offers an amazing 50{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} off (yes you read that right) the list price of a HUD home in a so-called revitalization area,” so a property listed for $200,000 would be sold for $100,000, and can be combined with the $100 down program if you go the FHA financing route.
The bid will become the acknowledged bid listed in “Search Offer Results,” allowing the agent or broker 48 hours to deliver to the appropriate Regional Office the complete and correct Sales Contract package with all addenda …